About the Department of Registrar
of Companies and Official Receiver
The Sections which today constitute the Department of the
Registrar of Companies and Official Receiver were established in
the beginning of the 20th century and were incorporated in various
services such the Customs and the Supreme Court.
In 1946 the Department was united under the Ministry of
Commerce, Industry and Tourism. Although it has been offering
services to the commercial and industrial world for nearly a
century its role has never been so important and necessary for
businessmen as it is today.
The Department is responsible for the registration, control and
good functioning of Companies, Partnerships, Business Names,
Trademarks and Patents under the relevant legislations and also
administrates the properties of insolvent companies and
The Department's goal is to offer correct and accurate
information to the public for the promotion of trade by giving the
current status of all the registered businesses, their products,
services and economic affairs.
The Department's efficient functioning is of vital importance
especially in the services sector and it serves 561 advocates'
offices and 359 accountants' offices which currently employ more
than 4,100 persons.
The Department promotes the economy and facilitates commercial
transactions in all the sectors of the economy. There are currently
more than 100 thousand companies and it is expected that by the
year 2,000 they will reach 150,000.
The Department has also played a major part in the protection of
intellectual property in Cyprus and by amending the relevant
legislation it has encouraged original creation in all fields
especially in the sectors of electronic computer programmes, music
and theatrical works.
A rapid development is expected on Patents' protection when the
House of Representatives votes for the relevant enactment of the
legislation which is now pending before it. On passing this new
legislation, foreign investments in new technology will be
encouraged especially from European countries.
The registration of offshore and maritime companies also
encourages foreign investments, and offers employment to Cypriot
professionals and clerical personnel. Up to this date approximately
40 thousand offshore and maritime companies have been registered
and Cyprus is currently among the 10 largest International Offshore
The Department's direct revenue is over £5 m. annually with
prospects for an increase in the coming years.
The Department's internal procedures combine the most efficient
principles of the Public Sector, together with good administration
targeting to efficiency and high quality thus meeting the
requirements of today's businessman.
The Department offers fast and high quality service to the
public and the well-trained staff is always willing to serve and
give explanations and information to all inquiries.