Time to start new business reached 14.0 days in 2018 in Myanmar, according to the National Statistical Office. This is the same as in the previous year.
Historically, time to start new business in Myanmar reached an all time high of 77.0 days in 2012 and an all time low of 14.0 days in 2016. When compared to Myanmar's main peers, time to start new business in China amounted to 8.60 days, 16.5 days in India, 174 days in Laos and 4.50 days in Thailand in 2018.
Myanmar has been ranked 76th within the group of 173 countries we follow in terms of time to start new business.
The time required to start a business is the number of calendar days needed to complete the procedures to legally operate a business.
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