articles | 04 November 2016

Cyprus company registrations up in October 2016

The number of company registrations rose 8.5% in October 2016 to 1,075 compared with the respective month of 2015, the Department of Company Registrar and Official Receiver said.

In January to October, the number of company registrations rose 22% to 10,874 compared with the respective period of 2015, the department said in an emailed statement. The company registration figures are an indicator about the prospects of Cyprus’ business services sector.

The issue of certified copies rose an annual 4.7% in October and fell 11% in the first ten months of the year to 24,479 and 252,071 respectively, the company registrar said. Applications for names rose 1.5% in October and 13% in January to October to 2,195 and 22,087 respectively.

The submission of other documents dropped in October 48% to 11,136 and in January to October 30% to 105,044 compared to the respective period last year, the registrar said.

Source: Cyprus Mail

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