Newly registered companies up 6.31%

The figure for 2011 was a record high of 148,329.

The Information Services Department said:

The total number of live local companies registered was 956,392 by the end of 2011, up 92,630 from 2010.

The number of companies incorporated in July reached a record of 24,957. Registrar of Companies Ada Chung said the figure doubled the average monthly incorporations of around 11,000 for 2010 and may be attributable to the local economic environment and expiration of the waiver of business registration fees for new companies in August.

There were 798 non-Hong Kong companies that established a place of business in Hong Kong and were newly registered under Part XI of the Companies Ordinance, up 8.28% from the corresponding period in 2010. The total number of non-Hong Kong companies registered stood at 8,554 at the end of last year.