Registered capital in new companies rises 1,000pct

A total of 1,226 new companies were incorporated in the fourth quarter of 2017, an increase of 179 year-on- year, with the total value of registered capital rising 71.8 percent to MOP597 million. Companies in dissolution during the fourth quarter numbered 225, an increase of 32 year-on-year, with their value amounting to MOP27 million.

According to the Statistics and Census Service (DSEC), capital for these new companies came mostly from mainland China (MOP459 million), with MOP31 million coming from the nine provinces of the Pan-Pearl River Delta Region, of which Guangdong Province accounted for MOP30.6 million. Capital from Macau and Hong Kong totaled MOP106 million and MOP25 million respectively.

Analyzed by ownership, there were 823 new companies established solely by Macau shareholders, and 134 joint ventures between shareholders from Macau and other countries or territories.

For the whole of 2017, the number of newly incorporated companies rose by 785 year- on-year to 5,177, reversing the decline of the previous two years. The total value of registered capital increased by more than 1,000 percent to MOP8.2 billion. According to DSEC, the steep rise may be attributed to the incorporation of companies with large capital in the financial services sector.

Over the same period, the number of companies in dissolution totaled 803 in 2017, with the value of registered capital of companies in dissolution amounting to MOP146 million.

Analyzed by size of registered capital, there were 3,828 new companies (73.9 percent of total) registered with capital under MOP50,000,  with their combined worth amounted to MOP100 million (1.2 percent of total). There were 111 new companies registered with capital of MOP1 million or over, and the total value of capital for companies in this category amounted to MOP7.9 billion.