The amount of companies registered in Hong Kong is approaching 1.3 million
Hong Kong Companies Register Statistics of 2015
According to the statistics reported by the Hong Kong Companies Register, the total number of local enterprises registered on the basis of the Companies Act compounded 1.288.666 at the end of the year 2015. While total number of the registered companies increased, the amount of new companies’ registration significantly decreased from 167.280 in 2014 to 139.209 in 2015.
Online company registration produces results
However, the Hong Kong Companies Register has mentioned a positive aspect: 35.448 new companies were registered via online service of firms and business registration.
This function has been implemented since 3 March, 2015 and it has been a useful tool for facilitation of reporting and submitting information about activity of the enterprise as well as it has become an effective instrument applied for rapid company registration.
Expansion in the number of Hong Kong companies in 2015
Besides, it should be noted that the number of non-Hong Kong companies increased to 894 in comparison to 811 enterprises in 2014 that were established in Hong Kong and registered in accordance to the Companies Act. The total number of non-Hong Kong companies reached 10.029 by the end of 2015 that was demonstrating annual increase by 4, 21%.
The specialists of OLIESERVE are closely following all the updates presented by Hong Kong, one of the most powerful global business centers.