In the first seven months of the year, the number of new companies registered on the island rose an annual 14% to 8,851, the department said.
The number of applications for company names rose an annual 14% in July and 24% in January to July to 2,696 and 19,888 respectively, it added.
The number of documents submitted rose 13% last month and 10% in January to July to 12,264 and 84,598 compared to the respective period last year, the department said. The number of certified copies issued rose 28% in July to 32,068 and 11% to 205,460 in the first seven months of 2018.
Source: Cyprus Mail