CYPRUS HAS THE LOWEST TAX RATE ON IP BOX WITHIN THE EUROPEAN UNION!
REQUIREMENTS OF THE IP BOX REGIME IN CYPRUS:
- Qualifying assets: Mainly Patents and Computer Software
- Non qualifying assets: Business names and Trademarks
- Internally or externally developed? Internally developed OR acquired at arm’s length
- Qualifying revenue: Royalty and Licensing income, profits from disposal of IP
Should all R&D staff work internally (in-house)?
You can outsource R&D but the more you outsource the higher the effective tax rate it becomes see à (https://cyprusconsultancy.com/cyprus-intellectual-property-ip/)
Can I purchase an IP asset and still qualify?
As long as the asset is purchased at arm’s length and there is continued R&D yes.
Can you confirm a positive tax ruling for IP BOX in advance?
No but we can review the status of the IP asset within the Company and consult on steps to be taken to comply with the Regime.
Can I transfer my IT business to Cyprus and claim IP BOX?
Of course, you can re-domicile your business to Cyprus à https://cyprusconsultancy.com/cyprus-company-redomiciliation/
You can incorporate a new Cyprus Company and transfer the activities on the new Company.
Both cases as long as you qualify with the above requirements you can claim IP BOX.
Still have questions?
Where to find us:
P.O. BOx 42656, P.C. 6501, 6043
Larnaca – Cyprus
Tel: +357 24663402 , Fax: +357 24663409