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.


30 July 2017

The Cypriot authorities started the summer of 2017 by signing two new double taxation treaties: with Luxembourg and Barbados. Both treaties are based on the principles of the OECD frame convention.

30 June 2017

The leaders of Russia and Germany met last month in Sochi to discuss the situation in Syria, compliance with the Minsk agreement and the preparations for the G20 summit. Germany remains Russia’s major economic partner, with the trade turnover in 2017 up by more than 40%, as the Russian President Putin observed after his meeting with the German Chancellor Angela Merkel.