New businesses registered — all countries

New businesses registered — Cyprus

New businesses registered in Cyprus in 2024 — 14,444 companies. Ranked 62 in the world out of 134. Since 2006, the indicator has fallen by 28.8%.

2024 14,444 companies +13.97% vs 2023
World rank 62of 134
Period maximum 29,016 companies2007
Period minimum 10,847 companies2013

Trend over time

2006–2024 · companies

New businesses registered — Cyprus, 2006–202410,00015,00020,00025,00030,00020062008201020122014201620182020202220242006: 20,280 companies2007: 29,016 companies2008: 24,453 companies2009: 16,101 companies2010: 19,278 companies2011: 19,538 companies2012: 17,999 companies2013: 10,847 companies2014: 11,169 companies2015: 11,270 companies2016: 13,645 companies2017: 13,677 companies2018: 14,526 companies2019: 12,781 companies2020: 11,053 companies2021: 12,604 companies2022: 12,583 companies2023: 12,674 companies2024: 14,444 companies
Change over the period: −5,836 (−28.78%) Average annual rate: -1.87 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Cyprus

Cyprus 14,444 companies
Europe & Central Asia computed 2.56M companies
Western Asia computed 350,232 companies
New businesses registered — Cyprus, by year Cyprus All countries CSV XLSX
Year companies Change Change, %
2024 14,444 +1,770 +13.97%
2023 12,674 +91 +0.72%
2022 12,583 −21 −0.17%
2021 12,604 +1,551 +14.03%
2020 11,053 −1,728 −13.52%
2019 12,781 −1,745 −12.01%
2018 14,526 +849 +6.21%
2017 13,677 +32 +0.23%
2016 13,645 +2,375 +21.07%
2015 11,270 +101 +0.9%
2014 11,169 +322 +2.97%
2013 10,847 −7,152 −39.74%
2012 17,999 −1,539 −7.88%
2011 19,538 +260 +1.35%
2010 19,278 +3,177 +19.73%
2009 16,101 −8,352 −34.16%
2008 24,453 −4,563 −15.73%
2007 29,016 +8,736 +43.08%
2006 20,280

About the indicator

The number of newly registered limited liability companies over a year. Only they are counted: sole proprietorships, partnerships and cooperatives do not enter, so in countries where small business prefers simpler legal forms the indicator understates entrepreneurial activity.

Important: Limited liability companies only. Registration is not the start of activity: some registered companies never begin to operate.

Source: World Development Indicators (World Bank), license CC BY 4.0.