It Takes 25 Days to Start a Business in Indonesia

Economics & Macro

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28/10/2016 11:40 WIB

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Number of Days to Start a New Business in 10 Asia-Pacific Countries

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Number of Days to Start a New Business in 10 Asia-Pacific Countries

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To attract more investment into Indonesia, a competitive investment climate compared to other countries is needed. One way to achieve this is by reducing the time required to start a business.

According to the World Bank's *Doing Business 2017* report, it takes 24.9 days to start a business in Indonesia. This is longer than in Hong Kong, where it takes only 1.5 days, or Singapore, where it takes 2.5 days. Indonesia is even less efficient than Vietnam, which requires 24 days to start a new business.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."