Time required to start a business in Colombia

Colombia: Time required to start a business was 10 days in 2019. ◆ Volatile

Latest (2019)
10 days
Change on year
down 9.1%
World rank
111th
of 188 countries
All-time high
44 days
in 2003
All-time low
10 days
in 2019
Years of data
17
2003–2019

Time required to start a business in Colombia, 2003–2019

102030402003201120192003: 44 days2004: 41 days2005: 41 days2006: 42 days2007: 41 days2008: 35 days2009: 19 days2010: 11 days2011: 11 days2012: 12 days2013: 12 days2014: 12 days2015: 12 days2016: 11 days2017: 11 days2018: 11 days2019: 10 days

Source: Doing Business project, World Bank (2025) – processed by Our World in Data. Measured in days.

Analysis

Colombia recorded 10 days for time required to start a business in 2019. That is the lowest value across all 17 years on record.

The figure is down 9.1% on the previous year and down 47.4% over ten years.

Over the whole period, time required to start a business in Colombia peaked at 44 days in 2003 and was at its lowest, 10 days, in 2019.

Colombia ranks 111th of 188 countries on this measure, in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
2000s 37.57 days 19 days 44 days 7
2010s 11.3 days 10 days 12 days 10

Countries ranked near Colombia

  1. 108 Trinidad and Tobago 10.5 days compare
  2. 109 Saudi Arabia 10.4 days compare
  3. 110 Russia 10.1 days compare
  4. 111 Gabon 10 days compare
  5. 111 Kyrgyzstan 10 days compare
  6. 111 Niger 10 days compare
  7. 111 Saint Vincent and the Grenadines 10 days compare
  8. 111 Switzerland 10 days compare

See the full ranking of 188 places →

More reference data data for Colombia

All data for Colombia →

Frequently asked questions

What is time required to start a business in Colombia?
Time required to start a business in Colombia was 10 days in 2019, according to Doing Business project, World Bank (2025) – processed by Our World in Data.
What is the highest time required to start a business recorded in Colombia?
The highest recorded value was 44 days in 2003.
What is the lowest time required to start a business recorded in Colombia?
The lowest recorded value was 10 days in 2019.
How does Colombia rank for time required to start a business?
Colombia ranks 111th out of 188 countries with data for 2019.
Is time required to start a business rising or falling in Colombia?
Over the last ten years it is down 47.4%. The long-run trend across the full record is volatile.
Where does this Colombia data come from?
The figures come from Doing Business project, World Bank (2025) – processed by Our World in Data, published as part of Time required to start a business. Statizoid updates them automatically from the source API.

Download this data

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About this data

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

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