Macao records 778 new companies in Q2
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A total of 778 new companies were incorporated in Macao in the second quarter of 2010, an increase of 18.4 percent over last year, according to the figures released on Friday by the city's Statistics and Census Service (DSEC).
Among these new companies, 300 were operating in wholesale and retail, with the registered capital amounting to 55 million patacas (US$6.9 million), while 120 were operating in business services and 103 in real estate, the figures indicated.
The total value of registered capital surged by 66.9 percent year-on-year to 136 million patacas (US$17 million).
Some 65.2 percent of the new companies were incorporated with registered capital under 50,000 patacas (US$6,250) and the value of capital made up merely 9.7 percent of the total, the DSEC also said.
There were 28 new companies incorporated with registered capital of 1 million patacas (US$125,000) or over, and the value of capital accounted for 66.3 percent of the total. More than 80 percent of the new incorporations were limited companies.
Capital of the new companies came mainly from Macao (61 million patacas), the Chinese mainland (35 million patacas) and Hong Kong (10 million patacas), according to the DSEC.
In the second quarter of 2010, the number of companies in dissolution totaled 125 and the value of registered capital amounted to 66 million patacas (US$8.25 million), of which the registered capital of 57 wholesale and retail companies in dissolution accounted for 7.7 percent, according to the DSEC.
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