COCI: "Exponential growth in 2016"

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Peggy Ann Brandon, President of the Sint Maarten Chamber of Commerce and Industry (COCI), reported on 2016 in the press. The year was marked by "great losses, controversies and political instability". A total of 849 new companies, 259 sole proprietorships and 461 limited liability companies were registered. In contrast, 111 businesses - largely sole proprietorships - have closed. “From the statistics, we can conclude that confidence in our market potential has remained stable. The increase in registrations of new businesses with the decrease in business closures results in the conclusion of exponential growth in 2016 ”, according to the president.

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