New figures show significant rise in Bermudian incorporations
Wednesday, May 19, 2004
HAMILTON, Bermuda: Company data released by
the Bermuda Monetary Authority has revealed that incorporations in Bermuda in
the final quarter of 2003 were running at their highest levels since the
September 11 attacks, the Royal Gazette reports.
Figures quoted by the Gazette show that 428
new companies, partnerships and permits were created in the final three months
of last year, representing the second highest number since the BMA began
reporting the data in 2001.
The strong trend has also been continued
into the first quarter of 2004 which has seen a further 416 incorporations
(178 of which were recorded in March alone), substantially higher that the 296
seen in the first quarter of 2003, the Gazette said.
By category, the largest number of new
incorporations in the final quarter of 2003 was of exempted companies, 308 of
which were established, representing a 12% rise on the previous year.
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