As per the source, the number of calendar days needed to complete all required procedures to legally operate a commercial or industrial firm are recorded by this indicator. Requirements may include obtaining necessary licenses and permits as well as completing any required.
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Time required to start a business APAC 2020 by country
The time required to start a business varied across the Asia Pacific region in 2020, with it taking *** days to start a business in Laos. Contrastingly, it took less than *** day to start a business in New Zealand, and ** days to start a business in Vietnam in 2020.
Leading businesses
Asia Pacific is a region full of diverse economies, all at different levels of progression. More progressive economies appear to take less time to start a business in their respective countries. It took less than *** days to start businesses in China and Singapore in 2020. These countries are home to some of the most valuable businesses globally, with China’s Alibaba Group amassing a revenue of over billion Chinese yuan (approximately **** billion U.S. dollars) as of 2019. Grab Holdings Inc., based in Singapore has also followed similar success of the Alibaba Group, experiencing huge revenues.
Starting a business in Asia Pacific
However, there may be other factors which contribute to business creation across the Asia Pacific region. The number of business taxes across Asia Pacific countries differs greatly. With less business taxes to pay in countries such as China, Vietnam, and Singapore there may be a bigger incentive to start a business. Yet, in countries with more business taxes to pay, starting a business may not seem as advantageous.
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World Bank. (December 7, 2021). Time required to start a business in the Asia-Pacific region in 2020, by country or territory (in days) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 31, 2026, from /statistics/731104/asia-pacific-time-required-to-start-a-business-by-country/
World Bank. "Time required to start a business in the Asia-Pacific region in 2020, by country or territory (in days)." Chart. December 7, 2021. ÌÇÐÄÆƽâ°æ. Accessed July 31, 2026. /statistics/731104/asia-pacific-time-required-to-start-a-business-by-country/
World Bank. (2021). Time required to start a business in the Asia-Pacific region in 2020, by country or territory (in days). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 31, 2026. /statistics/731104/asia-pacific-time-required-to-start-a-business-by-country/
World Bank. "Time Required to Start a Business in The Asia-pacific Region in 2020, by Country or Territory (in Days)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 7 Dec 2021, /statistics/731104/asia-pacific-time-required-to-start-a-business-by-country/
World Bank, Time required to start a business in the Asia-Pacific region in 2020, by country or territory (in days) ÌÇÐÄÆƽâ°æ, /statistics/731104/asia-pacific-time-required-to-start-a-business-by-country/ (last visited July 31, 2026)
Time required to start a business in the Asia-Pacific region in 2020, by country or territory (in days) [Graph], World Bank, December 7, 2021. [Online]. Available: /statistics/731104/asia-pacific-time-required-to-start-a-business-by-country/
