Intellectual property can be a very valuable asset, therefore it is important to choose the right location in order to protect this.
Cyprus is a very competitive location when it comes to the protection of intellectual property. With a single IP registration in Cyprus, IP rights owned by Cyprus companies may enjoy full protection in all EU member states in addition to the protection offered due to Cyprus’s participation in all the major IP treaties and protocols.
Cyprus also compares very favourably to other countries due to tax benefits implemented in 2012 to stimulate investment into research and development of Intellectual property, such as:-
- 80% exemption on royalty income and capital gains upon disposal of IP.
- Expenditure of a capital nature for the acquisition or development of IP is claimed as a tax deduction in the year in which it was incurred and the subsequent following four years.
Cyprus also currently has in effect over 40 double taxation treaties which are valuable when it comes to tax optimisation in order to avoid being double taxed in two different jurisdictions and in many case the withholding tax on royalty payments is 0%.
If you would like to learn more about how Cyprus companies compare to other jurisdictions when it comes to protection of intellectual property or any other benefits that can serve your organisations business strategy please do not hesitate to contact us.