How long does it take to setup a PS5 system?

Find out how much time do you need to set up your PS5 for the first time, update the system software and connect to PlayStation Network (PSN).^[1]https://www.playstation.com/en-gb/support/hardware/ps5-get-started-set-up/

1. Attach the PS5 base (5 minutes)
2. Connect PlayStation 5 console to a display (2 minutes)
3. After turning on the PS5 for the first time, follow the on-screen instructions to (5 minutes):
   1. Connect the controller to the system.
   2. Select your language.
   3. Set up your Internet connection.
   4. Adjust display settings
   5. Control power options for Rest Mode
   6. Read and accept the user agreement.
4. Connect PS5 console to the Internet (2 minutes)
5. Update the PS5 System Software, if a system software update is required (5 minutes)
6. Connect PS5 console to PSN (5 minutes)
7. Optional step: Transfer games and data from PS4 console (1-5 hours)

So the basic setup can take up to 30 minutes, but if you want to transfer games and data from PS4 to PS4 it can take up to 6 hours.

PS5 unboxing and setup guide