Time required to start a business in Cyprus

Cyprus: Time required to start a business was 6 days in 2019. ▼ Falling

Latest (2019)
6 days
Change on year
unchanged
World rank
150th
of 188 countries
All-time high
8 days
in 2008
All-time low
6 days
in 2016
Years of data
12
2008–2019

Time required to start a business in Cyprus, 2008–2019

024682008201320192008: 8 days2009: 8 days2010: 8 days2011: 8 days2012: 8 days2013: 8 days2014: 8 days2015: 8 days2016: 6 days2017: 6 days2018: 6 days2019: 6 days

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

Analysis

In 2019, time required to start a business in Cyprus stood at 6 days. That is the lowest value across all 12 years on record.

The figure is down 25.0% over ten years.

Over the whole period, time required to start a business in Cyprus peaked at 8 days in 2008 and was at its lowest, 6 days, in 2016.

Cyprus ranks 150th of 188 countries on this measure, in the bottom quarter.

The long-run direction has been consistently falling across the 12 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s 8 days 8 days 8 days 2
2010s 7.2 days 6 days 8 days 10

Countries ranked near Cyprus

  1. 147 Portugal 6.5 days compare
  2. 147 Ukraine 6.5 days compare
  3. 147 Uruguay 6.5 days compare
  4. 150 Cote d'Ivoire 6 days compare
  5. 150 Mauritania 6 days compare
  6. 150 Panama 6 days compare
  7. 150 Senegal 6 days compare
  8. 150 Thailand 6 days compare

See the full ranking of 188 places →

More reference data data for Cyprus

All data for Cyprus →

Frequently asked questions

What is time required to start a business in Cyprus?
Time required to start a business in Cyprus was 6 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 Cyprus?
The highest recorded value was 8 days in 2008.
What is the lowest time required to start a business recorded in Cyprus?
The lowest recorded value was 6 days in 2016.
How does Cyprus rank for time required to start a business?
Cyprus ranks 150th out of 188 countries with data for 2019.
Is time required to start a business rising or falling in Cyprus?
Over the last ten years it is down 25.0%. The long-run trend across the full record is falling.
Where does this Cyprus 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

CSV · JSON — 12 observations, free to reuse under CC BY 4.0 (Our World in Data).

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.