Company registrations increase in March 2016

The Department of the Registrar of Companies and Official Receiver announced that there was a significant increase in the number of applications for the registration of new companies within March. Applications last month increased by 23% in comparison to March 2015. The number of new applications last month was 1,205 compared to 980 in March of 2015.

The data from theĀ  Registrar of Companies demonstrates that company registrations are increasing for the seventh consecutive month and the 18th increase in the past 27 months.

On a monthly basis, the number of applications in March 2016 was up by 8.1% compared to February 2016.

The total number of companies registered in Cyprus last March stood at 202,764.