Hong Kong Reports On Incorporations In 2016
Thursday, January 12, 2017
There was an increase in local company incorporations in Hong Kong in 2016,
although incorporations by foreign companies experienced a dip, according to
the territory's Companies Registry.
The new figures show that the total number of local companies registered under
the Companies Ordinance reached 1,341,223 at the end of 2016, up 52,557 from
the corresponding figure at the end of 2015.
In 2016, a total of 144,883 local companies were newly registered with the
Last year also saw 874 non-Hong Kong companies establish a new place of business
in Hong Kong under the Companies Ordinance, a slight decrease of 2.24 percent
from 894 in 2015. The total number of registered non-Hong Kong companies reached
9,983 by the end of 2016, down 0.46 percent year on year.