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 December 2018

In December, the US currency dropped in value following the statement by the Fed chairman Jerome Powell who said that the interest rates are now just below the neutral range. Bankers observe such fluctuations with calm, albeit with concern: by the end of 2019, they reckon, the value of the US dollar will enter a downward trend for many years to come. As the Fortune100 billionaire and investor Ray Dalio affirms, the USD value will collapse by 30% due to the 'triple US deficit', which ultimately will lead to the inevitable: dollar will lose its status as the global reserve currency.

10 December 2018

Servicing the large deposits of third-country nationals and shell companies in Cyprus is over. The Cypriot Minister of Finance Harris Georgiades affirms that this sort of practice on the island contributed to the financial crisis in spring 2013.

Midland Group

Midland Consult (Cyprus) LTD
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Midland Consult
(Hong Kong) Limited

Гонконг
Midland Trust Limited
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Midland
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