Local firms hit record 1.44m

The Companies Registry today announced that 66,734 local companies were newly registered during the first half of 2024, bringing the total number of registered local companies to 1,440,935, an all-time high figure.

Meanwhile, 501 non-Hong Kong companies have newly established a place of business in the city and were registered under the Companies Ordinance. The total number of registered non-Hong Kong companies reached 14,959 as at the end of June, which is also a record high.

From January to June, the number of charges on properties of companies received for registration was 5,721, while the number of notifications of payments and releases was 8,808. There were also 1,520,759 documents delivered to the registry for registration.

For electronic search services, 2,564,604 searches of document image records were carried out.

As for the licensing of trust or company service providers, 324 licences were granted, resulting in 6,974 licensees up to mid-2024.