Cyprus Mail

Company registrations up 11% in May

The number of company registrations rose in May 11 per cent to 1,271 compared to the respective month of 2017, the Department of Registrar of Companies and Official Receiver said.

In the first five months of the year, the number of company registrations, an indicator of the performance of the corporate services industry, rose an annual 14 per cent to 6,281, the department said.

The number of applications for names rose in May an annual 6.9 per cent to 2,789 and in January to May 28 per cent to 14,568, it said.

The number of certified documents issued rose last month 5.7 per cent to 29,985 and in the first five months of the year 6.8 per cent to 144,180 compared to the respective period of last year, the department said. The number of documents submitted dropped in May 9.4 per cent to 10,778 and rose in January to May 8.3 per cent to 60,219.

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