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Government Statistics > Time required to start a business > days (2005) by country

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Showing values for 2005. Select another time period:
Rank   Countries  Amount  Date  
# 1     Haiti: 203 days   2005 Time series
# 2     Laos: 198 days   2005 Time series
# 3     Congo, Democratic Republic of the: 155 days   2005 Time series
# 4     Mozambique: 153 days   2005 Time series
# 5     Brazil: 152 days   2005 Time series
# 6     Indonesia: 151 days   2005 Time series
# 7     São Tomé and Príncipe: 144 days   2005 Time series
# 8     Venezuela: 141 days   2005 Time series
# 9     Angola: 124 days   2005 Time series
# 10     Azerbaijan: 115 days   2005 Time series
# 11     Botswana: 108 days   2005 Time series
# 12     Peru: 102 days   2005 Time series
# 13     Zimbabwe: 96 days   2005 Time series
# 14     Namibia: 95 days   2005 Time series
# 15     Lesotho: 92 days   2005 Time series
# 16     East Timor: 92 days   2005 Time series
# 17     Cambodia: 86 days   2005 Time series
# 18     Mauritania: 82 days   2005 Time series
# 19     Ghana: 81 days   2005 Time series
# 20     Belarus: 79 days   2005 Time series
# 21     Iraq: 77 days   2005 Time series
# 22     Costa Rica: 77 days   2005 Time series
# 23     Eritrea: 76 days   2005 Time series
# 24     Chad: 75 days   2005 Time series
# 25     Dominican Republic: 75 days   2005 Time series
# 26     Paraguay: 74 days   2005 Time series
# 27     India: 71 days   2005 Time series
# 28     Congo, Republic of the: 71 days   2005 Time series
# 29     Ecuador: 69 days   2005 Time series
# 30     Saudi Arabia: 64 days   2005 Time series
# 31     United Arab Emirates: 63 days   2005 Time series
# 32     Yemen: 63 days   2005 Time series
# 33     Bhutan: 62 days   2005 Time series
# 34     Honduras: 62 days   2005 Time series
# 35     Slovenia: 60 days   2005 Time series
# 36     Senegal: 58 days   2005 Time series
# 37     Mexico: 58 days   2005 Time series
# 38     Solomon Islands: 57 days   2005 Time series
# 39     Papua New Guinea: 56 days   2005 Time series
# 40     Kenya: 54 days   2005 Time series
# 41     Bosnia and Herzegovina: 54 days   2005 Time series
# 42     Portugal: 54 days   2005 Time series
# 43     Togo: 53 days   2005 Time series
# 44     Sri Lanka: 50 days   2005 Time series
# 45     Vietnam: 50 days   2005 Time series
# 46     Bolivia: 50 days   2005 Time series
# 47     Guinea: 49 days   2005 Time series
# 48     Croatia: 49 days   2005 Time series
# 49     Philippines: 48 days   2005 Time series
# 50     Macedonia, Republic of: 48 days   2005 Time series
# 51     China: 48 days   2005 Time series
# 52     Iran: 47 days   2005 Time series
# 53     Spain: 47 days   2005 Time series
# 54     Guyana: 46 days   2005 Time series
# 55     Fiji: 46 days   2005 Time series
# 56     Mauritius: 46 days   2005 Time series
# 57     Lebanon: 46 days   2005 Time series
# 58     Côte d'Ivoire: 45 days   2005 Time series
# 59     Burkina Faso: 45 days   2005 Time series
# 60     Uruguay: 45 days   2005 Time series
# 61     Colombia: 43 days   2005 Time series
# 62     Burundi: 43 days   2005 Time series
# 63     Nigeria: 43 days   2005 Time series
# 64     Syria: 43 days   2005 Time series
# 65     Mali: 42 days   2005 Time series
# 66     Albania: 41 days   2005 Time series
# 67     Czech Republic: 40 days   2005 Time series
# 68     El Salvador: 40 days   2005 Time series
# 69     Vanuatu: 39 days   2005 Time series
# 70     Sudan: 39 days   2005 Time series
# 71     Nicaragua: 39 days   2005 Time series
# 72     Guatemala: 39 days   2005 Time series
# 73     Madagascar: 38 days   2005 Time series
# 74     Hungary: 38 days   2005 Time series
# 75     Greece: 38 days   2005 Time series
# 76     Cameroon: 37 days   2005 Time series
# 77     Bangladesh: 37 days   2005 Time series
# 78     Malawi: 37 days   2005 Time series
# 79     Uganda: 36 days   2005 Time series
# 80     Kuwait: 35 days   2005 Time series
# 81     Niger: 35 days   2005 Time series
# 82     Zambia: 35 days   2005 Time series
# 83     Samoa: 35 days   2005 Time series
# 84     South Africa: 35 days   2005 Time series
# 85     Estonia: 35 days   2005 Time series
# 86     Ukraine: 34 days   2005 Time series
# 87     Belgium: 34 days   2005 Time series
# 88     Israel: 34 days   2005 Time series
# 89     Oman: 34 days   2005 Time series
# 90     Thailand: 33 days   2005 Time series
# 91     Russia: 33 days   2005 Time series
# 92     Bulgaria: 32 days   2005 Time series
# 93     Argentina: 32 days   2005 Time series
# 94     Tonga: 32 days   2005 Time series
# 95     Ethiopia: 32 days   2005 Time series
# 96     Tanzania: 31 days   2005 Time series
# 97     Japan: 31 days   2005 Time series
# 98     Nepal: 31 days   2005 Time series
# 99     Benin: 31 days   2005 Time series
# 100     Poland: 31 days   2005 Time series
# 101     Moldova: 30 days   2005 Time series
# 102     Malaysia: 30 days   2005 Time series
# 103     Uzbekistan: 29 days   2005 Time series
# 104     Austria: 29 days   2005 Time series
# 105     Chile: 27 days   2005 Time series
# 106     Lithuania: 26 days   2005 Time series
# 107     Sierra Leone: 26 days   2005 Time series
# 108     Slovakia: 25 days   2005 Time series
# 109     Armenia: 25 days   2005 Time series
# 110     Algeria: 24 days   2005 Time series
# 111     Ireland: 24 days   2005 Time series
# 112     Kazakhstan: 24 days   2005 Time series
# 113     Pakistan: 24 days   2005 Time series
# 114     Germany: 24 days   2005 Time series
# 115     Palau: 24 days   2005 Time series
# 116     Korea, South: 22 days   2005 Time series
# 117     Egypt: 22 days   2005 Time series
# 118     Georgia: 21 days   2005 Time series
# 119     Rwanda: 21 days   2005 Time series
# 120     Kiribati: 21 days   2005 Time series
# 121     Kyrgyzstan: 21 days   2005 Time series
# 122     Switzerland: 20 days   2005 Time series
# 123     Mongolia: 20 days   2005 Time series
# 124     Panama: 19 days   2005 Time series
# 125     United Kingdom: 18 days   2005 Time series
# 126     Jordan: 18 days   2005 Time series
# 127     Marshall Islands: 17 days   2005 Time series
# 128     Micronesia, Federated States of: 16 days   2005 Time series
# 129     Latvia: 16 days   2005 Time series
# 130     Sweden: 16 days   2005 Time series
# 131     Central African Republic: 14 days   2005 Time series
# 132     Finland: 14 days   2005 Time series
# 133     Norway: 13 days   2005 Time series
# 134     Italy: 13 days   2005 Time series
# 135     Maldives: 13 days   2005 Time series
# 136     Morocco: 12 days   2005 Time series
# 137     New Zealand: 12 days   2005 Time series
# 138     Tunisia: 11 days   2005 Time series
# 139     Hong Kong: 11 days   2005 Time series
# 140     Romania: 11 days   2005 Time series
# 141     Netherlands: 11 days   2005 Time series
# 142     Turkey: 9 days   2005 Time series
# 143     Jamaica: 8 days   2005 Time series
# 144     Afghanistan: 8 days   2005 Time series
# 145     France: 8 days   2005 Time series
# 146     Puerto Rico: 7 days   2005 Time series
# 147     Singapore: 6 days   2005 Time series
# 148     Iceland: 5 days   2005 Time series
# 149     Denmark: 5 days   2005 Time series
# 150     United States: 5 days   2005 Time series
# 151     Canada: 3 days   2005 Time series
# 152     Australia: 2 days   2005 Time series
Weighted average: 46.5 days  


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 Development Indicators database

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See this stat for year: 2006 2005 2004 2003

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CITATION

"Time required to start a business > days (2005) by country", World Development Indicators database. Retrieved from http://www.NationMaster.com/graph/gov_tim_req_to_sta_a_bus_day-time-required-start-business-days&date=2005

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COMMENTARY     

Roger Conklin
8th November 2010 		These statistics are important but if your are a US citizen contemplating opening a business in a foreign country you will find that the most significant barrier is not the number of days it takes to fulfill the requirements for doing so in that country, but the barriers erected by the US tax legislation. Under the controlled foreign corporation provisions of the US tax code you must, in addition to complying with foreign law to establish and maintain your acounting records in local currency, you must also establish a parallel accounting system in US dollars by converting local currency values to dollars and constantly correcting this conversion as exchange rates vary. And also you must not only pay income taxes to the foreign country you must also pay income tax in US dollars to the IRS. Almost always the tax laws in foreign countries are so vastly different from US law that, with the currently depreciating value of the US dollar, you will discover, for example, that although the local currency books might show a loss, the US dollar books may well show a profit on which you are subject to US tax.

For the individual US entrepreneur who is contemplating moving abroad, for example, for the purpose of setting up a company to sell US exports in that country, you will discover that th massive additional accounting cost plus the double taxation imposed by the US in reality makes it extremely difficult, if not impossible, for the US citizen to establish and operate a business abroad. No other country in the world imposes this double taxation on its citizens who leave their home country to go abroad to sell home-country exports. This is the prime reason why the US is the only developed industrialized nation in the world with a massive foreign trade deficit. This barrier, erected by our own Congress, is much more of a barrier to US exports than those erected by foreign countries. If there was ever a wall that needs to be torn down to create American jobs manufacturing for export, this is it.
Diego Remus
3rd June 2010 		For almost one year, there is a new law here in Brazil that allows you to instantly (I mean, with a click) start your own business in the "Individual Entrepreneur" category. It's a very simplified solution to formalize millions of people who do some economic activity but don't have Labor Law or conditions to open a small or micro business.

http://www.portaldoempreendedor.gov.br

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