The amount of companies registered in Cyprus is increasing
According to the statistics of the Department of Company Registrar and Official Receiver, the amount of companies in Cyprus registered in June 2016 increased 11% (up to 1016 companies) in comparison to June 2015 after 24% rise in May.
In total, overall number of registered companies rose 22% up to 6366 companies.
Also the Department of Company Registrar and Official Receiver states that annual rate of applications for company names rose 28% in June up to 2324 applications and 19% (up to 13 420) in the first half of the year. The amount of other documents issued increased 6.8% in June to 26 302 and 8.8% in the first six months of the year to 154 292 in comparison to the respective period of 2015.
The increase of the companies registered in Cyprus clearly demonstrates that the economy of the Republic is developing and more businessmen including international investors prefer to register their companies in Cyprus.
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