Newly established foreign capital firms, down by 1.22 pc in Q1

The number of newly established foreign capital companies decreased by 1.22 percent in the first quarter of 2018, compared to the same period of the previous year, to 1,371 units, according to the National Trade Register Office (ONRC) data.

The 1,371 new companies had a subscribed share capital of more than USD 14.4 million, up by 9 percent against January-March 2017.

Last year 5,837 such firms were established, with 9.1 percent units above the 2016 level, when was the weakest year in the last 18 years as regards the newly set up companies with foreign capital.

During 1991 – 2017 period, 215,651 companies with foreign capital were established, the total value of subscribed share capital stood to over EUR 61.3 billion.

Out of the 215,651 companies, 45,542 have Italian capital, but the largest share of the share capital have the Dutch companies, namely EUR 12.2 billion, in about 5,112 companies.

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