By South China Morning Post | Created at 2025-01-17 05:46:35 | Updated at 2025-01-17 09:56:24
4 hours ago
Registrations of local and non-local companies in Hong Kong reached all-time highs in 2024, according to authorities.
While the Companies Registry said on Friday that it had made the process easier, a lawmaker attributed the increase to the government’s recent aggressive efforts in attracting overseas companies.
Last year, 145,053 local businesses were established, bringing the total number of firms registered under the Companies Ordinance to 1.46 million.
The registry said the overall number of local firms increased by 29,736, compared with 2023, calling it an “all-time high figure”.
A total of 1,079 non-Hong Kong companies set up offices in the city last year.
By the end of 2024, the total number of registered non-local companies increased by two per cent to 15,126, compared with 2023, which is also a record high, according to the registry.
