Intellectual Properties
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Intellectual Properties
Cyprus International Trusts are governed by the International Trusts Law, 1992 which regulates the establishment and administration of International Trusts. It has been completed by new amendments in March 2012.
Cyprus is a member of the World Intellectual Property Organization (WIPO) and of other International Conventions and Treaties.
In May 2012, tax amendments have been voted, which are now more important for companies whose one of their main activities is Intellectual Property.
80% of profits generated as royalties are exempted from corporate tax
20% will be subject to the normal corporate tax rate of 12.5%
The definition of Patent & Intellectual Property rights has been amended to correspond to the meaning of the local Patent Rights Law of 1998, the Intellectual Property Law of 1976 and the Law regarding Trademarks.
The new amendments will attract investment from overseas and make Cyprus more attractive for IP holders and developers for registering their IPs.
Our Firm provides advice and assists clients for the acquisition, registration and protection of their intellectual property rights.