The intellectual property (IP) regulations in Cyprus are designed to promote the growth of companies conducting research and development (R&D) activities related to qualifying intangible assets (Qualifying Intangible Property, QIP). These regulations aim to incentivize innovation and are aligned with the standards of the European Union (EU) and the Organisation for Economic Co-operation and Development (OECD). Companies that develop QIPs through R&D and meet the established 'substance thresholds' according to the Base Erosion and Profit Shifting (BEPS) measures are rewarded.
For a more detailed exploration of this topic, please refer to the attached PDF
Source: WTS Cyprus
For further information please visit the following link: IP Taxation Regime Cyprus
If you have any questions about WTS Global or our global services, please get in touch.
We will respond to you as soon as possible.