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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