Our experienced team understands the intricacies of intellectual property (IP) tax planning and the relevant Cyprus laws. By entrusting us with this process, you can benefit from the advantages of the IP Box regime while ensuring compliance with the tax regulations.
The IP Box Tax Ruling, also known as the Intellectual Property (IP) Box regime, is a tax incentive introduced by the Cyprus government. It aims to attract and encourage businesses to develop and commercialize intellectual property within Cyprus. By obtaining an IP Box Tax Ruling, eligible businesses can benefit from a reduced corporate tax rate on their qualifying IP-related profits.
To qualify for the IP Box Tax Ruling, businesses must have qualifying assets. In the context of this regime, qualifying assets refer to intellectual property assets such Patents, computer software, utility models, useful or novel rights, and other IP assets such as nonobvious that are the result of research and development (R&D) activities.
Eligible businesses that can apply for the IP Box Tax Ruling include:
Obtaining an IP Box Tax Ruling can bring several advantages to businesses operating in Cyprus:
The IP Box Tax Ruling is governed by various laws and regulations in Cyprus. Some of the key legislations and guidelines that businesses need to consider include:
At IBCCS TAX, we offer comprehensive services to assist businesses in applying for an IP Box Tax Ruling in Cyprus. Our experienced team.
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Since 2014 we’ve continually explored new ways of finding viable solutions. Our vision is to keep doing business that inspires us to create more. Our mission is to create a better everyday operating life for the businesses and to offer a wide range of tailor-made solutions.
We assist our clients in relocation and at all stages of their entrepreneurship adventure: from structuring the business in a tax-efficient manner, through the daily administration and operations of the companies.
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