Cyprus: Decrease in the Number of New Company Registrations

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During the last five years from 2014 to 2018, the continuous increase in the number of new companies registered was observed.

The number of new applications for company registration decreased by 13.7% in the first quarter of the current year.

The registering authority said that at the end of April the number of incorporated companies was 218,954. It is also reported that 17 companies declared bankruptcy in the first quarter of 2019 and last year similar figures were higher (97 companies).