How Long Does it Take to Start Business?

Time to Start New Business (days), 2018
Economy | May 17, 2019
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Excel Sheet

Based on a comparison of 171 countries in 2018, Venezuela ranked the highest in time to start new business with 230 days followed by Laos and Cambodia. On the other end of the scale was New Zealand with 0.500 days, Hong Kong with 1.50 days and Singapore with 1.50 days.

Average time to start new business reached 20.1 days in 2018 in the World according to the National Statistical Office. This is 5.67 % less than in the previous year and -98.4 % less than 10 years ago.

Historically, average time to start new business reached an all time high of 51.5 days in 2003 and an all time low of 20.1 days in 2018. The average annual growth amounted to -6.08 % since 2003.

Data for more countries are available at Time to Start New Business indicator page.

Time to Start New Business Unit 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Bosnia and Herzegovina days ... ... ... ... ... 83.0 83.0 83.0 83.0 81.0
Botswana days ... ... ... ... ... 40.0 41.0 48.0 48.0 48.0
Cambodia days ... ... ... ... ... 102 101 101 87.0 99.0
Chad days ... ... ... ... ... 60.0 60.0 60.0 60.0 60.0
Congo days ... ... ... ... ... 159 98.5 50.5 50.5 50.5
Ecuador days ... ... ... ... ... 55.5 55.5 55.5 50.5 48.5
Eritrea days ... ... ... ... ... ... 84.0 84.0 84.0 84.0 84.0
Haiti days ... ... ... ... ... 134 97.0 97.0 97.0 97.0
Iran days ... ... ... ... ... 73.5 73.5 72.5 72.5 72.5
Laos days ... ... ... ... ... 88.0 88.0 88.0 187 174
Namibia days ... ... ... ... ... 66.0 66.0 66.0 66.0 66.0
Palestine days ... ... ... ... ... ... 49.5 47.5 43.5 43.5 43.5
Somalia days ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 70.0 70.0
Suriname days ... ... ... ... ... ... ... 691 205 84.5 84.5 66.5
Venezuela days ... ... ... ... ... 144 144 144 186 230