If you are the owner of an Intellectual Property asset (IP) you must carefully select the appropriate place to establish your business. The important factors include taxation, legal and development prospects in your business environment.
- Cyprus has developed an auspicious Intellectual Property jurisdiction, namely the IP Box regime which is effective as of 1 July 2016.
- Cyprus’ IP Box provides companies with the lowest effective tax rate at 2.5% (instead of the regular corporate income tax rate of 12.5%) .The Cyprus IP Box is comparatively superior to The Netherlands effective tax rates of 9%, Italy’s 13.91% and France’s 10%.
- Qualifying IP Assets are those which were acquired, developed or exploited by a person within the course of their business and includes patents, computer software, and other non-obvious, useful and novel IP assets.