Total number of local businesses surpasses 23,000

The Registrar of Companies has revealed there are over 23,000 registered businesses in the country.

Speaking at a press conference, Registrar of Companies Mariyam Visam said that “the number of registered businesses has surpassed 23,400, of which over 10,000 are private enterprises”.

“A large number of businesses registered following the Trade Ministry’s call to register before January this year”, she added.

The Registrar also noted a significant decline in the number of unregistered business in the country.