In the interview to state radio Cyprus Minister of Energy, Commerce, Industry and Tourism Yiorgros Lakkotrypis said that the time required for the registration of a company has been improved. Now it should take up to a three days maximum for applications that are properly filled in.

The minister said  that it should take 24 hours if applications are submitted online and around 48 hours if filed at the counters of the registrar’s office. He also mentioned that the process used to be longer than three weeks in the past.

The established framework of one to three days is being constantly checked.