Information from the Statistics and Census Service (DSEC) indicated that a total of 1,720 new companies were incorporated in the second quarter of 2018, an increase of 491 year-on-year. Total value of registered capital was decreased by 97.0% to MOP221 million, due to the incorporation of a fund company with a large capital in the same quarter last year. Analysed by industry, there were 556 newly incorporated companies operating in Wholesale & Retail Trade and 505 in Business Services. Companies in dissolution totalled 169 in the second quarter, and the value of registered capital of companies in dissolution amounted to MOP50 million.
Analysed by size of registered capital, there were 1,331 new companies (77.4% of total) registered with capital under MOP50,000, and the total value of capital was MOP34 million. On the other hand, there were 29 new companies registered with capital of MOP1 million or over, and the total value of capital amounted to MOP138 million (62.7% of total).
As regards origin of capital, the majority of the capital came from Macao (MOP105 million) and Mainland China (MOP64 million), including MOP19 million from Guangdong. Capital from the Mainland cities in the Greater Bay Area totalled MOP19 million, of which Zhuhai accounted for 64.4%. Capital from Hong Kong amounted to MOP31 million. Analysed by combination of shareholders, there were 1,219 new companies established solely by Macao shareholders, and 191 joint ventures between shareholders from Macao and other countries or regions.
In the first half of 2018, a total of 3,173 new companies were incorporated, up by 17.5% year-on-year; total value of registered capital decreased by 93.9% to MOP456 million. Number of companies in dissolution totalled 433, and the value of registered capital of companies in dissolution amounted to MOP167 million.
At the end of the second quarter of 2018, number of registered companies totalled 63,787, an increase of 4,832 from a year earlier.