Company registrations record significant increase in August

A significant increase of 42,5% was recorded in August in the registration of new companies in Cyprus.

This is the 12th consecutive month that an increase is recorded, according to data of the Department of Registrar of Companies and Official Receiver of the Republic. The number of applications for new company registration stood at 1,012 in August 2016 compared to 710 in August 2015.

Source: Cyprus News Agency