ARTICLE · 19 NOVEMBER 2020

Intellectual Property - Cyprus

Michael Kyprianou & Co. LLC

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Michael Kyprianou & Co. LLC

The Cyprus IP tax rate and the legal protection (by EU Member States) are the main reasons for choosing Cyprus as the country where the IP shall be centralized and managed.

CyprusIntellectual Property

Maria Georgiou

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Cyprus is considered as an ideal place for the establishment of an Intellectual Property (IP) holding and development company.

The Cyprus IP tax rate and the legal protection (by EU Member States) are the main reasons for choosing Cyprus as the country where the IP shall be centralized and managed.

Provisions of the new IP tax regime

The new Cyprus IP Box, which gives an 80% deduction on qualifying IP profits, is fully aligned with the OECD/G20 Base Erosion and Profit Shifting (BEPS) Action 5 report.

Under the provisions of the new IP tax regime, the 'Nexus approach' is followed, whereas in order for an intangible asset to qualify for the benefits of the regime, there needs to be a direct correlation with the qualifying income and the own qualifying expenses contributing to that income.

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Intellectual Property - Cyprus

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