Limited liability company – International Black Sea University, a legal entity under private law, was founded and started functioning on August 31, 1995, based on license No. 01-17-08/1277 of the Ministry of Education.

In 2011, it passed the process of external quality assurance (authorization) and was awarded the status of a higher educational institution by the decision of June 21, 2011, No. 71 of the Council of Authorization of Educational Institutions of the National Center for Education Quality Enhancement, a legal entity under public law.

In 2018, it passed re-authorization and was granted the status of a higher educational institution (university) for a period of 6 years by decision No. 93 of the National Center for the Development of Education Quality of the National Center for Education Quality Enhancement.