Doha                                                                                                                                                                                                       07 June 2018                                                                                                                                                                                       (QNA)

Monthly business process report issued by Ministry of Economy and Commerce of State of Qatar discloses 1,958 new companies are registered during month of May 2018.

Among these, number of new major businesses are 1,461, and remaining of 497 were new sub-registries. 62 % among new registered companies are limited liability companies, 27 % are sole ownership and third place of 10 % are of individual institution

Among these May registered companies, 361 on top are construction companies, 175 in Building Material Trading companies category, 149 registrations for services and 148 for restaurants, cafeterias and ice cream shops.

According to the report, the number of commercial licenses issued, modified or renewed during May was 8,283 and the number of licenses issued by the ministry reached 1,620, while 946 licenses were amended, and 5,717 licenses were renewed.

The number of companies closed during last May was 271 companies, and the proportion of closed companies of new companies was 13.8 percent.

Contractors led the list with 53 percent, building material companies followed by 21 percent, public goods trading came third with 10 percent, followed by electronic appliances and accessories, restaurants, cafeterias and ice cream shops at 8 percent.

The number of transactions carried out in branches of the ministry during the month of May was 32,200 transactions.

In the field of intellectual property rights, the report pointed out that the number of new patent applications last May reached 44 applications, and 179 patent applications have been renewed.

The number of new patent applications in May was 44, where 260 applications were renewed, 23 trademark applications were registered during the same month, and 24 were issued in the field of copyright and related rights.