Emma Mortimer https://www.utilitybidder.co.uk 1m 195 #businesscosts
The views of this article are the perspective of the author and may not be reflective of Confessions of the Professions.
Wherever you are in the world, setting up and running a business comes at a price. But what about UK business costs?
The team over at Utility Bidder have delved into global business costs data around the world to reveal how costs differ from city to city and highlight the cheapest and most expensive places to run your own company…
Top 20 Cities To Run a Business (overall ranked score /100)
Rank | City | Country | Overall Score |
1 | Budapest | Hungary | 90.72 |
2 | Prague | Czech Republic | 83.91 |
3 | Warsaw | Poland | 82.20 |
4 | Bratislava | Slovakia | 78.13 |
5 | Helsinki | Finland | 70.89 |
6 | Mexico City | Mexico | 70.55 |
7 | Valencia | Spain | 69.83 |
8 | Belfast | United Kingdom | 69.83 |
9 | Malaga | Spain | 69.28 |
10 | Tel Aviv | Israel | 68.83 |
11 | Liverpool | United Kingdom | 68.79 |
12 | Seoul | South Korea | 68.73 |
13 | Southampton | United Kingdom | 68.44 |
14 | Palma de Mallorca | Spain | 68.03 |
15 | Montreal | Canada | 67.83 |
16 | Glasgow | United Kingdom | 67.17 |
17 | Leeds | United Kingdom | 66.93 |
18 | Rotterdam | Netherlands | 66.41 |
19 | Gothenburg | Sweden | 66.40 |
20 | Birmingham | United Kingdom | 66.23 |
6 of the top 20 cities are all in the UK, with Belfast making it in the top 10. London also comes in as one of the most expensive cities for business office occupancy costs, at an average of £113.20 per sq ft.
With only 19% corporate tax rate, the UK also comes just beneath Budapest (9%) for top business tax rates.
You can see the full research here:
(
