IBCCS TAX Celebrates 11 Years of International Tax & Business Advisory
Time really does move fast – it feels like we’ve only just celebrated our 11th anniversary this past November, and yet we’re already stepping confidently into another year at IBCCS TAX with the same energy, ambition and excitement for what’s ahead. Before we fully dive into new projects and plans, we wanted to share a […]
ZERO TAX for UAE Residents? How to Legally Use Foreign Companies (Cyprus, Malta, Georgia & More!)
Tax Planning for UAE Residents: How to Optimize Your Business Structure and Minimize Taxes The UAE has long been known as a business-friendly jurisdiction, offering zero personal income tax and attractive corporate tax benefits. However, with the introduction of a 9% corporate tax in 2023, many business owners and professionals in the UAE are seeking […]
How to Choose the Best Business Structure in the UAE: A Complete Guide for Entrepreneurs
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. Whether you want full control or tax benefits, this guide will help you decide. Why Business Structure in the UAE Matters The business structure you […]
How to Set Up a Business in the UAE: A Step-by-Step Guide for Entrepreneurs
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 start a business. If you want to start a business in the UAE, this step-by-step guide will help you understand the process easily. Introduction Starting […]
ATAD 3: economic substance requirements
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 carry out any economic activities – namely shell entities. Therefore, the directive is also known as the “Unshell Directive”. The proposal was approved by the […]
Marshall Islands & Substance Reporting
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). This move comes as part of the country’s commitment to upholding international standards and remaining in the European Union’s whitelist. Reporting obligation Since 2020 […]
UAE Tax Landscape: 9% CIT
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 of the businesses will now pay a corporation tax. On-shore entities, as well as Free Zone entities involved in transactions with on-shore entities, will be subject […]