07 May 2018 – 10:57

2,295 new companies registered in April

File picture of the Qatar skyline used for representation. Baher Amin | The Peninsula

The Peninsula

DOHA: The Ministry of Economy and Commerce (MEC) said yesterday that 2,295 new companies were registered in April 2018. According to the business process report, the number of new major business records reached 1,703 while the number of new sub-registries reached 592 records.

Limited liability companies accounted for 63 percent of the major business registers, while the category of single owner limited liability companies in second place with 27 percent, and the individual institution came in third place with nine percent.

qatar airways

In April, construction firms topped the list of the most registered activities, with 356 registrations followed by cleaning firms with 164 registrations, 112 registrations for services and 107 for building materials.

The number of commercial licences issued, modified or renewed during April was 7,985 the number of licences issued by the Ministry reached 1,623 licences, while 1,065 licences were amended, and 5,297 licences were renewed.

The number of companies closed in April was 313, and the proportion of closed companies of new companies was 13.6 percent. Contractors led the list with 50 percent, building material companies followed by 19 percent, electronic appliances and accessories came third with 12 percent, public goods trading with 11 percent, restaurants, cafeterias and ice cream shops at eight percent.

The number of new patent applications last April reached 44 applications, and 179 patent applications have been renewed.

The number of trademark applications registered last month was 22, in addition to 30 certificates issued in the field of copyright and neighbouring rights.