Part
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Part
01
Business Statistics: Cyprus
The total number of registered companies in Cyprus in 2018 were 216,239 businesses.
THE TOTAL NUMBER OF BUSINESSES IN CYPRUS
- The total number of registered companies in Cyprus in 2018 was 216,239 businesses.
- In the current year (2019,) the total number of registered companies in Cyprus are 221,659 businesses.
NEW BUSINESSES IN CYPRUS
- Cyprus had 14,526 new businesses in total in the year 2018.
- So far there are a total 7,523 new businesses in this current year (2019).
- In 2017, about 13,743 new companies were registered in Cyprus.
PROPORTION OF ALL BUSINESSES THAT ARE SOLE TRADERS (2017 DATA)
- Sole Traders usually belong to the micro businesses group which employ 0 to 9 people and if this is the case, the number of businesses that were sole traders in Cyprus in the year 2017 was 47,800 businesses. (Source 7)
PROPORTION OF ALL BUSINESSES THAT HAVE LESS THAN 10 EMPLOYEES (2017 DATA)
- As already reported above, by 2017, there were 47,800 businesses with less than 10 employees in Cyprus.
BUSINESSES WITH LESS THAN 250 EMPLOYEES
- 51,069 businesses in Cyprus had less than 250 employees as of 2017. (Source 7)
RESEARCH STRATEGY
BROAD SEARCH
We did a broad search by analyzing data from global publications to seek information regarding the proportion of all businesses that have less than 50 million EUR in annual turnover (revenue) in Cyprus.
The information that we gathered from Global Edge wasn't specific enough in revealing the proportion of all businesses in Cyprus that have less than 50 million EUR in annual turnover or revenue. From this search, we only managed to get some general data on the economy of Cyprus.
Also, we did analyze some information that we got from PWC, a global publication, but this search also proved unsuccessful as we couldn't get the proportion of all businesses Cyprus that have less than 50 million EUR in annual turnover or revenue. Here, the only information available was about taxation in Cyprus and this was not helpful to us.
NARROW SEARCH
Since data from global publications didn't reveal the needed information, we had to narrow our search to regional and Cyprus statistics. This search aimed at finding data on the proportion of all businesses in Cyprus that have less than 50 million EUR in annual turnover (revenue). We managed to find some useful data from the Cyprus Department of Registrar of Companies about new companies and total companies. However, there was no useful information about the proportion of all businesses in Cyprus that have less than 50 million EUR in annual turnover (revenue).
Data from the European Statistical System was only about their oversight functions in Cyprus and there was no information revealing the proportion of all businesses in Cyprus that have less than 50 million EUR in annual turnover (revenue), and this search, therefore, wasn't that much helpful.
The information that we got from the European Commission sources were mainly focusing on SMEs but there was no data that specifically revealed the proportion of all businesses that have less than 50 million EUR in annual turnover (revenue) in Cyprus.
BUSINESS STATISTICAL DATA EXPLORATION
Due to the failure of our first two strategies at revealing the proportion of all businesses in Cyprus that have less than 50 million EUR in annual turnover (revenue), we had to explore business statistical data to see if we could find some useful information.
Statista, a business statistic publication, gave us the number of SMEs in Cyprus in 2017 but still, there was no useful information on the proportion of all businesses in Cyprus that have less than 50 million EUR in annual turnover (revenue), hence this data could not help us.
Just Landed gave us details on how to register a business in Cyprus. However, there were no details on our most important query.
CONCLUSION
After exhausting all means in a bid to find data on the proportion of all businesses in Cyprus that have less than 50 million EUR in annual turnover (revenue), there was no relevant data to triangulate. In conclusion, information about the proportion of all businesses in Cyprus that have less than 50 million EUR in annual turnover (revenue) was not available in the public domain.