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

27 August 2019

The Convention on the Recognition and Enforcement of Foreign Judgments in Civil or Commercial Matters adopted earlier on June 2, 2019 may have serious consequences for businesses in Russia. In particular, from now on, should the court decide to recover assets in Russia, this decision will be implemented anywhere on the Russian territory.

21 August 2019

The retail group Krasnoe & Beloe ("Red and White"), known in Russia as a vendor of wines, transferred its main legal entity to a foreign jurisdiction. The company will remain a tax resident of Russia, but will be able to claim a reduced tax rate.