articles | 14 March 2018

Company registrations up 25% in February 2018

The number of company registrations, an indicator of the performance of the business services sector, rose in February 25% to 1,207 compared to the respective month of 2017, the Department of the Registrar of Companies and Official Receiver said.

In the first two months of the year, the number of company registrations went up 19% to 2,405 compared to the respective period last year, the department said.

Applications for company names went up an annual 33% last month to 2,720 and 26% to 5,312 in January to February, it said. The submission of other documents rose 11% to 11,273 and 23% to 26,197 respectively.

Lastly, the number of certified copies issued rose an annual 8.7% to 26,834 last month and 8.1% to 54,930 in the first two months of the year, the department said.

Source: Cyprus Mail

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