News and insights

In 2025, Cyprus continues to strengthen its regulatory framework regarding transparency in corporate ownership. All legal entities incorporated or registered in Cyprus are required to maintain accurate information on their …

IBCCS TAX, a leading international tax and accounting advisory firm, is proud to announce the selection of its Georgian branch, IBCCS TAX Georgia, as an official consulting partner under the …

As of Monday, 7 July 2025, Cyprus officially began accepting applications for the EU Blue Card, a new residence and work permit designed to attract highly skilled non‑EU professionals to …

For companies and self-employed professionals in Cyprus, managing tax responsibilities is crucial. In 2025, a key obligation is the payment of provisional tax. Provisional tax involves specific deadlines, calculation rules, …

On 30 April 2025, the Tax Department of Cyprus announced that the Individual’s Personal Income Tax Return for the tax year 2024 (Form I.R.1) is now accessible for electronic submission …

We are excited to announce that IBCCS TAX will be attending the Island Conference (i-Con) 2025 — one of the most important business events in Cyprus, bringing together top professionals …

Introduction Starting a business in the UAE has many opportunities. But, choosing the right business structure is key to success. The UAE offers different business structures to fit various needs. …

The United Arab Emirates (UAE) is known for being business-friendly, having low taxes, and being in a great location. This makes it a popular choice for people who want to …

Cyprus is preparing to roll out significant tax reforms designed to modernise its tax system while preserving its status as an appealing business destination. The Economics Research Centre (CypERC) has …

Setting up a holding company in Estonia is one of the most strategic moves an international investor or entrepreneur can make. With its favourable tax regime, digital infrastructure, and strong …

During the period from 1st October to 31st December of each calendar year, every entity in Cyprus must confirm electronically its beneficial owners. The Department of Registrar of Companies and …

Entrepreneurs operating in the Georgian market, it’s time to mark your calendars and start taking action! Recent legislative changes to the Entrepreneur Law will change the business landscape. By April …

The Cyprus Tax Department issued Circular 4/2024 in July 2024, regarding the exemption from income tax of 50% of the remuneration from employment exercised in Cyprus, as per the amended …

In December 2021, the European Commission published the first proposal for the Anti-Tax Avoidance Directive 3 (ATAD 3). Its goal is to tackle the abuse of companies that do not …

As of November 1, 2023, the Trust Company of the Marshall Islands has implemented a penalty fee of USD 500 for entities failing to adhere to Economic Substance Reporting (ESR). …

On March 13, 2024, the European Parliament approved the world’s first harmonized regulatory act, The AI Act (hereinafter referred to as “The Act”), establishing a groundbreaking legal framework for Artificial …

The United Arab Emirates is no longer a zero-tax jurisdiction. We were informing about this major shift in our article, back in June 2023: https://ibccs.tax/uae-corporate-tax/ Certain exemptions apply, however many …

As of March 1, 2024, the new law in Georgia, “On Personal Data Protection,” has been enacted (Hereinafter – “Law”). Certain provisions of this Law will take effect on June …