Panama vs Ukraine: Time required to start a business

Panama

6 days

in 2019

Ukraine

6.5 days

in 2019

Panama rank

150th

Ukraine rank

147th

Time required to start a business over time

Ukraine currently reports 6.5 days against 6 days in Panama, a difference of 0.5 days.

That makes Ukraine's figure about 1.1 times Panama's.

Across all 17 years both countries report, Ukraine has been ahead every year.

Panama ranks 150th and Ukraine ranks 147th of 188 countries.

Indicator: Time required to start a business
Unit: days
Source: Doing Business project, World Bank (2025) – processed by Our World in Data
Licence: CC BY 4.0 (Our World in Data)
Coverage: 188 places, 2,945 data points, 2003–2019
Last refreshed: 07 August 2026

Number of calendar days needed to complete the procedures to legally operate a business.