Information from the Statistics and Census Service (DSEC) indicated that a total of 1,087 new companies were incorporated in the third quarter of 2016, a decrease of 139 year-on-year. Total value of registered capital dropped by 67.1% to MOP124 million, of which registered capital of Business Services (MOP18 million) down significantly by 93.9%. Analysed by industry, there were 364 new incorporations operating in Wholesale & Retail and 257 in Business Services. In the third quarter of 2016, companies in dissolution totalled 163, and the value of registered capital of companies in dissolution amounted to MOP30 million. Analysed by size of registered capital, there were 783 new companies (72.0% of total) registered with capital under MOP50,000, and the total value of capital was MOP20 million. On the other hand, there were 23 new companies registered with capital of MOP1,000,000 or over, and the total value of capital amounted to MOP63 million (50.4% of total). As regards origin of capital, the majority of the capital came from Macao (MOP84 million) and Mainland China (MOP20 million) in the third quarter of 2016. Capital from the 9 Provinces of the Pan-Pearl River Delta Region totalled MOP15 million, of which 12 million were from Guangdong province. Analysed by combination of shareholders, there were 730 new companies established solely by Macao shareholders, and 101 joint ventures between shareholders from Macao and other countries or regions. In the first three quarters of 2016, a total of 3,345 new companies were incorporated, down by 630 year-on-year; total value of registered capital decreased by 57.1% to MOP387 million. Number of companies in dissolution totalled 587, and the value of registered capital of companies in dissolution amounted to MOP140 million. At the end of the third quarter of 2016, number of registered companies totalled 55,816, an increase of 3,637 from a year earlier.
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