Company registrations up 23% in October, Registrar of Companies says

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By Stelios Orphanides

The number of company registrations, an indicator for the performance of the business services sector, rose in October an annual 23 per cent to 1,326, the Department of Registrar of Companies and Official receiver said.

In January to October, the number of applications for company registrations rose 2.4 per cent to 11,142 compared to the respective period last year, the department said in an emailed statement on Monday. The number of applications for names rose 45 per cent to 3,176 in October and 7.4 per cent in January to October to 23,721.

The number of certified documents issued rose an annual 18 per cent last month to 28,971 and 5.4 per cent to 265,865 in the first ten months of the year, the department said. The submission of other documents rose an annual 19 per cent to 13,397 and 5 per cent to 110,381 respectively.

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Stelios Orphanides is a journalist at CyprusBusinessMail.com. To contact Stelios Orphanides: [email protected]