Company registrations up 16% in April

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By Stelios Orphanides

The number of company registrations rose last month 16 per cent to 1,168 compared to April last year, the Department of Company Registrar and Official Receiver said.

In the first four months of the year, the number of company registrations, an indicator of the performance of the Cypriot corporate services sector, rose an annual 4.9 per cent to 5,009, the department said in an emailed statement on Monday.

The number of applications for company names rose 72 per cent in April to 3,476 and 11 per cent to 11,767 in January to April compared to the respective period a year before, the registrar of companies said. The issue of certified documents rose 11 per cent in April to 26,690 and 2.4 per cent to 114,157 in the first four months of the year.

Lastly, the submission of other documents rose 1.2 per cent last month to 9,744 compared to April 2017 and 4.3 per cent to 49,383 in January to April compared to the respective period last year, the department said.

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About Author

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

  • Bob Ellis

    This figure is constantly updated and published and means nothing. Increased company registrations in an economy that is struggling normally mean that large companies are exploiting more loopholes in the compnay taxation rules.

  • Cydee

    Does this mean more, unustainable loans??

  • Mist

    More pheonix companies with not debt.