Over 30,000 new companies were opened in the State of São Paulo in March

The month of March registered a record number of companies opened in the State of São Paulo.

More than 30,000 National Register of Legal Entities (CNPJ) new registrations were filed.

It is the best performance for the month since the beginning of the historical series in 1998.

The data are from the Board of Trade of the State of São Paulo (Jucesp), an agency linked to the Secretariat of Economic Development (SDE).

The mark achieved is attributed to a set of actions developed by the São Paulo State Government.

“Jucesp has sought to digitalize its services to reduce bureaucracy and speed up the new incorporation of CNPJs.”

“Processes that used to take four to five days to be concluded are now completed within 24 hours”, explains the Secretary of Economic Development, Jorge Lima.

In all, 30,023 new companies were opened in the whole state of São Paulo.

Another 12,154 were closed.

The balance was positive in 17,869 CNPJs.

Of the companies incorporated in the state, 89.76% are Limited Liability Company, 8.57%; Sole Proprietorship, 1.4%; S/A; and 0.27%, Consortium.

The capital also registered a record number, with over 13,000 CNPJs set up.

There were 13,295 new incorporations and 4,387 terminations, generating a balance of 8,908 – also the best in the historical series.

Of those opened in the capital, 88.86% are Limited Liability Companies; 10.13% are Individual Entrepreneurs; 0.80% are S/A; 0.18% are Consortiums; and 0.02% are Cooperatives.

By economic activity, the sectors that registered the highest number of incorporations in March in the state were: trade and repair of motor vehicles and motorcycles (25.62%), administrative activities and complementary services (12.82%), and professional, scientific, and technical activities (12.20%).

In the city, they were: trade and repair of motor vehicles and motorcycles (23.45%), administrative activities and complementary services (14.54%), and professional, scientific, and technical activities (13.90%).

With information from Gazeta Brasil