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.


17 July 2019

Starting in 2022, dependent and overseas territories of the United Kingdom such as the isles of Guernsey, Jersey and Man, plan to publish lists of the company beneficiaries. According to the British media, the decision was taken by the authorities of these territories following a lengthy period of the EU pressuring the UK to adopt the Fifth EU Anti-Money Laundering Policy Directive.

08 July 2019

Russian citizens continue to receive huge shadow income, the government believes. The total volume, according to various estimates, ranges from 15% to 21% of the GDP, said Deputy Prime Minister Tatyana Golikova.