The Registrar of Companies in Cyprus has released the latest economic indication figures showing that the number of incorporation applications in Cyprus has fallen by 9.9% year-on-year this July 2019, the 9th month that has seen a successive decline.

The number of applications in July reached 1,304 compared with 1,457 in the corresponding months last year. The application figure of company incorporations had been showing a steady increase for five continual years between the financial years of 2014 and 2018.