13 Jul Increase of Cyprus Company Registrations
There is a significant increase in the new Cyprus company registrations in the first six months of 2018 indicating the increase of international business activity on the island and the major progress of the
economic activity.
The average increase of the new Cyprus company registrations for the first six months reached the level of 15,1% over those for the same period in 2017. One factor which helped the formation of Cyprus companies are the strict criteria set up by the Central Bank of Cyprus for the opening of bank accounts for foreign companies on the island.
Despite the negative economic climate of the past few years Cyprus remains a trusted place for investments as well as a strong financial center based on a positive and advantageous tax system for foreign investors.