In the 1^st quarter 2021

Balance between formed and dissolved corporations was positive (+225)

According to the data provided to Statistics Portugal by the Directorate General of the Policy of Justice, in the 1^st quarter of 2021, the number of formed corporations headquartered in the Autonomous Region of Madeira (322) was higher than the number of dissolved corporations (97), which resulted in a positive balance between the formation and dissolution of corporations (+225). Compared to the same quarter of the previous year, the number of formed corporations went up by 78 while the number of dissolved corporations decreased by 63.

The data broken down by economic activity show that the most pronounced positive balance was observed in “Consultancy, scientific and technical activities” (+46), followed by “Wholesale and retail trade; repair of motor vehicles and motorcycles”, “Real estate activities” (+29 in both activities), “Construction” (+21), “Other service activities” (+19), “Accommodation and food service activities” (+18), “Information and communication activities”(+16), “Transportation and storage” (+12), and “Arts, entertainment, sports and recreation activities”(+11). Inversely, a negative balance was only recorded in “Mining and quarrying” (-1).

During the first three months of the year, the ratio between formed and dissolved corporations stood at 3.32, higher than the national average (1.05).

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