Time to Start New Business

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 98.40000000000001% 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.

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Country Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Afghanistan days ...                 9.50 6.50 8.50 8.50 8.50    
Albania days                   5.00 5.00 5.00 5.00 5.00    
Algeria days                   22.0 22.0 20.0 18.0 18.0    
Angola days                   66.0 66.0 66.0 36.0 36.0    
Argentina days                   24.5 24.5 24.5 24.5 24.5    
Armenia days                   8.00 4.50 4.50 4.50 4.50    
Australia days                   2.50 2.50 2.50 2.50 2.50    
Austria days                   25.0 25.0 22.0 22.0 21.0    
Azerbaijan days                   8.00 7.00 5.50 3.50 3.50    
Bahamas days ... ... ... ...           23.5 23.5 23.5 28.5 21.5    
Bahrain days ... ... ... ...           9.30 9.30 9.30 9.40 8.30    
Bangladesh days                   26.5 21.8 19.5 19.5 19.5    
Belarus days                   13.0 12.0 12.0 9.00 9.00    
Belgium days                   4.00 4.00 4.00 4.00 4.00    
Belize days ... ...               43.0 43.0 43.0 43.0 43.0    
Benin days                   29.5 18.5 12.5 12.5 8.50    
Bhutan days                   35.0 30.0 15.0 15.0 15.0    
Bolivia days                   49.0 49.0 49.0 49.0 45.0    
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    
Brazil days                   122 86.6 83.6 86.0 82.5    
Brunei days ... ... ...             105 105 105 14.5 14.5    
Bulgaria days                   25.0 25.0 25.0 25.0 23.0    
Burkina Faso days                   13.0 13.0 13.0 13.0 13.0    
Burundi days                   7.00 5.00 5.00 4.00 4.00    
Cambodia days                   102 101 101 87.0 99.0    
Cameroon days                   16.5 16.5 16.5 16.5 16.5    
Canada days                   5.50 5.50 5.50 1.50 1.50    
Central African Republic days                   22.0 22.0 22.0 22.0 22.0    
Chad days                   60.0 60.0 60.0 60.0 60.0    
Chile days                   7.50 7.50 7.50 7.50 7.50    
China days                   33.0 32.4 29.4 29.4 26.9    
Colombia days                   12.0 12.0 12.0 12.0 11.0    
Comoros days ... ...               20.0 16.0 16.0 16.0 16.0    
Congo days                   159 98.5 50.5 50.5 50.5    
Costa Rica days                   57.5 23.0 23.0 23.0 22.5    
Croatia days                   22.5 22.5 22.5 22.5 22.5    
Cyprus days ... ... ... ... ...         8.00 8.00 8.00 8.00 6.00    
Czech Republic days                   30.5 30.5 30.5 30.5 24.5    
Dem. Republic of the Congo days                   58.5 31.5 16.5 11.5 11.5    
Denmark days                   6.00 6.00 6.00 3.50 3.50    
Djibouti days ... ...               37.0 17.0 14.0 14.0 14.0    
Dominican Republic days                   14.5 14.5 14.5 14.5 18.5    
East Timor days ...                 94.0 94.0 15.0 14.0 14.0    
Ecuador days                   55.5 55.5 55.5 50.5 48.5    
Egypt days                   12.5 12.5 12.5 16.5 16.5    
El Salvador days                   16.5 16.5 16.5 16.5 16.5    
Equatorial Guinea days ... ...               150 150 150 150 149    
Eritrea days ...                 84.0 84.0 84.0 84.0 84.0    
Estonia days                   6.50 6.50 4.50 3.50 3.50    
Ethiopia days                   40.0 39.0 39.0 35.0 35.0    
European Union days                   15.8 15.2 13.6 12.5 12.0    
Fiji days                   58.0 58.0 58.0 58.0 40.0    
Finland days                   17.0 17.0 17.0 17.0 17.0    
France days                   6.50 6.50 4.50 4.00 3.50    
Gabon days ... ...               54.0 47.0 47.0 47.0 47.0    
Gambia days ... ...               27.0 27.0 26.0 25.0 25.0    
Georgia days                   2.00 2.00 2.00 2.00 2.00    
Germany days                   14.5 14.5 14.5 10.5 8.00    
Ghana days                   11.0 14.0 14.0 14.0 14.0    
Greece days                   11.0 14.0 13.0 13.0 13.0    
Guatemala days                   36.0 26.5 26.5 26.5 26.5    
Guinea days                   43.0 23.0 15.0 15.0 15.0    
Guinea Bissau days ... ...               8.50 8.50 8.50 8.50 8.50    
Guyana days ...                 18.0 18.0 18.0 18.0 18.0    
Haiti days                   134 97.0 97.0 97.0 97.0    
Honduras days                   14.0 14.0 14.0 13.0 13.0    
Hong Kong days                   2.50 2.50 2.50 1.50 1.50    
Hungary days                   7.00 7.00 7.00 7.00 7.00    
Iceland days ...                 4.50 4.50 12.0 12.0 11.5    
India days                   28.0 32.7 35.0 30.0 28.5    
Indonesia days                   48.0 75.5 52.5 47.8 24.9    
Iraq days ...                 27.5 27.5 27.5 34.5 34.5    
Iran days                   73.5 73.5 72.5 72.5 72.5    
Ireland days                   10.0 10.0 6.00 6.00 5.00    
Israel days                   20.0 13.0 13.0 13.0 12.0    
Italy days                   7.50 7.50 6.50 6.00 6.00    
Ivory Coast days                   32.0 8.00 7.00 7.00 7.00    
Jamaica days                   7.00 6.00 15.0 3.00 10.0    
Japan days                   12.0 11.7 11.2 11.2 11.2    
Jordan days                   12.5 12.5 12.5 12.5 12.5    
Kazakhstan days                   25.0 18.0 16.0 11.0 9.00    
Kenya days                   34.0 34.0 32.0 28.0 22.0    
Kosovo days ... ... ... ... ... ...       51.0 29.0 10.0 10.0 6.00    
Kuwait days                   32.4 32.4 31.4 31.4 61.4    
Kyrgyzstan days                   14.0 10.0 10.0 10.0 10.0    
Laos days                   88.0 88.0 88.0 187 174    
Latvia days                   15.5 12.5 12.5 5.50 5.50    
Lebanon days                   15.0 15.0 15.0 15.0 15.0    
Lesotho days                   29.0 29.0 29.0 29.0 29.0    
Liberia days ... ... ...             7.00 6.00 6.00 6.00 6.00    
Libya days ... ... ... ... ... ... ... ... ... 35.0 35.0 35.0 35.0 35.0    
Lithuania days                   19.5 8.50 5.50 5.50 5.50    
Luxembourg days ... ... ...             16.5 16.5 16.5 16.5 16.5    
Macedonia days                   15.0 15.0 15.0 14.0 14.0    
Madagascar days                   12.0 12.0 12.0 13.0 12.0    
Malawi days                   37.0 40.0 38.0 38.0 37.0    
Malaysia days                   9.50 9.50 7.50 7.50 23.5    
Maldives days                   12.0 12.0 12.0 12.0 12.0    
Mali days                   8.00 11.0 11.0 8.50 8.50    
Malta days ... ... ... ... ... ... ... ...   38.5 38.5 33.5 28.0 26.0    
Mauritania days                   19.0 19.0 8.00 8.00 8.00    
Mauritius days ...                 6.50 6.50 6.50 6.50 6.50    
Mexico days                   8.50 8.40 8.40 8.40 8.40    
Moldova days                   9.00 7.00 7.00 6.00 6.00    
Mongolia days                   16.0 16.0 16.0 11.0 11.0    
Montenegro days ... ... ...             12.0 12.0 12.0 12.0 12.0    
Morocco days                   12.0 11.5 11.5 10.5 10.0    
Mozambique days                   21.0 21.0 21.0 21.0 21.0    
Myanmar days ... ... ... ... ... ... ... ... ... 77.0 77.0 77.0 16.0 14.0    
Namibia days                   66.0 66.0 66.0 66.0 66.0    
Nepal days                   29.0 17.0 17.0 17.0 17.0    
Netherlands days                   5.00 4.00 3.50 3.50 3.50    
New Zealand days                   0.500 0.500 0.500 0.500 0.500    
Nicaragua days                   39.0 37.0 14.0 14.0 14.0    
Niger days                   17.0 17.0 15.0 15.0 10.0    
Nigeria days                   28.0 30.3 30.3 30.3 24.9    
Norway days                   6.00 6.00 5.00 4.00 4.00    
Oman days                   8.30 8.30 8.30 8.30 6.30    
Pakistan days                   19.0 20.0 20.0 20.0 20.0    
Palestine days ...                 49.5 47.5 43.5 43.5 43.5    
Panama days                   7.00 6.00 6.00 6.00 6.00    
Papua New Guinea days                   52.0 53.0 53.0 53.0 41.0    
Paraguay days                   35.0 35.0 35.0 35.0 35.0    
Peru days                   41.5 41.5 41.5 41.5 41.5    
Philippines days                   36.0 36.0 34.0 29.0 28.0    
Poland days                   39.0 37.0 37.0 37.0 37.0    
Portugal days                   7.00 6.00 6.00 6.00 6.00    
Puerto Rico days                   6.00 6.00 6.00 6.00 5.50    
Qatar days ... ... ... ...           8.70 8.70 8.70 8.70 8.70    
Romania days                   8.00 8.00 8.00 8.00 12.0    
Russia days                   18.0 13.2 11.5 10.8 10.1    
Rwanda days                   8.00 7.00 7.00 6.00 4.00    
Saudi Arabia days                   24.3 24.8 24.8 23.3 19.3    
Senegal days                   6.00 6.00 6.00 6.00 6.00    
Serbia days                   12.0 12.0 11.5 11.5 6.50    
Seychelles days ... ...               33.0 32.0 32.0 32.0 32.0    
Sierra Leone days                   12.0 12.0 12.0 10.0 8.00    
Singapore days                   2.50 2.50 2.50 2.50 2.50    
Slovakia days                   28.5 33.5 26.5 26.5 26.5    
Slovenia days                   6.00 6.00 6.00 6.00 6.00    
Somalia days ... ... ... ... ... ... ... ... ... ... ... ... 70.0 70.0    
South Africa days                   45.0 45.0 46.0 46.0 45.0    
South Korea days                   4.00 4.00 4.00 4.00 4.00    
South Sudan days ... ... ... ... ... ... ... ... ... 14.0 14.0 14.0 14.0 14.0    
Spain days                   30.0 24.0 14.0 14.0 13.0    
Sri Lanka days                   11.0 11.0 11.0 10.0 9.00    
Sudan days ...                 36.5 36.5 36.5 36.5 36.5    
Suriname days ... ...               691 205 84.5 84.5 66.5    
Swaziland days ... ...               56.0 38.0 30.0 30.0 30.0    
Sweden days                   16.0 16.0 16.0 7.00 7.00    
Switzerland days                   18.0 18.0 10.0 10.0 10.0    
Syria days                   13.5 13.5 13.5 13.5 15.5    
Tajikistan days ... ...               13.0 22.0 28.0 11.0 22.0    
Tanzania days                   29.0 29.0 29.0 29.0 29.0    
Thailand days                   31.0 29.5 29.5 29.5 27.5    
Togo days                   38.0 19.0 10.0 10.0 6.00    
Trinidad and Tobago days ... ...               40.0 35.5 11.5 11.5 10.5    
Tunisia days                   12.0 12.0 12.0 12.0 12.0    
Turkey days                   10.5 10.5 11.0 11.0 10.0    
Uganda days                   29.0 28.0 28.0 27.0 26.0    
Ukraine days                   23.0 22.0 22.0 8.00 6.50    
United Arab Emirates days                   8.20 8.20 8.20 8.20 8.20    
United Kingdom days                   11.5 11.5 6.00 4.50 4.50    
USA days                   5.00 6.20 5.60 5.60 5.60    
Uruguay days                   6.50 6.50 6.50 6.50 6.50    
Uzbekistan days                   11.0 7.50 7.50 5.50 5.50    
Venezuela days                   144 144 144 186 230    
Vietnam days                   32.0 34.0 34.0 20.0 24.0    
Yemen days                   40.5 40.5 40.5 40.5 40.5    
Zambia days                   18.5 8.50 8.50 8.50 8.50    
Zimbabwe days                   87.0 91.0 91.0 91.0 91.0    
World days                   31.1 26.6 24.1 23.1 22.7