articles | 08 September 2016

Company registrations rise 43% in August 2016

The number of company registrations in Cyprus rose in August 2016 by 43% to 1,012 compared to the respective month of 2015, which is highest figure reported in the month of August since 2012, the company registrar department said.

In the first eight months of the year, the total number of new company registrations rose 24% to 8,666 compared to the respective period of 2015, the Department of Company Registrar and Official Receiver said in an emailed statement on Wednesday. The number of registrations in January to August is the highest since the year before the banking crisis.

The number of applications for company names rose 17% in August to 1,877 and 16% in January to August to 17,542, the department said. The number of certified documents issued by the department rose 20% in August to 21,610 and 8.8% in the first eight months of 2016 to 201,266.

Finally, the number of other documents submitted rose an annual 7% in August to 8,568 and fell 2.4% to 83,124 in January to August, the company registrar said.

Source: Cyprus Mail

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