Midland Consult (Cyprus)

Duly regulated by the Institute of Certified Public Accountants of Cyprus (ICPAC) and authorized   for a provision of  company registration and administrative services under Cyprus Law. Midland Consult (Cyprus) Limited is a proud member of Cyprus Fiduciary Association (CFA) — a professional association of the leading Cyprus fiduciary and company management firms.

Cyprus in European and International Business

Prior to its accession to the European Union on May 01, 2004, Cyprus has reformed its tax system by removing the label of an "offshore centre" and of a "tax haven". Nowadays Cyprus prides itself as an International Financial Centre fully compliant with EU laws and Directives, FATF, the Code of Conduct of the OECD on harmful tax practices, AML Regualtions. The new tax regime which became effective from 1 January 2013, provides for a 12,5% Corporation tax for all companies registered in Cyprus, which is still one of the lowest in the European Union. This regime, coupled with an extensive network of favorable double tax treaties, enabled Cyprus to develop into one of the most successful International, financial and commercial centres in Europe.

News

21 February 2019

Russia ranked 138th out of 180 places in the Transparency International Corruption Perception Index, sharing this place with Iran, Libya and Mexico. In 2017, the country was at the 135th position, along with Paraguay and Kyrgyzstan.

14 February 2019

After the US managed to convince the Bank of England to reject the request of Maduro government to return the gold deposited in the UK, Washington shifts its attention to Turkey, which also keeps gold for Venezuela. According to experts, Turkey's decision will be more independent based on potential gain.