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

20 November 2018

Over the past three years, the CBR purchased a record amount of gold. As a result, Russia's gold reserves amounted to more than 2,000 tons, which is an equivalent of 17% of global reserves. At the same time, the Bank of Russia reduces investments in the US public debt. The central banks of other countries also started to invest more in gold, with its price sagging in August and rising again recently.

12 November 2018

The EC President Jean-Claude Juncker addressed the European Parliament with a proposal: next coming year the EU leadership should take additional steps to increase the prominence of the European currency in the global financial arena.