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updated 10/7/2013 9:17:54 AM ET 2013-10-07T13:17:54

Thinking of setting up shop in another country?

It would cost almost $315,000 a year to run a small tech startup in Zurich – nearly seven times as much as it would cost you in Manila, the capital of the Philippines, according to the infographic below compiled by global recruitment online platform Staff.com. That’s a high price to pay for being surrounded by (admittedly delicious) chocolate.

Related: Count It: How Many Times These Business Leaders Tried Before They Succeeded (Infographic)

Sydney is the second most expensive city for launching a startup, costing over $310,000 a year. And New York City came in as the third most expensive town at just below $300,000.

Estimates are based on the cost of renting one small office and hiring two web developers and a web designer for a year.

Check it out.

 

 

 

Copyright © 2013 Entrepreneur.com, Inc.

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