In this study, the effects of decarburization annealing time on the primary recrystallization microstructure, the texture and the magnetic properties of the final product of 0.047% Nb low-temperature grain-oriented silicon steel were investigated by means of OM, EBSD and XRD. The results show that when the decarburization annealing condition is 850 °C for 5 min, the uniform fine primary recrystallization microstructure can be obtained, and the content of favorable texture {111} < 112 > is the highest while that of unfavorable texture {110} < 112 > is the lowest, which is mostly distributed near the central layer. At the same time, there are the most high-energy grain boundaries with high mobility in the primary recrystallization microstructure of the sample annealed at 850 °C for 5 min, and the ∑9 boundary has the highest percentage of grain boundaries. The samples with different decarburization annealing time were annealed at high temperature. It was found that perfect secondary recrystallization occurred after high-temperature annealing when the decarburization annealing condition was 850 °C for 5 min. The texture component was characterized by a single Goss texture, and the size of the Goss grain reached 4.6mm. Under such annealing conditions, the sample obtained shows the optimal soft magnetic properties of B800 = 1.89T and P1.7/50 = 1.33 w/kg.