Start-up set up costs in Poland in line with OECD average – report

According to the report compiled by ExMetrix, at the end of 2015, the cost of launching a start-up company in Poland was $1,475, which is a value in line with the OEECD average. “The lowest costs were recorded in Central Europe and the Baltic States as well as in North America, while the highest in Africa," said Ryszard Łukoś from ExMetrix. According to ExMetrix, the country with the highest cost of launching a start-up is Venezuela, with $10,533. The most expensive European country was Italy with $4,175. On the other hand, start-ups in Macedonia do not bear any costs, according to the report. Łukoś reminded that in Poland only 1 percent of GDP is spent on R&D, which is twice less than the EU average.