We provide sector specific expertise and broad ranging advice covering all aspects of intellectual property rights.
This includes advising on whether you require intellectual property protection, how best to obtain it, whether you or your competitors’ intellectual property rights are valid, whether you should litigate and how you should exploit your intellectual property rights for maximum commercial gain.
Advice & guidance is provided on:
As defined in Article 2 (viii) of the World IP Convention of 1968 of which Cyprus is a signatory, Intellectual Property includes “literary, artistic and scientific works (copyright); performances of performing artists, phonograms and broadcasts (copyright); inventions in all fields of human endeavour (patents); Scientific discoveries (patents); industrial designs; trademarks, service marks and commercial names and designations (trademarks); protection against unfair competition, and all other rights resulting from intellectual activity in the industrial, scientific, literary and artistic fields”.
Intellectual Property (IP) can be one of the most valuable assets of an Organistaion. Choosing the right location to setup your IP holding company is a very important business decision.
Cyprus offers one of the most efficient IP tax regimes in Europe coupled with the protection afforded by EU Member States and by the signatories of all major IP treaties and protocols.
Under the new Cyprus IP Box regime, applicable as from July 1st, 2016, Cyprus IP companies can achieve an effective tax rate of 2,5% (or less) on qualifying profits earned from exploiting qualifying IP. Non qualifying incomes are taxable at an effective tax rate of 12,5% (or less).
Assume that a Cyprus IP company licenses its IP to its operating foreign Companies and in return it receives royalty income of €1.000.000 per year.
The expected annual tax for the Cyprus IP Company will be as follows:
* Under the majority of Cyprus double tax treaties the withholding tax on royalty payments is 0%.
See how our lawyers can help you with Copyright, Trademarks and Patents.