Europe’s Unrivalled Intellectual Property Regime
Intellectual Property (IP) is increasingly becoming one of the most valued assets of businesses.
Therefore, choosing the appropriate location for its exploitation proves essential for effective
protection and extraction of maximum value. Cyprus offers an ideal regime by combining a simple,
user-friendly, modern legal system, coupled with a hugely advantageous IP tax regime that enables
companies to achieve tax optimisation.
This article is essentially divided into two main sections. Firstly, we aim to examine the advantageous ‘IP Box’ scheme put in place in Cyprus, after the approval of a series of tax incentives by the Cyprus Parliament on the 24th of May 2012. Specifically, we will engage in a brief but comprehensive analysis of this beneficial IP regime, focusing on the high-percentaged exemptions of profits from income tax. Secondly, we will engage in an examination of the county’s modern, user-friendly and customer-focused framework for IP exploitation and development.
