Company incorporations surge in Q2

The Statistics and Census Service (DSEC) has reported a notable increase in new company registrations in the second quarter of 2024, with 1,179 new companies incorporated, up 62 from the previous quarter. However, the number of dissolutions also rose by 137, totaling 365, resulting in a net increase of 814 companies. The wholesale and retail trade sector led with 374 new entries, while business services followed closely with 345. Despite this growth, the total registered capital for new companies fell 24.2% to MOP154 million, primarily due to fewer large capital registrations in financial and high-tech industries.