In the first five months of the year, the number of company registrations, an indicator of the performance of the corporate services industry, rose an annual 14% to 6,281, the department said.
The number of applications for names rose in May an annual 6.9% to 2,789 and in January to May 28% to 14,568, it said.
The number of certified documents issued rose last month 5.7% to 29,985 and in the first five months of the year 6.8% to 144,180 compared to the respective period of last year, the department said. The number of documents submitted dropped in May 9.4% to 10,778 and rose in January to May 8.3% to 60,219.
Source: Cyprus Mail
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