International Business improves in Cyprus

The statistics by the Company Registrar in Cyprus show that the international activities in 2011 are on the rise.
According to the latest report, the applications for the registration of the Companies in February 2011 increased by 7.3% bringing the current number of registered companies to an amount of 1656 which is comparable to the corresponding month last year with figures at 1543.

For the year 2011 applications for the registration of companies in Cyprus increased by 18.3%.  The statistics show that international business is on an upward trend and is direct result of the foreign companies which are actively developing the businesses in Cyprus.
We can confirm that the total amount of registered companies up until end of February 2011 is already 239.771.

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