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Government Statistics > Time required to start a business > days (2006) by country

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Showing values for 2006. Select another time period:
Rank   Countries  Amount  Date  
# 1     Suriname: 694 days   2006 Time series
# 2     Guinea-Bissau: 233 days   2006 Time series
# 3     Haiti: 203 days   2006 Time series
# 4     Laos: 163 days   2006 Time series
# 5     Congo, Democratic Republic of the: 155 days   2006 Time series
# 6     Brazil: 152 days   2006 Time series
# 7     São Tomé and Príncipe: 144 days   2006 Time series
# 8     Venezuela: 141 days   2006 Time series
# 9     Equatorial Guinea: 136 days   2006 Time series
# 10     Angola: 124 days   2006 Time series
# 11     Mozambique: 113 days   2006 Time series
# 12     Botswana: 108 days   2006 Time series
# 13     Indonesia: 97 days   2006 Time series
# 14     Zimbabwe: 96 days   2006 Time series
# 15     Namibia: 95 days   2006 Time series
# 16     East Timor: 92 days   2006 Time series
# 17     Cambodia: 86 days   2006 Time series
# 18     Mauritania: 82 days   2006 Time series
# 19     Ghana: 81 days   2006 Time series
# 20     Costa Rica: 77 days   2006 Time series
# 21     Iraq: 77 days   2006 Time series
# 22     Eritrea: 76 days   2006 Time series
# 23     Chad: 75 days   2006 Time series
# 24     Paraguay: 74 days   2006 Time series
# 25     Dominican Republic: 73 days   2006 Time series
# 26     Lesotho: 73 days   2006 Time series
# 27     Peru: 72 days   2006 Time series
# 28     Congo, Republic of the: 71 days   2006 Time series
# 29     Belarus: 69 days   2006 Time series
# 30     Tajikistan: 67 days   2006 Time series
# 31     Ecuador: 65 days   2006 Time series
# 32     Yemen: 63 days   2006 Time series
# 33     United Arab Emirates: 63 days   2006 Time series
# 34     Bhutan: 62 days   2006 Time series
# 35     Swaziland: 61 days   2006 Time series
# 36     Slovenia: 60 days   2006 Time series
# 37     Gabon: 60 days   2006 Time series
# 38     Senegal: 58 days   2006 Time series
# 39     Solomon Islands: 57 days   2006 Time series
# 40     Papua New Guinea: 56 days   2006 Time series
# 41     Bosnia and Herzegovina: 54 days   2006 Time series
# 42     Kenya: 54 days   2006 Time series
# 43     Togo: 53 days   2006 Time series
# 44     Azerbaijan: 53 days   2006 Time series
# 45     Cape Verde: 52 days   2006 Time series
# 46     Grenada: 52 days   2006 Time series
# 47     Bolivia: 50 days   2006 Time series
# 48     Sri Lanka: 50 days   2006 Time series
# 49     Vietnam: 50 days   2006 Time series
# 50     Guinea: 49 days   2006 Time series
# 51     Philippines: 48 days   2006 Time series
# 52     Saint Kitts and Nevis: 47 days   2006 Time series
# 53     Iran: 47 days   2006 Time series
# 54     Spain: 47 days   2006 Time series
# 55     Fiji: 46 days   2006 Time series
# 56     Guyana: 46 days   2006 Time series
# 57     Mauritius: 46 days   2006 Time series
# 58     Lebanon: 46 days   2006 Time series
# 59     Côte d'Ivoire: 45 days   2006 Time series
# 60     Belize: 45 days   2006 Time series
# 61     Croatia: 45 days   2006 Time series
# 62     Colombia: 44 days   2006 Time series
# 63     Honduras: 44 days   2006 Time series
# 64     Nigeria: 43 days   2006 Time series
# 65     Uruguay: 43 days   2006 Time series
# 66     Trinidad and Tobago: 43 days   2006 Time series
# 67     Burundi: 43 days   2006 Time series
# 68     Syria: 43 days   2006 Time series
# 69     Mali: 42 days   2006 Time series
# 70     Saint Lucia: 40 days   2006 Time series
# 71     Vanuatu: 39 days   2006 Time series
# 72     Nicaragua: 39 days   2006 Time series
# 73     Saudi Arabia: 39 days   2006 Time series
# 74     Sudan: 39 days   2006 Time series
# 75     Albania: 39 days   2006 Time series
# 76     Seychelles: 38 days   2006 Time series
# 77     Greece: 38 days   2006 Time series
# 78     Hungary: 38 days   2006 Time series
# 79     Cameroon: 37 days   2006 Time series
# 80     Malawi: 37 days   2006 Time series
# 81     Djibouti: 37 days   2006 Time series
# 82     Bangladesh: 37 days   2006 Time series
# 83     Estonia: 35 days   2006 Time series
# 84     India: 35 days   2006 Time series
# 85     Kuwait: 35 days   2006 Time series
# 86     Zambia: 35 days   2006 Time series
# 87     China: 35 days   2006 Time series
# 88     Samoa: 35 days   2006 Time series
# 89     South Africa: 35 days   2006 Time series
# 90     Burkina Faso: 34 days   2006 Time series
# 91     Israel: 34 days   2006 Time series
# 92     Oman: 34 days   2006 Time series
# 93     Ukraine: 33 days   2006 Time series
# 94     Thailand: 33 days   2006 Time series
# 95     Bulgaria: 32 days   2006 Time series
# 96     Tonga: 32 days   2006 Time series
# 97     Argentina: 32 days   2006 Time series
# 98     Nepal: 31 days   2006 Time series
# 99     Poland: 31 days   2006 Time series
# 100     Benin: 31 days   2006 Time series
# 101     Tanzania: 30 days   2006 Time series
# 102     Malaysia: 30 days   2006 Time series
# 103     Moldova: 30 days   2006 Time series
# 104     Uganda: 30 days   2006 Time series
# 105     Guatemala: 30 days   2006 Time series
# 106     Uzbekistan: 29 days   2006 Time series
# 107     Austria: 29 days   2006 Time series
# 108     Russia: 28 days   2006 Time series
# 109     Palau: 28 days   2006 Time series
# 110     Chile: 27 days   2006 Time series
# 111     Gambia, The: 27 days   2006 Time series
# 112     Mexico: 27 days   2006 Time series
# 113     Belgium: 27 days   2006 Time series
# 114     Sierra Leone: 26 days   2006 Time series
# 115     Lithuania: 26 days   2006 Time series
# 116     El Salvador: 26 days   2006 Time series
# 117     Slovakia: 25 days   2006 Time series
# 118     Czech Republic: 24 days   2006 Time series
# 119     Niger: 24 days   2006 Time series
# 120     Pakistan: 24 days   2006 Time series
# 121     Armenia: 24 days   2006 Time series
# 122     Germany: 24 days   2006 Time series
# 123     Algeria: 24 days   2006 Time series
# 124     Comoros: 23 days   2006 Time series
# 125     Japan: 23 days   2006 Time series
# 126     Korea, South: 22 days   2006 Time series
# 127     Antigua and Barbuda: 21 days   2006 Time series
# 128     Kiribati: 21 days   2006 Time series
# 129     Madagascar: 21 days   2006 Time series
# 130     Kyrgyzstan: 21 days   2006 Time series
# 131     Kazakhstan: 20 days   2006 Time series
# 132     Switzerland: 20 days   2006 Time series
# 133     Mongolia: 20 days   2006 Time series
# 134     Panama: 19 days   2006 Time series
# 135     Dominica: 19 days   2006 Time series
# 136     Egypt: 19 days   2006 Time series
# 137     Ireland: 19 days   2006 Time series
# 138     Macedonia, Republic of: 18 days   2006 Time series
# 139     Jordan: 18 days   2006 Time series
# 140     United Kingdom: 18 days   2006 Time series
# 141     Marshall Islands: 17 days   2006 Time series
# 142     Ethiopia: 16 days   2006 Time series
# 143     Micronesia, Federated States of: 16 days   2006 Time series
# 144     Sweden: 16 days   2006 Time series
# 145     Georgia: 16 days   2006 Time series
# 146     Rwanda: 16 days   2006 Time series
# 147     Latvia: 16 days   2006 Time series
# 148     Finland: 14 days   2006 Time series
# 149     Central African Republic: 14 days   2006 Time series
# 150     Norway: 13 days   2006 Time series
# 151     Maldives: 13 days   2006 Time series
# 152     Italy: 13 days   2006 Time series
# 153     Morocco: 12 days   2006 Time series
# 154     New Zealand: 12 days   2006 Time series
# 155     Saint Vincent and the Grenadines: 12 days   2006 Time series
# 156     Tunisia: 11 days   2006 Time series
# 157     Hong Kong: 11 days   2006 Time series
# 158     Romania: 11 days   2006 Time series
# 159     Netherlands: 10 days   2006 Time series
# 160     Turkey: 9 days   2006 Time series
# 161     France: 8 days   2006 Time series
# 162     Jamaica: 8 days   2006 Time series
# 163     Afghanistan: 8 days   2006 Time series
# 164     Portugal: 8 days   2006 Time series
# 165     Puerto Rico: 7 days   2006 Time series
# 166     Singapore: 6 days   2006 Time series
# 167     Iceland: 5 days   2006 Time series
# 168     Denmark: 5 days   2006 Time series
# 169     United States: 5 days   2006 Time series
# 170     Canada: 3 days   2006 Time series
# 171     Australia: 2 days   2006 Time series
Weighted average: 47.8 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

See also

See this stat for year: 2006 2005 2004 2003

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CITATION

"Time required to start a business > days (2006) 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=2006

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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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