Meet IBCCS TAX at Island Conference (i-Con) 2025 in Limassol, Cyprus
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 from iGaming, Fintech, Crypto, Affiliate Marketing, and other emerging Online High-Risk industries. Date: 29–30 May 2025 Location: City of Dreams Mediterranean, Limassol, Cyprus Visit us […]
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 […]
Tax Reform in Cyprus – First Proposals and Potential Impact Introduction
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 recently released a Tax Reform Proposal after engaging with stakeholders, policymakers, and experts. These reforms aim to improve tax efficiency, stimulate economic growth, and bring […]
Formation and Management of Your Holding Company in Estonia
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 legal system, Estonia offers a modern gateway into the European business landscape. In this comprehensive guide, we explore why Estonia stands out as an exceptional […]
Confirmation of Information in the UBO Register
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 Intellectual Property (DRCIP) announced that all entities incorporated or registered in Cyprus must log into the register of ultimate beneficial owners (UBO) between October 1, […]
Significant Updates to Georgia’s Entrepreneur Law
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 1, 2025, all registered businesses (except sole proprietorships and nonprofits) must update their registration information. Let’s look at what these changes mean for your business […]
50% Expatriate Relief on Employment Income: Guidance
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 Article 8(23A) of the Income Tax Law. We were writing about the new expatriate relief (introduced on 30 June 2023) in our article: https://ibccs.tax/50-expatriate-relief-on-employment-income-in-cyprus-new-tax-incentive-law-now-published/ The […]
Blue Card in Cyprus
On 11 July 2024 the Cypriot Parliament approved a new law regarding the implementation of the EU framework for Blue Cards – a work and residence permit for highly qualified third-country nationals. The law is now expected to be published in the Official Gazette of Cyprus. Highly qualified individuals The Blue Card is a […]
CYPRUS: PROVISIONAL TAX 2024
Provisional tax in Cyprus is a system of advance tax payments. It is designed to ensure that taxpayers pay a portion of their expected annual tax liability throughout the year. Computation of Temporary Tax According to the Cyprus Income Tax Law, all Cyprus companies must proceed with the submission and payment of the provisional […]
