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`The department of the Registrar of Companies in Cyprus has announced that the number of applications for new company registration increased in July to 1,287, compared to 1,079 in last July, showing an increase of 19.3%.
Moreover, of the last 28 months, 22 saw an increase in applications for new registrations, Financial Mirror reports.
Compared to June, the number of applications in July saw a significant increase of 26.7%.
This is definitely not only a considerable increase, but also a positive sign for the country’s economy as Cyprus remains an attractive destination to foreign investors.
In the period from January to July, the number of new company registration applications reached 7,653, compared to 6,301 in the corresponding period of 2015, with an increase of 21.4%.
In July, 1,181 new companies were registered, bringing the total number of new registrations in the first seven months of 2016 to 7,448. In comparison with the number of registrations in 2015, the total new registrations were 11,270.
It also should be noted that new additional registrations relating to foreign companies amounted in the first seven months of 2016 at 31, while for the entire 2015 were 71.
The number of persons, legal and natural, registered in the Central Information Register in July dropped to 16, compared to 55 in July 2015.
In total, 230 persons were registered in the Central Information Register in the first seven months of 2016, compared with 362 in the corresponding period of 2015.
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