Applications reached 1,104 in February compared with 798 in February 2015. This is the sixth consecutive monthly increase in applications.
Compared with January 2016, new company registrations increased by 19%.
The number of applications for new name approval reached 2,305 compared with 1,732 in February 2015. In the first two months of 2016, it was recorded at 4,371.
Total registered companies in the Registrar in end-February amounted to 201,554.
New registrations in the first two months reached 1,838 whereas total new registrations amounted to 11,270 in 2015.
Additional registrations of overseas companies in the first two months of 2016 amounted to 11 with total additional registrations in 2015 reaching 71.
Source: InCyprus
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Georg Bühler, ,
Digital assets are no longer a niche, but a part of modern finance attracting a growing number of investors – and there is immense potential for Cyprus to become a leading cryptocurrency hub. By fostering a more inclusive regulatory ecosystem, Cyprus can diversify its financial services sector and position itself at the forefront of digital finance, says Georg Bühler, Managing Director of Mount Pelion Capital.
Read Georg Bühler's Insight
