Registrations of new companies increase by 20.7% in September

A significant increase of 20.7% was recorded in September 2016, in the registration of new companies in Cyprus, compared to September last year.

This is the 13th consecutive month that an increase is being recorded. It is estimated that the total number of applications in 2016 will exceed the number of applications submitted during the last three years (11,000 applications).

According to data released by the Department of Registrar of Companies and Official Receiver of the Republic, the number of applications for new company registration stood at 1,132 in September 2016 compared to 938 in September 2015.

Compared to the previous month, the number of applications increased in September 2016 by 11.8%.

During the first nine months of 2016, the number of applications reached 9.798, compared to 7.949 in the first nine months of 2015

Source: Cyprus News Agency