articles | 14 May 2018

Company registrations up 16% in April 2018

The number of company registrations rose in April 2018 by 16% to 1,168 compared to April 2017, the Department of Company Registrar and Official Receiver said.

In the first four months of the year, the number of company registrations, an indicator of the performance of the Cypriot corporate services sector, rose an annual 4.9% to 5,009, the department said in an emailed statement recently.

The number of applications for company names rose 72% in April to 3,476 and 11% to 11,767 in January to April compared to the respective period a year before, the registrar of companies said. The issue of certified documents rose 11% in April to 26,690 and 2.4% to 114,157 in the first four months of the year.

Lastly, the submission of other documents rose 1.2% last month to 9,744 compared to April 2017 and 4.3% to 49,383 in January to April compared to the respective period last year, the department said.

Source: Cyprus Mail

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