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Cyprus

Company registrations rise 11% in June, registrar department says

The number of companies registered in June rose 11 per cent to 1,016 compared with the respective month of 2015, after rising 24 per cent the month before, the Department of Company Registrar and Official Receiver said.

In the first six months of the year, total company registrations rose 22 per cent to 6,366, the company registrar said in an emailed statement on Thursday.

Applications for names rose in June an annual 28 per cent to 2,324 and in the first half of the year 19 per cent to 13,420, the registrar said. The number of other documents issued rose 6.8 per cent in June to 26,302 and 8.8 per cent in the first six months of the year to 154,292 compared with the respective period of 2015.

The number of documents submitted in June fell 8.6 per cent to 10,568 compared with June 2015 and 3.8 per cent to 63,005 in January to June compared with the first six months of 2015, the registrar said.



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