Intellectual Property Box Or Patent In Cyprus

If you are an owner of an Intellectual Property asset, you must select the appropriate jurisdiction to establish your business. The factors to consider when making this decision include taxation, legal framework and development prospects in the local business environment.

Cyprus has developed a favourable Intellectual Property jurisdiction, namely the IP Box Regime; also called Patent Box or Innovation Box. This is a business tax regime used to encourage research and development activities regarding an Intellectual Property asset. Its main function is to tax the income derived from a licence, a sublicence, a sale or a transfer of Qualified IP assets. It offers business people an ideal environment with low taxes, a flexible legal framework and development opportunities.