Time required to start a business (days) - Country Ranking

Definition: Time required to start a business is the number of calendar days needed to complete the procedures to legally operate a business. If a procedure can be speeded up at additional cost, the fastest procedure, independent of cost, is chosen.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also: Thematic map, Time series comparison

Find indicator:
Rank Country Value Year
1 Venezuela 230.00 2017
2 Cambodia 99.00 2017
3 Haiti 97.00 2017
4 Suriname 84.50 2017
5 Eritrea 84.00 2017
6 Brazil 79.50 2017
7 Somalia 70.00 2017
8 Lao PDR 67.00 2017
9 Namibia 66.00 2017
10 Bosnia and Herzegovina 65.00 2017
11 Zimbabwe 61.00 2017
12 Chad 60.00 2017
13 Congo 49.00 2017
14 Ecuador 48.50 2017
15 Botswana 48.00 2017
16 South Africa 45.00 2017
16 Bolivia 45.00 2017
18 Belize 43.00 2017
19 Papua New Guinea 41.00 2017
20 Yemen 40.50 2017
21 Fiji 40.00 2017
22 Kuwait 38.40 2017
23 Poland 37.00 2017
23 Malawi 37.00 2017
25 Sudan 36.50 2017
26 Angola 36.00 2017
27 Paraguay 35.00 2017
27 Libya 35.00 2017
29 Ethiopia 33.00 2017
29 Gabon 33.00 2017
29 Equatorial Guinea 33.00 2017
32 Seychelles 32.00 2017
33 Kiribati 31.00 2017
34 Swaziland 30.00 2017
35 India 29.80 2017
36 Lesotho 29.00 2017
37 Palau 28.00 2017
37 Philippines 28.00 2017
37 Tanzania 28.00 2017
40 Peru 26.50 2017
40 Iraq 26.50 2017
40 Guatemala 26.50 2017
43 Kenya 25.00 2017
43 The Gambia 25.00 2017
45 Uganda 24.00 2017
45 Argentina 24.00 2017
47 Indonesia 23.10 2017
48 Bulgaria 23.00 2017
49 China 22.90 2017
50 Costa Rica 22.50 2017
51 Antigua and Barbuda 22.00 2017
51 Central African Republic 22.00 2017
51 Vietnam 22.00 2017
54 The Bahamas 21.50 2017
55 Austria 21.00 2017
56 Algeria 20.00 2017
57 Bangladesh 19.50 2017
58 Mozambique 19.00 2017
59 Nigeria 18.90 2017
60 St. Kitts and Nevis 18.50 2017
60 Malaysia 18.50 2017
62 Guyana 18.00 2017
62 Vanuatu 18.00 2017
64 Saudi Arabia 17.80 2017
65 Pakistan 17.50 2017
66 Nepal 16.50 2017
66 El Salvador 16.50 2017
66 Luxembourg 16.50 2017
66 Cameroon 16.50 2017
66 Dominican Republic 16.50 2017
71 Malta 16.00 2017
71 Tonga 16.00 2017
71 Comoros 16.00 2017
74 Syrian Arab Republic 15.50 2017
75 Iran 15.00 2017
75 Lebanon 15.00 2017
75 Barbados 15.00 2017
78 Grenada 14.80 2017
79 Egypt 14.50 2017
80 Nicaragua 14.00 2017
80 Djibouti 14.00 2017
80 Ghana 14.00 2017
80 Finland 14.00 2017
80 Myanmar 14.00 2017
85 Honduras 13.00 2017
85 Burkina Faso 13.00 2017
85 Spain 13.00 2017
88 Greece 12.50 2017
88 San Marino 12.50 2017
88 Jordan 12.50 2017
88 Brunei 12.50 2017
88 Slovak Republic 12.50 2017
93 Japan 12.20 2017
94 Romania 12.00 2017
94 Israel 12.00 2017
94 Bhutan 12.00 2017
94 Dominica 12.00 2017
98 Iceland 11.40 2017
99 Cabo Verde 11.00 2017
99 St. Lucia 11.00 2017
99 Sierra Leone 11.00 2017
99 Colombia 11.00 2017
99 Tajikistan 11.00 2017
99 Tunisia 11.00 2017
105 Trinidad and Tobago 10.50 2017
105 Germany 10.50 2017
107 Russia 10.10 2017
108 Montenegro 10.00 2017
108 Mongolia 10.00 2017
108 Switzerland 10.00 2017
108 St. Vincent and the Grenadines 10.00 2017
108 Kyrgyz Republic 10.00 2017
113 Bahrain 9.30 2017
114 Czech Republic 9.00 2017
114 Timor-Leste 9.00 2017
114 Solomon Islands 9.00 2017
114 Morocco 9.00 2017
114 Kazakhstan 9.00 2017
114 Sri Lanka 9.00 2017
120 Samoa 8.90 2017
121 Qatar 8.70 2017
122 Benin 8.50 2017
122 Zambia 8.50 2017
122 Guinea-Bissau 8.50 2017
122 Mali 8.50 2017
126 Mexico 8.40 2017
127 United Arab Emirates 8.20 2017
128 Guinea 8.00 2017
128 Madagascar 8.00 2017
130 Afghanistan 7.50 2017
131 São Tomé and Principe 7.00 2017
131 Macedonia 7.00 2017
131 Hungary 7.00 2017
131 Croatia 7.00 2017
131 Slovenia 7.00 2017
131 Dem. Rep. Congo 7.00 2017
131 Côte d'Ivoire 7.00 2017
131 Niger 7.00 2017
131 Sweden 7.00 2017
140 Italy 6.50 2017
140 Uruguay 6.50 2017
140 Turkey 6.50 2017
140 Ukraine 6.50 2017
144 Oman 6.30 2017
145 Panama 6.00 2017
145 Senegal 6.00 2017
145 Cyprus 6.00 2017
145 Togo 6.00 2017
145 Liberia 6.00 2017
145 Mauritania 6.00 2017
151 United States 5.60 2017
152 Puerto Rico 5.50 2017
152 Serbia 5.50 2017
152 Lithuania 5.50 2017
152 Chile 5.50 2017
152 Latvia 5.50 2017
152 Mauritius 5.50 2017
158 Uzbekistan 5.00 2017
158 Ireland 5.00 2017
158 Moldova 5.00 2017
158 Belarus 5.00 2017
158 Albania 5.00 2017
158 Portugal 5.00 2017
164 Armenia 4.50 2017
164 Azerbaijan 4.50 2017
164 United Kingdom 4.50 2017
164 Thailand 4.50 2017
168 Korea 4.00 2017
168 Burundi 4.00 2017
168 Belgium 4.00 2017
168 Norway 4.00 2017
168 Rwanda 4.00 2017
173 Denmark 3.50 2017
173 Netherlands 3.50 2017
173 France 3.50 2017
173 Estonia 3.50 2017
177 Jamaica 3.00 2017
178 Australia 2.50 2017
178 Singapore 2.50 2017
180 Georgia 2.00 2017
181 Canada 1.50 2017
181 Hong Kong SAR, China 1.50 2017
183 New Zealand 0.50 2017

More rankings: Africa | Asia | Central America & the Caribbean | Europe | Middle East | North America | Oceania | South America | World |

Development Relevance: The economic health of a country is measured not only in macroeconomic terms but also by other factors that shape daily economic activity such as laws, regulations, and institutional arrangements. The data measure business regulation, gauge regulatory outcomes, and measure the extent of legal protection of property, the flexibility of employment regulation, and the tax burden on businesses. The fundamental premise of this data is that economic activity requires good rules and regulations that are efficient, accessible to all who need to use them, and simple to implement. Thus sometimes there is more emphasis on more regulation, such as stricter disclosure requirements in related-party transactions, and other times emphasis is on for simplified regulations, such as a one-stop shop for completing business startup formalities. Entrepreneurs may not be aware of all required procedures or may avoid legally required procedures altogether. But where regulation is particularly onerous, levels of informality are higher, which comes at a cost: firms in the informal sector usually grow more slowly, have less access to credit, and employ fewer workers - and those workers remain outside the protections of labor law. The indicator can help policymakers understand the business environment in a country and - along with information from other sources such as the World Bank's Enterprise Surveys - provide insights into potential areas of reform.

Limitations and Exceptions: The Doing Business methodology has limitations that should be considered when interpreting the data. First, the data collected refer to businesses in the economy's largest city and may not represent regulations in other locations of the economy. To address this limitation, subnational indicators are being collected for selected economies. These subnational studies point to significant differences in the speed of reform and the ease of doing business across cities in the same economy. Second, the data often focus on a specific business form - generally a limited liability company of a specified size - and may not represent regulation for other types of businesses such as sole proprietorships. Third, transactions described in a standardized business case refer to a specific set of issues and may not represent the full set of issues a business encounters. Fourth, the time measures involve an element of judgment by the expert respondents. When sources indicate different estimates, the Doing Business time indicators represent the median values of several responses given under the assumptions of the standardized case. Fifth, the methodology assumes that a business has full information on what is required and does not waste time when completing procedures.

Statistical Concept and Methodology: Data are collected by the World Bank with a standardized survey that uses a simple business case to ensure comparability across economies and over time - with assumptions about the legal form of the business, its size, its location, and nature of its operation. Surveys are administered through more than 9,000 local experts, including lawyers, business consultants, accountants, freight forwarders, government officials, and other professionals who routinely administer or advise on legal and regulatory requirements. Entrepreneurs around the world face a range of challenges. One of them is inefficient regulation. The indicator measures the procedures, time, cost and paid-in minimum capital required for a small or medium-size limited liability company to start up and formally operate. The Doing Business project of the World Bank encompasses two types of data: data from readings of laws and regulations and data on time and motion indicators that measure efficiency in achieving a regulatory goal. Within the time and motion indicators cost estimates are recorded from official fee schedules where applicable. The data from surveys are subjected to numerous tests for robustness, which lead to revision or expansion of the information collected.

Aggregation method: Unweighted average

Periodicity: Annual

General Comments: Data are presented for the survey year instead of publication year.