Macau gets more new companies

A total of 782 new companies were incorporated in the third quarter of 2010 in Macau, up by 20.1 percent year-on-year. The total value of registered capital surged by 1.8 times to MOP206 million (US$26 million). Among the new incorporations, 25 were operating in financial services, 312 in wholesale and retail, 123 in business services and 92 in real estate. Of these, 496 new companies were incorporated with registered capital under MOP50,000, accounting for 63.4 percent. In the third quarter of 2010, the number of companies in dissolution totalled 120, of which 31 operated in wholesale and retail, and those in real estate activities and construction were 21 each.