articles | 17 January 2018

Company registrations up 0.9% in 2017 to post-crisis high

The number of company registrations rose 0.9% in 2017 to 13,743, the highest figure since 2013, the Department of the Registrar of Companies and Official Receiver said.

In December, company registrations, deemed an important indicator for the performance of the economy and in particular the business services sector, fell 4.6% to 1,273, the department said in an emailed statement.

The number of applications for names rose last year 7.5% to 29,050 and in December 4.1% to 2,237 compared to the respective period a year before, the department said. The number of certified documents issued rose 4.6% to 325,387 in 2017 and 3.1% to 29,276 in December.

Lastly, the number of other documents submitted rose 6.8% last year to 140,392 and 3.1% to 14,124, the department said.

Source: Cyprus Mail

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