Information from the Statistics and Census Service (DSEC) indicated that a total of 1,720 new companies were incorporated in the third quarter of 2020, an increase of 294 year-on-year. Newly incorporated companies operating in Wholesale & Retail Trade and Business Services totalled 646 and 417 respectively. Total value of registered capital fell by 80.5% year-on-year to MOP105 million. Meanwhile, there were 165 companies in dissolution in the third quarter, and the value of registered capital of these companies amounted to MOP64 million.
In terms of origin of capital, Macao contributed MOP66 million to the capital of newly incorporated companies, accounting for 62.6% of the total. Capital from Hong Kong amounted to MOP17 million. Capital from mainland China totalled MOP12 million, of which 57.4% came from the Mainland cities in the Greater Bay Area. Analysed by combination of shareholders, 1,477 new companies were established solely by Macao shareholders, while 86 were joint ventures between shareholders from Macao and other countries or regions.
Analysed by size of registered capital, there were 1,376 new companies registered with capital under MOP50,000 (80.0% of total), and the total value of capital was MOP36 million (34.0% of total). Meanwhile, 8 new companies were registered with capital of MOP1 million or over, and the total value of capital amounted to MOP26 million (24.8%).
In the first three quarters of 2020, a total of 4,158 new companies were incorporated, down by 11.6% year-on-year; total value of registered capital fell by 88.2% to MOP464 million. Number of companies in dissolution totalled 503, and the value of registered capital of these companies amounted to MOP170 million.
At the end of the third quarter of 2020, number of registered companies in Macao totalled 75,095, an increase of 4,852 from a year earlier.
(Statistics and Census Service)
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