August sees fall in new company registration

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August sees fall in new company registration
 © CyprusWeekly 2017
According to Department of Registrar of Companies and Official Receiver figures, on a year-on-year basis, the number of applications to register a new company fell in August for a fourth month in 2017.

Applications to register new firms amounted to 910 in August 2017, compared with 1,014 in August 2016, showing a decrease of 10.2%.

August was also the fourth month in the current year to show a decline in applications, following the steady increase in applications seen in 2016.

Meanwhile, as compared to July, the number of applications showed a significant 30% fall.

In the...


August sees fall in new company registration


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