According to figures released by the Company Registry, the number of companies registered in Hong Kong at the end of June this year reached above 900,000.
The total number of active local companies registered was 912,242 as at June 30, 2011, up 48,480 from the end of 2010, while the total of almost 78,000 new local companies that were registered during the first half of this year, showed an increase of over 8.5% from the new companies registered in the second half of 2010, and a rise of more than 15% compared to those registered in the first half of last year.
"The number of new companies incorporated continued to rise in the first six months of this year, with a monthly record averaging around 13,000," the Registrar of Companies, Ada Chung, said.
In addition, in the first half of 2011, 402 non-Hong Kong companies
established a place of business in
Chung added that, with the introduction of the one-stop electronic company incorporation and business registration service at the new e-Registry platform since March 18 this year, over 5,500 companies had been incorporated online by the end of June.
This article has been prepared by specialists of ABLV Corporate Services based on mass media publications. Specialists of ABLV Corporate Services provide legal and tax advise, including advise on international tax planning, establishment of holdings, trade, investment, and protection structures, purchase of real estate and other assets, as well as advise on change of residence and acquirement of residence permits. More detailed information on services provided by ABLV Corporate Services can be found at http://www.ablv.com/ru/services/advisory