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CEOWORLD magazine - Latest - Education and Career - The world’s 19 most expensive cities to set up a business, 2016

Education and Career

The world’s 19 most expensive cities to set up a business, 2016

New York City NYC

New York has been named the world’s most expensive city to set up a business, according to new report by the property broker Savills, followed by Hong Kong, and the British capital London. Two European cities are in the top 10: London, which takes third place, and Paris in fifth.

The total annual cost per employee of living and working accommodation in New York is $114,010, while 2nd place Hong Kong posted a 1% increase in cost to US$100,984.

Tokyo is in 4th place, with accommodation costs jumping 22% to US$85,331. Trailing behind Tokyo as the world’s most expensive cities to set up a business are Paris, San Francisco, Singapore, Dubai, Sydney and Los Angeles.

Report compares how much it would cost for international companies to set up a team of employees per capita in major cities around the world – to rent and occupy office space and housing for their employees.

The world’s 19 most expensive cities to set up a business

1. New York City, US — $114,010
2. Hong Kong — $100,984

3. London, UK — $100,141
4. Tokyo, Japan — $85,331

5. Paris, France — $82,880
6. San Francisco, US — $66,268

7. Singapore — $61,335
8. Dubai — $53,913

9. Sydney, Australia — $50,768
10. Los Angeles, US — $50,215

11. Miami, US — $49,946
12. Lagos, Nigeria — $45,817

13. Chicago, US – $45,456
14. Dublin, Ireland — $45,147

15. Moscow, Russia — $43,966
16. Shanghai, China — $42,577

17. Berlin, Germany — $29,933
18. Mumbai, India — $28,592
19. Johannesburg, South Africa — $20,905

CEOWORLD magazine - Latest - Education and Career - The world’s 19 most expensive cities to set up a business, 2016
Prof. Dr. Amarendra Bhushan Dhiraj
Prof. Dr. Amarendra Bhushan Dhiraj is a publishing executive and economist who is the CEO and editor-in-chief of The CEOWORLD magazine, one of the world’s most influential and recognized global news publications. Additionally, he serves as the chair of the advisory board for the CEOWORLD magazine. He received his Ph.D. in Finance and Banking from the European Global School, Paris, France. He earned his Doctoral Degree in Chartered Accountancy from the European International University Paris, France, and a Doctorate in Business Administration from Kyiv National University of Technologies and Design (KNUTD), Ukraine. Dr. Amarendra also holds a Master of Business Administration degree in International Relations and Affairs from the American University of Athens, Alabama, United States.


Prof. Dr. Amarendra Bhushan Dhiraj is CEO and editor-in-chief of CEOWORLD magazine. You can follow him on LinkedIn, Facebook, Twitter.