Time to Start New Business fell 41% to 24.5 days in Peru in 2018

Time to Start New Business (days)
Economy | Peru | May 17, 2019
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Time to start new business reached 24.5 days in 2018 in Peru, according to the National Statistical Office. This is 41 % less than in the previous year.

Historically, time to start new business in Peru reached an all time high of 105 days in 2005 and an all time low of 24.5 days in 2018. When compared to Peru's main peers, time to start new business in Bolivia amounted to 43.5 days, 20.5 days in Brazil, 6.00 days in Chile and 11.0 days in Colombia in 2018.

Peru has been ranked 42nd within the group of 173 countries we follow in terms of time to start new business, 21 places behind the position seen 10 years ago.

The time required to start a business is the number of calendar days needed to complete the procedures to legally operate a business.

Time to Start New Business Unit 2010 2011 2012 2013 2014 2015 2016 2017 2018
Argentina days 24.5 24.5 24.5 24.5 24.5
Bolivia days 49.0 49.0 49.0 49.0 45.0
Brazil days 122 86.6 83.6 86.0 82.5
Chile days 7.50 7.50 7.50 7.50 7.50
Colombia days 12.0 12.0 12.0 12.0 11.0
Paraguay days 35.0 35.0 35.0 35.0 35.0
Peru days 41.5 41.5 41.5 41.5 41.5
Uruguay days 6.50 6.50 6.50 6.50 6.50
Venezuela days 144 144 144 186 230