The Cost of Starting a Business in Muslim Countries
It’s quite suprising to note that the cost of starting a business is quite high in most rich Muslim countries. This highlights the need to focus on facilitating entrepreneurship, which will develop our economies and take away the dependance on resources like oil.
It is way cheaper to start a business in most developed nations than it is in high income Muslim countries. Such a phenomenon will drive entrepreneurs to developed countries that attract immigrants. Canada is a prime example.
The table on the right lists Muslim countries according to the cost required (in USD) to start a business. The table below presents a comparison with the cost required (in USD) to start a business in G7 countries.