Cyprus Mail

Company registrations increase slows down to 8.5% in October

company registrar

The number of company registrations rose 8.5 per cent in October to 1,075 compared with the respective month of 2015, which was the slowest pace in a month this year, the Department of Company Registrar and Official Receiver said.

In January to October, the number of company registrations rose 22 per cent 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’s business services sector.

The issue of certified copies rose an annual 4.7 per cent in October and fell 11 per cent 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 per cent in October and 13 per cent in January to October to 2,195 and 22,087 respectively.

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

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