Excellent news for anyone interested to invest in Cyprus in the field of intellectual property rights, innovation and startups!
Except for the provisions of the IP Box, which among others, provides 80% tax exemptions on worldwide royalty income and/or on profit generated from IP owned by Cypriot resident companies, the new tax law Ν. 115(Ι)/2014, provides that any expenditure incurred by an individual to buy shares in innovative startups is deductible from his/her taxable income.
Cyprus, today provides one of the best tax regimes for intellectual property rights in the EU!
But opportunity awaits those who effectively harness this brave new world!
Do you want to know more?
Just send us an emai to info@ipcyprus.com
