Midland Consult (Cyprus)

Licensed and duly regulated by Cyprus Securities and Exchange Commission (CySEC ) as Adminstrative Service Provider (ASP) and has a License number 49/196 for a provision of all administrative services under Cyprus Law: ASP Law 196(I)/2012, including the management or directing of trusts (section 4(1)(a) of the Law), the undertaking or provision of the service of managing companies (section 4(1)(b)(i)-(b)(vii) of the 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 International Tax Planning

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 a tax haven. Cyprus prides itself as an international financial centre fully compliant with EU laws and Directives, the Code of Conduct of the OECD on harmful tax practices. 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 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 December 2016

The end of 2016 was marked in Moscow by the opening of a new external office of the Adjman free zone (AFZ) by its Director General sheik Mahmoud Khalil al-Hashimi in cooperation with Midland Consult. The event caused a vibrant interest on the part of the Russian business community since Adjman remains one of the most dynamic emirates of the UAE.

06 December 2016

One of the most attractive investment centres of the UAE, Ajman Free Zone Centre (AFZ) inaugurated a representative office in the Russian capital on November 28. Opening the event, the AFZ Director General Sheik Mahmoud Khalil al-Hashimi and the accompanying delegation visited the office of Midland Consult in the Moscow city centre.