Time to start new business reached 4.50 days in 2018 in Thailand, according to the National Statistical Office. This is the same as in the previous year.
Historically, time to start new business in Thailand reached an all time high of 35.0 days in 2003 and an all time low of 4.50 days in 2017. When compared to Thailand's main peers, time to start new business in Cambodia amounted to 99.0 days, 174 days in Laos, 13.5 days in Malaysia and 14.0 days in Myanmar in 2018.
Thailand has been ranked 152nd within the group of 173 countries we follow in terms of time to start new business, 90 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.