Time to Start New Business remained unchanged in Myanmar in 2018

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

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.

Time to Start New Business Unit 2010 2011 2012 2013 2014 2015 2016 2017 2018
Bangladesh days 26.5 21.8 19.5 19.5 19.5
Cambodia days 102 101 101 87.0 99.0
China days 33.0 32.4 29.4 29.4 26.9
India days 28.0 32.7 35.0 30.0 28.5
Japan days 12.0 11.7 11.2 11.2 11.2
Laos days 88.0 88.0 88.0 187 174
Malaysia days 9.50 9.50 7.50 7.50 23.5
Myanmar days ... ... 77.0 77.0 77.0 16.0 14.0
Pakistan days 19.0 20.0 20.0 20.0 20.0
Russia days 18.0 13.2 11.5 10.8 10.1
Sri Lanka days 11.0 11.0 11.0 10.0 9.00
Thailand days 31.0 29.5 29.5 29.5 27.5
USA days 5.00 6.20 5.60 5.60 5.60
Vietnam days 32.0 34.0 34.0 20.0 24.0