According to the National Statistics Office in 2023, registered businesses increased by 2.4 percent or by 3,334 registered units as compared to the year 2022.
Micro registered businesses which are businesses that employ between 0 and 9 people amounted to a total of 136,881 in 2023 which resulted in a 2.5 percent increase from 2022.
Last year professional businesses in the scientific and technical, wholesale and retail trade and financial and insurance sectors covered almost 39.1 percent of the total registered units.
A large number of companies, 57 percent to be exact, were under sole ownerships or legal partnerships whilst the 39.3 percent of companies were limited liability companies or PLC.
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