Qatar has witnessed the registration of total 1,015 companies in September this year, according to the Ministry of Economy and Commerce (MEC).

The new registration included 762 main commercial records and 253 branch commercial records, MEC said in its monthly business progress report.

Limited liability companies accounted for 60% of new commercial records, followed by limited liability companies in the category of single-person firm at 26%, while 13% of new companies were registered in the category of individual corporations.

The contracting companies topped the list of most common activities in September with 167 commercial records issued in this area. As many as 108 commercial records were issued for grocery stores and supply shops and 94 records were issued for public trading.

The field of construction materials trading followed with 93 records; while restaurants, cafeterias and ice cream shops accounted for 90 records.

The report disclosed that a total of 4,368 commercial licences were issued, amended or renewed in September. As many as 735 new commercial licences were issued, while 507 were modified and 3,126 commercial licences were renewed.

A total of 212 companies closed in September, representing 21% of newly registered companies, the report said, adding regarding write-off activities, contracting companies topped the list at 36%, followed by trading in construction materials at 22%. The electrical appliances and electronics trading and commodity trading followed in third place each at 21%.

In the area of intellectual property rights, the report indicated that 48 new patent applications were issued in September while 129 patent applications were renewed. In addition, 2,544 trademarks have been registered, while five certificates were issued in the field of copyright and related rights.

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