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 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

03 April 2018

The aggregate liabilities of Russian domestic bank clients increased by 13.2% to 12.2 trillion Roubles, the United Credit Bureau (OKB) reported, based on the analysis of loans of 82 million Russian citizens.

28 February 2018

Why do wealthy Russians change their tax residency increasingly often? As the exchange of banking information by OECD standards kicked off it caused an growing demand among Russians on changing the tax residency, the bankers claim. 60% of the wealthy Russian residents are fearing a disclosure of their foreign assets.

Midland Group

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

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Midland Trust Limited
Британские Виргинские острова
Midland
Counselors at Law
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