A 31.8 per cent year-on-year increase in the number of newly incorporated companies was registered in the first quarter of this year, with 1,472 new companies, while the registered capital of the companies also increased by 26.6 per cent to MOP155.14 million, compared to the same quarter last year, according to the data released by the Statistics and Census Services (DSEC) early last Friday evening.
The number of companies registered with capital under MOP50,000 amounted to 1,141, or 77.5 per cent of the total, with the total value of the capital of these companies amounting to MOP30 million, or 19.6 per cent of the total for the quarter.
A total of 26 new companies were registered with capital of MOP1 million or over, with a total capital value of MOP84 million. 
In terms of origin of capital, the DSEC noted that the majority came from Macau, at MOP72 million, and from Mainland China, at MOP46 million. In addition, capital from the nine provinces of the Pan-Pearl River Delta Region totalled MOP22 million, of which 88.8 per cent originated from Guangdong province.
In regards to the combination of shareholders, there were a total of 873 new firms established solely by Macau shareholders, while 335 constituted joint ventures between shareholders from Macau and other countries or regions. By sector, most of the newly created companies were operating in the wholesale and retail trade (413) and business services (369).
In particular, companies incorporated with capital from the nine provinces of the Pan-Pearl River Delta Region were operating mostly in wholesale and retail (46.4 per cent) and construction (40 per cent).
The DSEC further reported that companies in dissolution totalled 223, up by 27 when compared to last year, with the value of registered capital of such companies increasing by 7.3 per cent year-on-year to MOP56 million.
The number of registered companies at the end of the first quarter of 2017 totalled 57,921, an increase of 3,943 from a year earlier.