10/07/2017 09:43
Applications for registration of new companies declined by 6,1% on a year to year basis in June 2017, according to data of the Department of Registrar of Companies and Official Receiver.
Despite the decline, new company registration applications recorded an increase of 1.2% in the first half of 2017.
According to the Department`s data, the number of applications for registration of a new company amounted to 954 in June 2017, compared with 1.016 in June 2016. The number of new company registrations recorded a decline only in 5 out of the 20 last months.
Compared to May 2017, the number of applications has decreased by 16.4%.
In the first half of 2017, the number of applications amounted to 6.442, compared with 6.366 in the same period last year, showing an increase of 1.2%.
Moreover, according to the Registrar of Companies, the number of applications for name approval rose to 2.255 in June 2017, compared with 2.325 in June 2016, showing an increase of 4.2%.
The total number of registered companies stood at 213.276 at the end of June 2017, compared with 213.206 at the end of the previous month.
The new registrations in the first half of 2017 amounted to 6.308.
Additionally, an increased interest in registering in Cyprus was recorded by foreign companies, since registrations in the first half of 2017 were 54, compared to 62 for the whole 2016.
Despite the decline, new company registration applications recorded an increase of 1.2% in the first half of 2017.
According to the Department`s data, the number of applications for registration of a new company amounted to 954 in June 2017, compared with 1.016 in June 2016. The number of new company registrations recorded a decline only in 5 out of the 20 last months.
Compared to May 2017, the number of applications has decreased by 16.4%.
In the first half of 2017, the number of applications amounted to 6.442, compared with 6.366 in the same period last year, showing an increase of 1.2%.
Moreover, according to the Registrar of Companies, the number of applications for name approval rose to 2.255 in June 2017, compared with 2.325 in June 2016, showing an increase of 4.2%.
The total number of registered companies stood at 213.276 at the end of June 2017, compared with 213.206 at the end of the previous month.
The new registrations in the first half of 2017 amounted to 6.308.
Additionally, an increased interest in registering in Cyprus was recorded by foreign companies, since registrations in the first half of 2017 were 54, compared to 62 for the whole 2016.
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