Time to start new business reached 13.5 days in 2018 in Malaysia, according to the National Statistical Office. This is 42.6 % less than in the previous year.
Historically, time to start new business in Malaysia reached an all time high of 37.5 days in 2003 and an all time low of 7.50 days in 2014. When compared to Malaysia's main peers, time to start new business in Cambodia amounted to 99.0 days, 1.50 days in Singapore, 4.50 days in Thailand and 17.0 days in Vietnam in 2018.
Malaysia has been ranked 79th within the group of 173 countries we follow in terms of time to start new business, 18 places above 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.