Amongst the uncertainty of global economy, the latest Hong Kong government figure showing record-breaking number of new incorporation in Hong Kongk, where is an independent jurisdiction within China, suggests here is seen as a good place of doing business.

Hong Kong Victoria Harbor and the Star Ferry (we do not own the copyrights of this photo.)

Source: news.gov.hk by the Government of the Hong Kong Special Administrative Region

Reference: Statistics by Companies Registry of HKSAR

A total of 95,408 local companies were newly incorporated in the first half of this year, up 7.16% on the second half of last year, the Companies Registry announced today.

Registrar of Companies Ada Chung said the number of newly registered local companies hit a record high in the first six months of this year, with 21,978 companies incorporated online via e-Registry.

As at the end of June, the total number of live local companies registered was 1,233,780, up 70,849 from the figure at the end of 2013.

For non-Hong Kong companies that have established a place of business in Hong Kong, 393 companies were newly registered in the first half of this year, down 8.18% on the second half of 2013. The total number of non-Hong Kong companies registered reached 9,432 by the end of June.

On the new Companies Ordinance that launched on March 3, Ms Chung said the new law will enhance corporate governance, facilitate business, ensure better regulation and modernise the law.

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