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

24 September 2019

Imagine a world where no country but the U.S.A. uses the USD? Each country or group of countries will start using own currency for domestic and international trade, currency based on the economic capacity and not on governmental decrees. It might be traditional money or their own new sovereign cryptocurrencies, controlled by the state. This will no longer be either the U.S. dollar, or its adoptive child, the euro. There will no longer be international transactions controlled by the U.S. banks via the SWIFT, an international system of transfers tied up on the USD. This system allows and facilitates for the United States to implement financial and economic sanctions of all kinds: confiscate foreign funds, suspend trade between countries, blackmail 'disobedient' states, forcing them to submission.

12 September 2019

The idea of creating a "Russian offshore zone" is traditionally met by sceptical voices: the dominant opinion in the Russian media is that nothing would ever make Russian businesses abandon the Channel islands with their added value of the British jurisdiction, British legal system and the ownership rights "guaranteed by the British crown". Why move to Russia, which is considered by some to be a country of an extremely cold, one might say, Arctic-cold, investment climate and a strict regulatory system?