12° Nicosia,
01 December, 2020

New company registrations on the climb

August figures show registering new companies in Cyprus still in an upward trend

Newsroom / CNA

The upward trend in the registration of new companies continued in August, data released by Cyprus` Department of the Registrar of Companies and Official Receiver show.

According to the data the number of applications for the registration of a new company was up by 9.8%, reaching 1,003 this August compared to 913 in August last year.

In the first eight months of 2018, applications for the registration of a new company reached 9,854 compared to 8,666 at the same period of 2017, recording a significant increase of 13.7%.

At the same time, a marginal drop of 0.34% was recorded in applications for company names, which reached 2,022 compared to 2,029 in the same month of 2017.

Total registered companies as of August 31, were 213,213. At the end of 2017 total registered companies came to 217,588.

New registrations in the first eight months of 2018 were 9,625 while in the twelve months of 2017 they had reached 13,677.

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