More companies in 2025 as wholesale, retail trade leads the increase

The number of companies in Macau in 2025 increased slightly year-over-year, according to the Statistics and Census Service (DSEC).

A total of 4,678 new companies were incorporated in 2025, that is 123 more than in the previous year.

According to the official statistics release, the majority of the new companies were engaged in Wholesale & Retail Trade and Business Services, with 1,640 and 1,352, respectively.

On the other hand, the number of companies in dissolution totaled 946 in 2025, resulting in a net increase of 3,732, up 275 from the previous year.

The total value of registered capital of the new companies stood at MOP545 million in 2025.

By registered capital size, 3,430 new companies (73.3% of the total) had capital under MOP50,000, and the corresponding capital value (MOP88 million) accounted for 16.2% of the total.

Meanwhile, 52 new companies were registered with a capital of MOP1 million or more, and the total capital (MOP287 million) accounted for 52.7% of the total.

As regards the origin of capital of the newly incorporated companies, capital from Macau and the Chinese mainland stood at MOP76 million and MOP32 million, respectively, representing 61.2% and 26% of the total. Capital originating from Mainland cities in the Greater Bay Area amounted to MOP10 million, with Zhuhai accounting for 45.7%, almost the same as the capital from the Hong Kong region, which totaled MOP9 million.

Analyzed by quarter, the numbers of newly incorporated companies and companies in dissolution totaled 1,401 and 233, respectively, in the fourth quarter (Q4) of 2025. The number of companies increased by 1,168 in this quarter, indicating a relative acceleration at the end of the year compared with previous quarters.