We undertook a project to advise of, then prepared and submitted an Advanced Tax Ruling request to the Cyprus Tax Department on behalf of a client, an online tourist publisher, concerning their eligibility for the Cyprus IP Box regime. Initially, the client was not eligible due to certain existing agreements, so our team first assisted in restructuring these agreements and the company itself to align with the IP Box requirements. Leveraging our deep understanding of the relevant legislation, practice, and interpretive guidance issued, we meticulously analyzed the client's business and R&D activities to prepare a comprehensive and detailed submission. While we are still finalizing the restructuring process and have not yet received a favorable outcome, our efforts are geared towards securing substantial tax benefits for the client under this regime.