Home / Business / Local Business / Applications for company registration up by 14.7% in January

Applications for company registration up by 14.7% in January

New companies registered with the Department of the Registrar of Companies and Official Receiver this January were up by 14.7% compared to the same month of 2016, making January the 17th month in a row with an upward trend.

Data released by the Registrar on Thursday show that the number of applications for the registration of a new company came to 1,062 in January 2017 compared to 916 last January, recording an increase of 14.7%.

The number of applications seeking the Registrar’s approval for a company name came to 2,164 this January compared to 2,066 in January 2015, recording an increase of 4.7%.

The total number of registered companies as of January 31, 2017 stood at 209,413. Within January 920 new companies were registered. New registrations of foreign companies came to 6.

Check Also

Cyprus to get 5G technology by June 2018

EU Member States, including Cyprus, have been instructed to begin the process of laying the groundwork to make way for 5G networks with the aim of unveiling the upgrade by June next year.

Cyprus among eurozone’s top five debt ratio

Cyprus is among the top-five eurozone countries with the highest public debt ratio according to …

Leave a Reply

Your email address will not be published. Required fields are marked *