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Time Required to Close a Business

Time Required to Close a Business
Country nameTime (years)Recovery rate (cents on the dollar)Cost (% of estate)
Ireland0.486.69
Japan0.692.54
Canada0.888.74
Singapore0.891.31
Belgium0.986.34
Finland0.987.34
Norway0.9891
Australia178.88
Belize163.423
Iceland176.64
Palau138.223
Solomon Islands123.638
Spain173.215
United Kingdom184.26
Austria1.171.518
Denmark1.186.54
Hong Kong1.179.89
Jamaica1.164.518
Netherlands1.182.74
Germany1.252.28
New Zealand1.376.24
Tunisia1.352.37
Cyprus1.570.715
Kazakhstan1.540.615
Korea, South1.580.54
Lithuania1.549.47
Namibia1.539.515
Saudi Arabia1.537.522
United States1.576.77
Botswana1.760.315
China1.735.322
Mauritius1.733.615
Sri Lanka1.743.45
Bolivia1.837.315
Fiji1.820.138
Italy1.856.622
Mexico1.864.218
Morocco1.835.118
Armenia1.941.84
France1.944.79
Ghana1.92422
Taiwan1.980.94
Greece244.29
Hungary238.415
Kosovo256.815
Luxembourg241.715
Marshall Islands217.938
Montenegro243.78
Nigeria22822
Portugal269.49
Slovenia245.58
South Africa232.218
Saint Lucia242.99
Swaziland234.915
Sweden275.19
Uruguay2.1437
Côte d'Ivoire2.23418
Nicaragua2.234.315
Uganda2.241.130
Malaysia2.338.615
Algeria2.541.77
Bahrain2.563.210
Brunei2.547.24
Panama2.532.418
Samoa2.514.338
Lesotho2.633.98
Malawi2.617.525
Sierra Leone2.68.542
Vanuatu2.641.238
Azerbaijan2.730.18
Serbia2.725.423
Thailand2.742.436
Tonga2.725.222
Zambia2.730.29
Argentina2.829.812
Moldova2.828.69
Pakistan2.839.24
Qatar2.852.722
Macedonia [FYROM]2.920.928
Ukraine2.99.142
Antigua and Barbuda335.57
Colombia352.81
Congo, Republic of the320.424
Estonia337.59
Ethiopia332.215
Gambia, The319.515
Guatemala328.215
Guyana317.629
Latvia32913
Liberia38.343
Papua New Guinea324.723
Poland329.820
Senegal331.67
Switzerland346.84
Tajikistan325.49
Tanzania321.322
Togo326.615
Yemen328.68
Croatia3.130.515
Peru3.125.47
Cameroon3.225.515
Bosnia and Herzegovina3.335.99
Bulgaria3.332.19
Georgia3.327.94
Romania3.328.511
Turkey3.320.215
Zimbabwe3.3022
Costa Rica3.525.415
Dominican Republic3.58.938
Mali3.620.918
Guinea3.8228
Honduras3.820.815
Puerto Rico3.855.28
Russia3.828.29
Paraguay3.920.79
Bangladesh423.28
Benin416.722
Brazil417.112
Burkina Faso421.79
El Salvador430.89
Israel444.923
Kyrgyzstan414.215
Lebanon41922
Mongolia4228
Oman435.14
Slovakia445.918
Uzbekistan418.710
Venezuela4638
Syria4.129.59
Egypt4.216.822
Kuwait4.234.51
Jordan4.327.39
Chile4.521.315
Iran4.523.19
Kenya4.531.622
Central African Republic4.8076
Bahamas, The554.74
Djibouti515.918
Gabon515.215
Mozambique515.29
Nepal524.59
Niger51418
Suriname58.130
Vietnam51815
United Arab Emirates5.110.230
Congo, Democratic Republic of the5.25.429
Ecuador5.316.118
Micronesia, Federated States of5.33.538
Indonesia5.513.718
Haiti5.72.730
Philippines5.74.438
Belarus5.833.422
Angola6.21022
Czech Republic6.520.915
Maldives6.718.24
India715.19
Mauritania86.79
Afghanistanno practice00
Albaniano practice00
Bhutanno practice00
Burundino practice00
Cambodiano practice00
Cape Verdeno practice00
Chadno practice00
Comorosno practice00
Dominicano practice00
Equatorial Guineano practice00
Eritreano practice00
Grenadano practice00
Guinea-Bissauno practice00
Iraqno practice00
Kiribatino practice00
Laosno practice00
Madagascarno practice00
Rwandano practice00
Sao Tome and Principeno practice00
Seychellesno practice00
Saint Kitts and Nevisno practice00
Saint Vincent and the Grenadinesno practice00
Sudanno practice00
Timor-Lesteno practice00
Trinidad and Tobagono practice00
Palestinian territoriesno practice00
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