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.


24 October 2018

Over the summer trimester 2018, the Russian clients of Sberbank spent more than EUR 2 billion for overseas travel (excluding the airfare). On average, individual spending is about EUR 900, although certain tourists managed to spend some EUR 14.000 on food or USD 500.000 on gambling in Monaco, Sberbank reported in October.

14 October 2018

China has reduced investment in the US debt by 7.7 billion dollars to a minimum over the past six months. Despite a seriously aggravated tensions with Washington, Beijing still remains the largest foreign holder of the treasury securities: more than a trillion dollars.