{"id":855,"date":"2022-09-16T14:00:04","date_gmt":"2022-09-16T14:00:04","guid":{"rendered":"https:\/\/ipbox.j.scaleforce.com.cy\/?page_id=855"},"modified":"2025-02-26T07:01:26","modified_gmt":"2025-02-26T07:01:26","slug":"home","status":"publish","type":"page","link":"https:\/\/ipbox.cy\/","title":{"rendered":"Home"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"855\" class=\"elementor elementor-855\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6223f181 elementor-section-full_width elementor-section-stretched elementor-section-height-default elementor-section-height-default\" data-id=\"6223f181\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;stretch_section&quot;:&quot;section-stretched&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-27723638\" data-id=\"27723638\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-43203257 elementor-widget elementor-widget-heading\" data-id=\"43203257\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h1 class=\"elementor-heading-title elementor-size-large\">CYPRUS IP BOX REGIME<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-45d57310 elementor-hidden-mobile elementor-widget elementor-widget-text-editor\" data-id=\"45d57310\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Benefit From Intellectual Property Law<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5b5f4783 elementor-section-content-middle elementor-reverse-mobile elementor-section-stretched mob-no-bg elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5b5f4783\" data-element_type=\"section\" id=\"what-is\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;stretch_section&quot;:&quot;section-stretched&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-727fa578\" data-id=\"727fa578\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3b6c6523 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"3b6c6523\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-md\" href=\"#contact-us\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Request Consultation<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dfeecdd nav-align-right elementor-widget elementor-widget-eael-one-page-nav\" data-id=\"dfeecdd\" data-element_type=\"widget\" data-settings=\"{&quot;heading_alignment&quot;:&quot;right&quot;}\" data-widget_type=\"eael-one-page-nav.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t        <div class=\"eael-one-page-nav-container\">\n            <ul class=\"eael-one-page-nav\" id=\"eael-one-page-nav-dfeecdd\" data-section-id=\"eael-one-page-nav-dfeecdd\" data-top-offset=\"0\" data-scroll-speed=\"700\" data-scroll-wheel=\"\" data-scroll-touch=\"\" data-scroll-keys=\"off\" data-section-ids=\"[&quot;what-is&quot;,&quot;features&quot;,&quot;key&quot;,&quot;ip-box-regime&quot;,&quot;examples&quot;,&quot;contact-us&quot;]\">\n                <li class=\"eael-one-page-nav-item\"><span class=\"eael-nav-dot-tooltip eael-tooltip-arrow\"><span class=\"eael-nav-dot-tooltip-content\">What is IP BOX<\/span><\/span><a href=\"#\" data-row-id=\"what-is\"><span class=\"eael-nav-dot-wrap\"><i class=\"eael-nav-dot fas fa-circle\"><\/i><\/span><\/a><\/li><li class=\"eael-one-page-nav-item\"><span class=\"eael-nav-dot-tooltip eael-tooltip-arrow\"><span class=\"eael-nav-dot-tooltip-content\">Features<\/span><\/span><a href=\"#\" data-row-id=\"features\"><span class=\"eael-nav-dot-wrap\"><i class=\"eael-nav-dot fas fa-circle\"><\/i><\/span><\/a><\/li><li class=\"eael-one-page-nav-item\"><span class=\"eael-nav-dot-tooltip eael-tooltip-arrow\"><span class=\"eael-nav-dot-tooltip-content\">Key Differences<\/span><\/span><a href=\"#\" data-row-id=\"key\"><span class=\"eael-nav-dot-wrap\"><i class=\"eael-nav-dot fas fa-circle\"><\/i><\/span><\/a><\/li><li class=\"eael-one-page-nav-item\"><span class=\"eael-nav-dot-tooltip eael-tooltip-arrow\"><span class=\"eael-nav-dot-tooltip-content\">Nexus Fraction<\/span><\/span><a href=\"#\" data-row-id=\"ip-box-regime\"><span class=\"eael-nav-dot-wrap\"><i class=\"eael-nav-dot fas fa-circle\"><\/i><\/span><\/a><\/li><li class=\"eael-one-page-nav-item\"><span class=\"eael-nav-dot-tooltip eael-tooltip-arrow\"><span class=\"eael-nav-dot-tooltip-content\">Examples<\/span><\/span><a href=\"#\" data-row-id=\"examples\"><span class=\"eael-nav-dot-wrap\"><i class=\"eael-nav-dot fas fa-circle\"><\/i><\/span><\/a><\/li><li class=\"eael-one-page-nav-item\"><span class=\"eael-nav-dot-tooltip eael-tooltip-arrow\"><span class=\"eael-nav-dot-tooltip-content\">Contact Us<\/span><\/span><a href=\"#\" data-row-id=\"contact-us\"><span class=\"eael-nav-dot-wrap\"><i class=\"eael-nav-dot fas fa-circle\"><\/i><\/span><\/a><\/li>            <\/ul>\n        <\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-123b40b2 elementor-widget elementor-widget-heading\" data-id=\"123b40b2\" data-element_type=\"widget\" id=\"what-is-ip-box\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-large\">WHAT IS IP BOX REGIME?<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7c4bb05d elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"7c4bb05d\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-179d73e7 m-b-0 elementor-widget elementor-widget-text-editor\" data-id=\"179d73e7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><b>IP Box Regime<\/b> (known also as a patent box, innovation box or IP box) is a corporate tax regime used by many countries to incentivize research and development activities by taxing revenues deriving from licenses, royalties, patents, sale or transfer of qualified IP assets differently offering lower taxes compared to other commercial revenues.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-64228b2 show_hide-content column  elementor-hidden-desktop elementor-hidden-tablet elementor-hidden-mobile elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"64228b2\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-84860ff\" data-id=\"84860ff\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-07076d2 elementor-widget elementor-widget-text-editor\" data-id=\"07076d2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<b>Intellectual Property<\/b> (IP) is a commonly used term which includes mind creation results such as software programs, innovative algorithms and formulas, inventions, trade-secrets and know-how, manufacturing practices, marketing concepts, artistic works, designs, images, names and inventions used in commerce. It is one of the most valued assets a company can have.\n\nThe IP assets may not have a fixed geographical nexus and can be relocated without significant costs. 85% of multinational companies use this flexibility to reduce overall tax burden by allocating valuable IP to group companies resident in countries with advanced IP box regime.\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-e6faeea mob-no-bg\" data-id=\"e6faeea\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-15f58d8 elementor-widget elementor-widget-heading\" data-id=\"15f58d8\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-large\">HISTORY OF IP BOX REGIME<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e7d82e2 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"e7d82e2\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-34f19b8 elementor-widget elementor-widget-text-editor\" data-id=\"34f19b8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Ireland introduced for the very first time a scheme in its Corporation Tax on 1970s, more specifically, was section 34 of the 1973 Finance Act, that gave the first incentive to total tax relief to respect royalties and other income from licenses patented in Ireland, even though this scheme was withdrawn later on 2010 under the National recovery Plan 2011-2015 of the Republic of Ireland.<\/p><p>French Tax Authorities, decided to adopt Ireland\u2019s example, on 2001 in reducing rate of tax of revenues gained from IP licensing or the transfer of qualified IP. Later IP box regime started being a financial \u201ctrend\u201d for several European countries such as Belgium, France, Hungary, Luxembourg, Netherlands, Spain, United Kingdom, Switzerland and Cyprus.<\/p><p>Referring IP Box Regime all over the Europe, it can be divided in two big groups: first one provides for reduced rates of tax on qualifying income (this strategy is implemented by France, Netherlands and United Kingdom), while second group, provides for an exemption of a specified proportion of revenues (this is implemented by Spain, Luxembourg, Belgium, Hungary and Cyprus). The second group subdivides into schemes that exempt a proportion of gross and those that exempt a proportion of net revenues.<\/p><p>It is very convenient to deal with intellectual property due to its non-physical character. So it can be easily border-crossed between different jurisdictions and tax systems, according to prevailing circumstances and developments in different countries.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-48f412c1 elementor-align-center show_hide pointer elementor-widget elementor-widget-button\" data-id=\"48f412c1\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-size-md\" role=\"button\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Details<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6a4cece2 elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6a4cece2\" data-element_type=\"section\" id=\"features\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;stretch_section&quot;:&quot;section-stretched&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1953cf7c\" data-id=\"1953cf7c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6e9c2c28 elementor-widget elementor-widget-heading\" data-id=\"6e9c2c28\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-large\">PRINCIPAL FEATURES OF IP BOX REGIME<br \/> IN CYPRUS<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3cb00a44 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"3cb00a44\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-71b8dbe3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"71b8dbe3\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-42aa411b\" data-id=\"42aa411b\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-10dffeb4 m-b-0 bold-xxx-large elementor-widget elementor-widget-text-editor\" data-id=\"10dffeb4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>80% exemption<\/strong><br \/>of qualified profit from exploitation of IP assets<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-3f718733\" data-id=\"3f718733\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-13fcb631 elementor-widget elementor-widget-text-editor\" data-id=\"13fcb631\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\tFour-fifths (80%) of the profit earned from the use of intangible assets is deducted for tax purposes. So, only 20% of IP income after deduction of the costs of earning the income, is taken into calculation. Therefore applying to Cyprus corporate tax rate of 12.5%, which is among the lowest in the EU, provides the effective tax rate of 2.5%.\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-7624df29 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7624df29\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-61cf32dd\" data-id=\"61cf32dd\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4d2a2f7e m-b-0 bold-xxx-large elementor-widget elementor-widget-text-editor\" data-id=\"4d2a2f7e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>0% tax<\/strong> on the gain from disposal of IP assets as a capital nature transactions<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-cf8e765\" data-id=\"cf8e765\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-469317ab elementor-widget elementor-widget-text-editor\" data-id=\"469317ab\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\tOn 17 July 2020, the Cypriot House of Representatives approved a bill amending Section 9(1)(l) of the Income Tax Law which introduced a number of changes with respect to the tax treatment of intangible assets. Specifically, if disposal of intangible assets is a capital nature transaction then the resulting capital gain should not be taxable. The changes became effective from 1 January 2020 and the obligation to prepare a balancing statement upon a transfer or sale of an intangible asset is abolished.\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-51fa5f10 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"51fa5f10\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-303b4f45\" data-id=\"303b4f45\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-383e5bb9 m-b-0 bold-xxx-large elementor-widget elementor-widget-text-editor\" data-id=\"383e5bb9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>Up to 20 years<\/strong> amortization period<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-e85d106\" data-id=\"e85d106\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-227cb3b1 m-b-0 elementor-widget elementor-widget-text-editor\" data-id=\"227cb3b1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Capital expenditure related to IP acquisition or development may be deducted in the first tax year in which the expense was incurred as well as in the subsequent years. That is, development or acquisition expenses are amortized over a period of up to 20 years. This in practice can lower the effective tax rate to less than 2%.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6d23f412 elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6d23f412\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;stretch_section&quot;:&quot;section-stretched&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-15be5ceb\" data-id=\"15be5ceb\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-24f00ab6 elementor-widget elementor-widget-text-editor\" data-id=\"24f00ab6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Countries battle to attract innovative businesses by providing discounted tax rates for companies that established proper IP rights accounting and related cross-border operations<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-71797bbe elementor-align-center elementor-widget elementor-widget-button\" data-id=\"71797bbe\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-md\" href=\"#contact-us\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Get More Information<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-396d5dd7 elementor-section-content-middle elementor-reverse-mobile elementor-section-stretched key-1 mob-no-bg elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"396d5dd7\" data-element_type=\"section\" id=\"key-differences\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;stretch_section&quot;:&quot;section-stretched&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f6aa5e0\" data-id=\"f6aa5e0\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-337295af elementor-widget elementor-widget-heading\" data-id=\"337295af\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-large\">THE KEY DIFFERENCES BETWEEN COUNTRIES APPLYING IP BOX REGIME\u200b<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-94f5ec3 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"94f5ec3\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-270959eb m-b-0 elementor-widget elementor-widget-text-editor\" data-id=\"270959eb\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>One jurisdiction will be better on certain aspects, but another will be better on others, and the differences will have to be assessed and weighed against one another to make the best decision of the solution.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1c393dfc custom-table elementor-hidden-mobile elementor-hidden-tablet elementor-widget elementor-widget-text-editor\" data-id=\"1c393dfc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\"><tbody><tr><td style=\"width: 9%;\">\u00a0<\/td><td style=\"text-align: center; width: 9%;\">Cyprus<\/td><td style=\"text-align: center; width: 7%;\">Belgium<\/td><td style=\"text-align: center; width: 9%;\">Hungary<\/td><td style=\"text-align: center; width: 10%;\">Luxembourg<\/td><td style=\"text-align: center; width: 11%;\">Netherlands<\/td><td style=\"text-align: center; width: 7%;\">France<\/td><td style=\"text-align: center; width: 10%;\">United Kingdom<\/td><\/tr><tr class=\"t-head\"><td style=\"width: 9%;\"><p style=\"margin-left: 5.95pt;\"><strong>Effective Tax Rate<\/strong><\/p><\/td><td style=\"width: 9%;\"><p style=\"margin-left: 5.65pt;\">2.5%<\/p><\/td><td style=\"width: 7%;\"><p style=\"margin-left: 5.65pt;\">4.44%<\/p><\/td><td style=\"width: 9%;\">4.5%<\/td><td style=\"width: 10%;\"><p style=\"margin-left: 5.65pt;\">5.2%<\/p><\/td><td style=\"width: 11%;\"><p style=\"margin-left: 5.65pt;\">7%<\/p><\/td><td style=\"width: 7%;\"><p style=\"margin-left: 5.65pt;\">10%<\/p><\/td><td style=\"width: 10%;\"><p style=\"margin-left: 5.65pt;\">10%<\/p><\/td><\/tr><tr><td style=\"width: 9%;\"><p style=\"margin-left: 5.95pt;\"><strong>Qualifying IP Assets<\/strong><\/p><\/td><td style=\"width: 9%;\"><p style=\"margin-left: 5.65pt;\">Patents, computer software, utility models, other IP assets such as non obvious, useful or novel rights<\/p><\/td><td style=\"width: 7%;\"><p style=\"margin-left: 5.65pt;\">Patents and supplementary patent certificates, copyrighted software<\/p><\/td><td style=\"width: 9%;\">Patents, utility model protection, copyrighted software<\/td><td style=\"width: 10%;\"><p style=\"margin-left: 5.65pt;\">Patents, trademarks, designs, domain names, models and software copyrights, brands for services for goods such as productions and marketing know-how<\/p><\/td><td style=\"width: 11%;\"><p style=\"margin-left: 5.65pt;\">Self-developed intellectual property relating to patents, copyrighted software or approved R&amp;D<\/p><\/td><td style=\"width: 7%;\"><p style=\"margin-left: 5.65pt;\">Patents, utility certificates, copyrighted software<\/p><\/td><td style=\"width: 10%;\"><p style=\"margin-left: 5.65pt;\">Patent and rights similar to it<\/p><\/td><\/tr><tr><td style=\"width: 9%;\"><p style=\"margin-left: 5.95pt;\"><strong>Ineligible IP Assets<\/strong><\/p><\/td><td style=\"width: 9%;\">Business names, trademarks, image rights, marketing activities<\/td><td style=\"width: 7%;\"><p style=\"margin-left: 5.65pt;\">Know-how, trademarks, designs, models, formulas and processes<\/p><\/td><td style=\"width: 9%;\">Designs<\/td><td style=\"width: 10%;\"><p style=\"margin-left: 5.65pt;\">Formulas, copyrights (other than software)<\/p><\/td><td style=\"width: 11%;\"><p style=\"margin-left: 5.65pt;\">Trademarks, brands and acquired IP<\/p><\/td><td style=\"width: 7%;\"><p style=\"margin-left: 5.65pt;\">Non patentable inventions, R&amp;D activities<\/p><\/td><td style=\"width: 10%;\"><p style=\"margin-left: 5.65pt;\">Trademarks, copyrights and designs<\/p><\/td><\/tr><tr><td style=\"width: 9%;\"><p style=\"margin-left: 5.95pt;\"><strong>Internally Developed or Acquired?<\/strong><\/p><\/td><td style=\"width: 9%;\"><p style=\"margin-left: 5.65pt;\">Internally developed and acquired intellectual property<\/p><\/td><td style=\"width: 7%;\"><p style=\"margin-left: 5.65pt;\">Self-developed IP rights or acquired or licensed from third parties<\/p><\/td><td style=\"width: 9%;\">Internally developed and acquired intellectual property<\/td><td style=\"width: 10%;\"><p style=\"margin-left: 5.65pt;\">Internally developed and acquired intellectual property, but not IP acquired from a related party<\/p><\/td><td style=\"width: 11%;\"><p style=\"margin-left: 5.65pt;\">Self-developed only<\/p><\/td><td style=\"width: 7%;\"><p style=\"margin-left: 5.65pt;\">Internally developed and acquired intellectual property<\/p><\/td><td style=\"width: 10%;\"><p style=\"margin-left: 5.65pt;\">Internally developed and acquired intellectual property<\/p><\/td><\/tr><tr><td style=\"width: 9%;\"><p style=\"margin-left: 5.95pt;\"><strong>Limitations on Where R&amp;D Takes Place<\/strong><\/p><\/td><td style=\"width: 9%;\"><p style=\"margin-left: 5.65pt;\">Some<\/p><\/td><td style=\"width: 7%;\"><p style=\"margin-left: 5.65pt;\">Some<\/p><\/td><td style=\"width: 9%;\">None<\/td><td style=\"width: 10%;\"><p style=\"margin-left: 5.65pt;\">None<\/p><\/td><td style=\"width: 11%;\"><p style=\"margin-left: 5.65pt;\">Some<\/p><\/td><td style=\"width: 7%;\"><p style=\"margin-left: 5.65pt;\">None<\/p><\/td><td style=\"width: 10%;\"><p style=\"margin-left: 5.65pt;\">None<\/p><\/td><\/tr><tr><td style=\"width: 9%;\"><p style=\"margin-left: 5.95pt;\"><strong>Qualifying Revenue<\/strong><\/p><\/td><td style=\"width: 9%;\">Royalty, licensing fees, compensation income, trading profits from the disposal of IP, capital nature gains form the disposal not subject to any tax<\/td><td style=\"width: 7%;\">Patent income<\/td><td style=\"width: 9%;\">Royalties<\/td><td style=\"width: 10%;\"><p style=\"margin-left: 5.65pt;\">Royalties net of costs (amortisation, R&amp;D costs, interest)<\/p><\/td><td style=\"width: 11%;\"><p style=\"margin-left: 5.65pt;\">Net income from qualifying assets<\/p><\/td><td style=\"width: 7%;\"><p style=\"margin-left: 5.65pt;\">Net results derived from licensing, sublicensing or selling of qualifying of IP rights<\/p><\/td><td style=\"width: 10%;\"><p style=\"margin-left: 5.65pt;\">Net income from qualifying intellectual property<\/p><\/td><\/tr><tr><td style=\"width: 9%;\"><p style=\"margin-left: 5.95pt;\"><strong>Deduction Rate<\/strong><\/p><\/td><td style=\"width: 9%;\"><p style=\"margin-left: 5.65pt;\">80%<\/p><\/td><td style=\"width: 7%;\"><p style=\"margin-left: 5.65pt;\">85%<\/p><\/td><td style=\"width: 9%;\">50%<\/td><td style=\"width: 10%;\"><p style=\"margin-left: 5.65pt;\">80%<\/p><\/td><td style=\"width: 11%;\"><p style=\"margin-left: 5.65pt;\">None \u2013 reduced tax rate<\/p><\/td><td style=\"width: 7%;\"><p style=\"margin-left: 5.65pt;\">None-reduced tax rate<\/p><\/td><td style=\"width: 10%;\"><p style=\"margin-left: 5.65pt;\">None \u2013 reduced tax rate<\/p><\/td><\/tr><tr><td style=\"width: 9%;\"><p style=\"margin-left: 5.95pt;\"><strong>Overall Limit of Deduction<\/strong><\/p><\/td><td style=\"width: 9%;\"><p style=\"margin-left: 5.65pt;\">None<\/p><\/td><td style=\"width: 7%;\"><p style=\"margin-left: 5.65pt;\">100% of pre-tax income<\/p><\/td><td style=\"width: 9%;\">50% of pre-tax income<\/td><td style=\"width: 10%;\"><p style=\"margin-left: 5.65pt;\">None<\/p><\/td><td style=\"width: 11%;\"><p style=\"margin-left: 5.65pt;\">None<\/p><\/td><td style=\"width: 7%;\"><p style=\"margin-left: 5.65pt;\">None<\/p><\/td><td style=\"width: 10%;\"><p style=\"margin-left: 5.65pt;\">None<\/p><\/td><\/tr><tr><td style=\"width: 9%;\"><p style=\"margin-left: 5.95pt;\"><strong>Gains on Disposal Included<\/strong><\/p><\/td><td style=\"width: 9%;\"><p style=\"margin-left: 5.65pt;\">Yes<\/p><\/td><td style=\"width: 7%;\"><p style=\"margin-left: 5.65pt;\">No<\/p><\/td><td style=\"width: 9%;\">Yes<\/td><td style=\"width: 10%;\"><p style=\"margin-left: 5.65pt;\">Yes<\/p><\/td><td style=\"width: 11%;\"><p style=\"margin-left: 5.65pt;\">Yes<\/p><\/td><td style=\"width: 7%;\"><p style=\"margin-left: 5.65pt;\">Yes<\/p><\/td><td style=\"width: 10%;\"><p style=\"margin-left: 5.65pt;\">Yes<\/p><\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-713c62e key-toggle elementor-hidden-desktop elementor-widget elementor-widget-toggle\" data-id=\"713c62e\" data-element_type=\"widget\" data-widget_type=\"toggle.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-toggle\">\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<h3 id=\"elementor-tab-title-1181\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-1181\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"icobox- ico-box-icon_plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened icobox- ico-box-icon_minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\"><span>2.5%<\/span> Cyprus<\/a>\n\t\t\t\t\t<\/h3>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1181\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-1181\"><p><strong>Qualifying IP Assets<\/strong><br \/>Patents, computer software, utility models, other IP assets such as non obvious, useful or novel rights<\/p><p><strong>Ineligible IP Assets<\/strong><br \/>Business names, trademarks, image rights, marketing activities<\/p><p><strong>Internally Developed or Acquired?<\/strong><br \/>Internally developed and acquired intellectual property<\/p><p><strong>Limitations on Where R&amp;D Takes Place<\/strong><br \/>Some<\/p><p><strong>Qualifying Revenue<\/strong><br \/>Royalty, licensing fees, compensation income, trading profits from the disposal of IP, capital nature gains form the disposal not subject to any tax<\/p><p><strong>Deduction Rate<\/strong><br \/>80%<\/p><p><strong>Overall Limit of Deduction<\/strong><br \/>None<\/p><p><strong>Gains on Disposal Included<\/strong><br \/>Yes<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<h3 id=\"elementor-tab-title-1182\" class=\"elementor-tab-title\" data-tab=\"2\" role=\"button\" aria-controls=\"elementor-tab-content-1182\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"icobox- ico-box-icon_plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened icobox- ico-box-icon_minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\"><span>4.44%<\/span> Belgium<\/a>\n\t\t\t\t\t<\/h3>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1182\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"region\" aria-labelledby=\"elementor-tab-title-1182\"><p><strong>Qualifying IP Assets<\/strong><br \/>Patents and supplementary patent certificates, copyrighted software<\/p><p><strong>Ineligible IP Assets<\/strong><br \/>Know-how, trademarks, designs, models, formulas and processes<\/p><p><strong>Internally Developed or Acquired?<\/strong><br \/>Self-developed IP rights or acquired or licensed from third parties<\/p><p><strong>Limitations on Where R&amp;D Takes Place<\/strong><br \/>Some<\/p><p><strong>Qualifying Revenue<\/strong><br \/>Patent income<\/p><p><strong>Deduction Rate<\/strong><br \/>85%<\/p><p><strong>Overall Limit of Deduction<\/strong><br \/>100% of pre-tax income<\/p><p><strong>Gains on Disposal Included<\/strong><br \/>No<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<h3 id=\"elementor-tab-title-1183\" class=\"elementor-tab-title\" data-tab=\"3\" role=\"button\" aria-controls=\"elementor-tab-content-1183\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"icobox- ico-box-icon_plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened icobox- ico-box-icon_minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\"><span>4.5%<\/span> Hungary<\/a>\n\t\t\t\t\t<\/h3>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1183\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"region\" aria-labelledby=\"elementor-tab-title-1183\"><p><strong>Qualifying IP Assets<\/strong><br \/>Patents, utility model protection, copyrighted software<\/p><p><strong>Ineligible IP Assets<\/strong><br \/>Designs<\/p><p><strong>Internally Developed or Acquired?<\/strong><br \/>Internally developed and acquired intellectual property<\/p><p><strong>Limitations on Where R&amp;D Takes Place<\/strong><br \/>None<\/p><p><strong>Qualifying Revenue<\/strong><br \/>Royalties<\/p><p><strong>Deduction Rate<\/strong><br \/>50%<\/p><p><strong>Overall Limit of Deduction<\/strong><br \/>50% of pre-tax income<\/p><p><strong>Gains on Disposal Included<\/strong><br \/>Yes<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<h3 id=\"elementor-tab-title-1184\" class=\"elementor-tab-title\" data-tab=\"4\" role=\"button\" aria-controls=\"elementor-tab-content-1184\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"icobox- ico-box-icon_plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened icobox- ico-box-icon_minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\"><span>5.2%<\/span> Luxembourg<\/a>\n\t\t\t\t\t<\/h3>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1184\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"4\" role=\"region\" aria-labelledby=\"elementor-tab-title-1184\"><p><strong>Qualifying IP Assets<\/strong><br \/>Patents, trademarks, designs, domain names, models and software copyrights, brands for services for goods such as productions and marketing know-how<\/p><p><strong>Ineligible IP Assets<\/strong><br \/>Formulas, copyrights (other than software)<\/p><p><strong>Internally Developed or Acquired?<\/strong><br \/>Internally developed and acquired intellectual property, but not IP acquired from a related party<\/p><p><strong>Limitations on Where R&amp;D Takes Place<\/strong><br \/>Some<\/p><p><strong>Qualifying Revenue<\/strong><br \/>Royalties net of costs (amortisation, R&amp;D costs, interest)<\/p><p><strong>Deduction Rate<\/strong><br \/>80%<\/p><p><strong>Overall Limit of Deduction<\/strong><br \/>None<\/p><p><strong>Gains on Disposal Included<\/strong><br \/>Yes<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<h3 id=\"elementor-tab-title-1185\" class=\"elementor-tab-title\" data-tab=\"5\" role=\"button\" aria-controls=\"elementor-tab-content-1185\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"icobox- ico-box-icon_plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened icobox- ico-box-icon_minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\"><span>7%<\/span> Netherlands<\/a>\n\t\t\t\t\t<\/h3>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1185\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"5\" role=\"region\" aria-labelledby=\"elementor-tab-title-1185\"><p><strong>Qualifying IP Assets<\/strong><br \/>Self-developed intellectual property relating to patents, copyrighted software or approved R&amp;D<\/p><p><strong>Ineligible IP Assets<\/strong><br \/>Trademarks, brands and acquired IP<\/p><p><strong>Internally Developed or Acquired?<\/strong><br \/>Self-developed only<\/p><p><strong>Limitations on Where R&amp;D Takes Place<\/strong><br \/>Some<\/p><p><strong>Qualifying Revenue<\/strong><br \/>Net income from qualifying assets<\/p><p><strong>Deduction Rate<\/strong><br \/>None \u2013 reduced tax rate<\/p><p><strong>Overall Limit of Deduction<\/strong><br \/>None<\/p><p><strong>Gains on Disposal Included<\/strong><br \/>Yes<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<h3 id=\"elementor-tab-title-1186\" class=\"elementor-tab-title\" data-tab=\"6\" role=\"button\" aria-controls=\"elementor-tab-content-1186\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"icobox- ico-box-icon_plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened icobox- ico-box-icon_minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\"><span>10%<\/span> France<\/a>\n\t\t\t\t\t<\/h3>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1186\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"6\" role=\"region\" aria-labelledby=\"elementor-tab-title-1186\"><p><strong>Qualifying IP Assets<\/strong><br \/>Patents, utility certificates, copyrighted software<\/p><p><strong>Ineligible IP Assets<\/strong><br \/>Non patentable inventions, R&amp;D activities<\/p><p><strong>Internally Developed or Acquired?<\/strong><br \/>Internally developed and acquired intellectual property<\/p><p><strong>Limitations on Where R&amp;D Takes Place<\/strong><br \/>None<\/p><p><strong>Qualifying Revenue<\/strong><br \/>Net results derived from licensing, sublicensing or selling of qualifying of IP rights<\/p><p><strong>Deduction Rate<\/strong><br \/>None-reduced tax rate<\/p><p><strong>Overall Limit of Deduction<\/strong><br \/>None<\/p><p><strong>Gains on Disposal Included<\/strong><br \/>Yes<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<h3 id=\"elementor-tab-title-1187\" class=\"elementor-tab-title\" data-tab=\"7\" role=\"button\" aria-controls=\"elementor-tab-content-1187\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"icobox- ico-box-icon_plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened icobox- ico-box-icon_minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\"><span>10%<\/span> United Kingdom<\/a>\n\t\t\t\t\t<\/h3>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1187\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"7\" role=\"region\" aria-labelledby=\"elementor-tab-title-1187\"><p><strong>Qualifying IP Assets<\/strong><br \/>Patent and rights similar to it<\/p><p><strong>Ineligible IP Assets<\/strong><br \/>Trademarks, copyrights and designs<\/p><p><strong>Internally Developed or Acquired?<\/strong><br \/>Internally developed and acquired intellectual property<\/p><p><strong>Limitations on Where R&amp;D Takes Place<\/strong><br \/>Some<\/p><p><strong>Qualifying Revenue<\/strong><br \/>Net income from qualifying intellectual property<\/p><p><strong>Deduction Rate<\/strong><br \/>None \u2013 reduced tax rate<\/p><p><strong>Overall Limit of Deduction<\/strong><br \/>None<\/p><p><strong>Gains on Disposal Included<\/strong><br \/>Yes<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1d97828a elementor-section-stretched key-2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1d97828a\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;stretch_section&quot;:&quot;section-stretched&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-63e4ae8e\" data-id=\"63e4ae8e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-44392fcd elementor-widget elementor-widget-heading\" data-id=\"44392fcd\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-large\">IP BOX COMPARISON SUMMARY<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-16537a88 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"16537a88\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-40ae1338 elementor-reverse-mobile elementor-reverse-tablet elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"40ae1338\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-4a8092a2\" data-id=\"4a8092a2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-583f015a bold-larger elementor-widget elementor-widget-text-editor\" data-id=\"583f015a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>Cyprus IP Box Regime<\/strong> provides a maximum tax rate of <strong>2.5%<\/strong> on income earned from IP assets. The comparable rate in its nearest competitors, Belgium at <strong>4.44%<\/strong>, Hungary at <strong>4.5%<\/strong> and Luxembourg at <strong>5.2%<\/strong>, is twice that amount, followed by Netherlands at <strong>7%<\/strong>, France at <strong>10%<\/strong> and United Kingdom at <strong>10%<\/strong> who seem to be behind Netherlands but far behind Cyprus.<\/p><p>Cyprus IP Box Regime applies to a wider range of income compared to other similar European scheme, most of which restrict benefits to income from patents and supplementary patent certificates.<\/p><p>While IP Box Regime schemes of Belgium, Hungary, Luxembourg, Netherlands and United Kingdom offer partial exemption of gains on disposal, the exemptions become less attractive for IP holders than those offered by the Cyprus scheme, due to their limitations on qualifying assets and less deduction rates.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-6bfc9b5f\" data-id=\"6bfc9b5f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9a661df elementor-widget elementor-widget-image\" data-id=\"9a661df\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"3900\" height=\"2700\" src=\"https:\/\/ipbox.cy\/wp-content\/uploads\/2022\/09\/pic-1-min.jpg\" class=\"attachment-full size-full wp-image-2196\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3a00866e elementor-section-content-middle elementor-reverse-mobile elementor-section-stretched key-3 mob-no-bg elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3a00866e\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;stretch_section&quot;:&quot;section-stretched&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-76eaeb14\" data-id=\"76eaeb14\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-17df489c elementor-widget elementor-widget-heading\" data-id=\"17df489c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-large\">RATIFICATION OF ALL MAJOR IP TREATIES\u200b<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3c11be0c elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"3c11be0c\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-469e323a elementor-widget elementor-widget-text-editor\" data-id=\"469e323a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\tCyprus offers an efficient IP tax regime for tax optimisation, as well as maximum protection and certainty for IP owners due to the ratification of all major IP treaties and protocols.\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-da5bcc3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"da5bcc3\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-89516c8\" data-id=\"89516c8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-23c914a1 elementor-position-left elementor-vertical-align-middle treaty-box elementor-widget elementor-widget-image-box\" data-id=\"23c914a1\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><img decoding=\"async\" width=\"288\" height=\"208\" src=\"https:\/\/ipbox.cy\/wp-content\/uploads\/2022\/09\/WIPO_Logo-1.png\" class=\"attachment-full size-full wp-image-107\" alt=\"\" \/><\/figure><div class=\"elementor-image-box-content\"><p class=\"elementor-image-box-description\">WIPO Performance and Phonograms Treaty<\/p><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-0dfb46f\" data-id=\"0dfb46f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-67b81148 elementor-position-left elementor-vertical-align-middle treaty-box elementor-widget elementor-widget-image-box\" data-id=\"67b81148\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><img decoding=\"async\" width=\"220\" height=\"176\" src=\"https:\/\/ipbox.cy\/wp-content\/uploads\/2022\/09\/MadridProtocol-1-1.png\" class=\"attachment-full size-full wp-image-108\" alt=\"\" \/><\/figure><div class=\"elementor-image-box-content\"><p class=\"elementor-image-box-description\">Madrid Agreement Concerning the International Registration of Marks<\/p><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-a3bc355 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a3bc355\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-66d052b\" data-id=\"66d052b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9ae6965 elementor-position-left elementor-vertical-align-middle treaty-box elementor-widget elementor-widget-image-box\" data-id=\"9ae6965\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><img loading=\"lazy\" decoding=\"async\" width=\"56\" height=\"56\" src=\"https:\/\/ipbox.cy\/wp-content\/uploads\/2022\/09\/patent-2-1.svg\" class=\"attachment-full size-full wp-image-109\" alt=\"\" \/><\/figure><div class=\"elementor-image-box-content\"><p class=\"elementor-image-box-description\">Patent Cooperation Treaty<\/p><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-e431580\" data-id=\"e431580\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ffbef69 elementor-position-left elementor-vertical-align-middle treaty-box elementor-widget elementor-widget-image-box\" data-id=\"ffbef69\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><img loading=\"lazy\" decoding=\"async\" width=\"56\" height=\"56\" src=\"https:\/\/ipbox.cy\/wp-content\/uploads\/2022\/09\/books-3-1.svg\" class=\"attachment-full size-full wp-image-110\" alt=\"\" \/><\/figure><div class=\"elementor-image-box-content\"><p class=\"elementor-image-box-description\">Berne Convention for the Protection of Literary and Artistic Works<\/p><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-749f4b3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"749f4b3\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-4f4a319\" data-id=\"4f4a319\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9dda8cf elementor-position-left elementor-vertical-align-middle treaty-box elementor-widget elementor-widget-image-box\" data-id=\"9dda8cf\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><img loading=\"lazy\" decoding=\"async\" width=\"56\" height=\"56\" src=\"https:\/\/ipbox.cy\/wp-content\/uploads\/2022\/09\/factory-2-1.svg\" class=\"attachment-full size-full wp-image-111\" alt=\"\" \/><\/figure><div class=\"elementor-image-box-content\"><p class=\"elementor-image-box-description\">Paris Convention for the Protection of Industrial Property<\/p><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-a0c1068\" data-id=\"a0c1068\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-65c49b3 elementor-position-left elementor-vertical-align-middle treaty-box elementor-widget elementor-widget-image-box\" data-id=\"65c49b3\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><img loading=\"lazy\" decoding=\"async\" width=\"56\" height=\"56\" src=\"https:\/\/ipbox.cy\/wp-content\/uploads\/2022\/09\/record-label-2-1.svg\" class=\"attachment-full size-full wp-image-112\" alt=\"\" \/><\/figure><div class=\"elementor-image-box-content\"><p class=\"elementor-image-box-description\">Convention for the Protection of Phonogram Producers<\/p><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-48f3329 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"48f3329\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-881b4f4\" data-id=\"881b4f4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fbb0d91 elementor-position-left elementor-vertical-align-middle treaty-box elementor-widget elementor-widget-image-box\" data-id=\"fbb0d91\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><img loading=\"lazy\" decoding=\"async\" width=\"56\" height=\"56\" src=\"https:\/\/ipbox.cy\/wp-content\/uploads\/2022\/09\/dubbing-2-1.svg\" class=\"attachment-full size-full wp-image-113\" alt=\"\" \/><\/figure><div class=\"elementor-image-box-content\"><p class=\"elementor-image-box-description\">Rome Convention for the Protection of Performers, Producers and Broadcasting Organisations<\/p><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-d7376cd\" data-id=\"d7376cd\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f42fb5 elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f42fb5\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;stretch_section&quot;:&quot;section-stretched&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6c92bccb\" data-id=\"6c92bccb\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2fb1a608 elementor-widget elementor-widget-heading\" data-id=\"2fb1a608\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-large\">HOW TO APPLY FOR IP BOX?<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2f780a10 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"2f780a10\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-186f0369 elementor-widget elementor-widget-text-editor\" data-id=\"186f0369\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Contact us to get more details about the requirements and possible tax deductions for your business<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5aaaa60f elementor-align-center elementor-widget elementor-widget-button\" data-id=\"5aaaa60f\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-md\" href=\"#contact-us\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Get Professional Advice<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-19040505 elementor-section-stretched ip-box-regime-1  elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"19040505\" data-element_type=\"section\" id=\"nexus-fraction\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;stretch_section&quot;:&quot;section-stretched&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5d6c2d64\" data-id=\"5d6c2d64\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-457e65fb elementor-widget elementor-widget-heading\" data-id=\"457e65fb\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-large\">NEXUS FRACTION IN IP BOX REGIME<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-525c4e8f elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"525c4e8f\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-7f64656f elementor-reverse-mobile elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7f64656f\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-470aa407 elementor-hidden-mobile\" data-id=\"470aa407\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-279c38e3\" data-id=\"279c38e3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c8c5dae elementor-hidden-desktop elementor-widget elementor-widget-image\" data-id=\"c8c5dae\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"862\" height=\"1024\" src=\"https:\/\/ipbox.cy\/wp-content\/uploads\/2022\/09\/pic-3-min-862x1024.jpg\" class=\"attachment-large size-large wp-image-2202\" alt=\"\" srcset=\"https:\/\/ipbox.cy\/wp-content\/uploads\/2022\/09\/pic-3-min-862x1024.jpg 862w, https:\/\/ipbox.cy\/wp-content\/uploads\/2022\/09\/pic-3-min-252x300.jpg 252w, https:\/\/ipbox.cy\/wp-content\/uploads\/2022\/09\/pic-3-min-768x913.jpg 768w, https:\/\/ipbox.cy\/wp-content\/uploads\/2022\/09\/pic-3-min-1293x1536.jpg 1293w, https:\/\/ipbox.cy\/wp-content\/uploads\/2022\/09\/pic-3-min-1723x2048.jpg 1723w\" sizes=\"(max-width: 862px) 100vw, 862px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bc2255d elementor-widget elementor-widget-text-editor\" data-id=\"bc2255d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>On 14 October 2016, the House of Representatives passed amendments to the Income Tax Law in order to align the current Cyprus IP tax legislation with the provisions of Action 5 of the OECD\u2019s Base Erosion and Profit Shifting (BEPS) project.<\/p><p>The Nexus fraction is used to determine the amount of qualifying profits that will give the relevant deduction to the taxpayer. In such cases, taxpayers would continue to benefit from the existing IP regime for a maximum of 5 years, after which date the new IP tax regime will be applied.<\/p><p>Taxpayers should be familiar with the process of calculating the qualifying profits and ensure they have proper accounting in place to separate out relevant income streams and gather information on R&amp;D spend, in order to perform the nexus calculations.<\/p><p>Taxpayers should carefully examine the potential impact of the new tax provisions on their IP structures and operations. It\u2019s more safe to order and consult professional services from companies that are expert in IP Box Regime legislation and can calculate nexus fraction as well as prepare the required set of documents.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4e245022 elementor-section-stretched ip-box-regime-2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4e245022\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;stretch_section&quot;:&quot;section-stretched&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-51f1fa37\" data-id=\"51f1fa37\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-58c6843d elementor-widget elementor-widget-heading\" data-id=\"58c6843d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-large\">PROVISIONS OF THE NEW CYPRUS IP BOX REGIME<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-62b55b7b elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"62b55b7b\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-769f32c5 elementor-widget elementor-widget-text-editor\" data-id=\"769f32c5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The new IP regime complies with the provisions of the modified \u2018nexus approach\u2019, whereby for an intangible asset to qualify for the benefits of the regime, there needs to be a direct link between the qualifying income and the own qualifying expenses contributing to that income. In brief, an amount equal to 80% of the qualifying profits earned from qualifying intangible assets will be allowed as a tax deductible expense.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-43826f6a icon-toggle elementor-widget elementor-widget-toggle\" data-id=\"43826f6a\" data-element_type=\"widget\" data-widget_type=\"toggle.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-toggle\">\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<h3 id=\"elementor-tab-title-1131\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-1131\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"icobox- ico-box-icon_plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened icobox- ico-box-icon_minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\"><i class=\" ico-box-icon_qia\"><\/i> Qualifying Intangible Assets <\/a>\n\t\t\t\t\t<\/h3>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1131\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-1131\"><p>As per the amended legislation, \u201cqualifying intangible asset\u201d is defined as an asset which was acquired, developed or exploited by a person within the course of carrying out his business (with the exception of intellectual property related to marketing), which is the result of research and development (R&amp;D) activities, and which includes intangible assets for which only economic ownership exists.<\/p><p><strong>Qualifying intangible assets comprise of:<\/strong><\/p><ul><li>patents, as defined in the Patents Law<\/li><li>computer software<\/li><li>other IP assets which are legally protected and fall within one of the following categories:<ul><li>utility models, intellectual property assets which provide protection to plants and genetic material, orphan drug designations and extensions of protections for patents<\/li><li>non-obvious, useful and novel, where the person utilizing them in furtherance of a business does not generate annual gross revenues in excess of \u20ac7,500,000 from all intangible assets (\u20ac50,000,000 in case of a group of companies), which are certified as such by an appropriate authority, in Cyprus or abroad.<\/li><\/ul><\/li><\/ul><p>The definition of qualifying intangible assets specifically excludes business names, brands, trademarks, image rights and other intellectual property rights used for the marketing of products and services.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<h3 id=\"elementor-tab-title-1132\" class=\"elementor-tab-title\" data-tab=\"2\" role=\"button\" aria-controls=\"elementor-tab-content-1132\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"icobox- ico-box-icon_plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened icobox- ico-box-icon_minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\"><i class=\" ico-box-icon_qp\"><\/i> Qualifying Profit <\/a>\n\t\t\t\t\t<\/h3>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1132\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"region\" aria-labelledby=\"elementor-tab-title-1132\"><p>Qualifying profit (QP) is defined as the proportion of the overall income (OI) derived from the qualifying asset, corresponding to the fraction of the qualifying expenditure (QE) plus the uplift expenditure (UE) over the overall expenditure (OE) incurred for the qualifying intangible asset.<\/p><p>The amount of qualifying profit can be derived through the application of the following formula:<\/p><div class=\"centered\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-3178\" src=\"https:\/\/ipbox.cy\/wp-content\/uploads\/2022\/10\/formula2.svg\" alt=\"\" width=\"368\" height=\"128\" \/><\/div><p>Where:<\/p><ul><li style=\"list-style-type: none;\"><ul><li><strong>Overall Income (OI)<\/strong><br \/>Overall income is defined as the gross income earned from qualifying intangible assets during the tax year, minus any direct costs incurred for generating the income.<br \/><span style=\"text-decoration: underline;\">Overall income includes, but is not limited to:<\/span><ul><li>royalties or other amounts resulting from the use of qualifying intangible assets<\/li><li>license income for the operation of qualifying intangible assets<\/li><li>any amount received from insurance or as compensation in relation to qualifying intangible assets<\/li><li>income from the disposal of qualifying intangible assets, excluding profits of a capital nature<\/li><li>embedded income of qualifying intangible assets arising from the sale of products or services, or from the use of procedures that are directly related to the assets<\/li><\/ul><p><span style=\"text-decoration: underline;\">On calculating overall income, direct costs include as following:<\/span><\/p><ul><li>all costs incurred, either directly or indirectly, wholly and exclusively for the purpose of earning the income from qualifying intangible assets<\/li><li>the amortization of the cost of the assets<\/li><li>notional interest on equity contributed to finance the development of the assets (being a notional interest tax deduction allowed by Cyprus tax provisions)<\/li><\/ul><\/li><\/ul><\/li><\/ul><ul><li style=\"list-style-type: none;\"><ul><li><strong>Qualifying Expenditure (QE)<\/strong><br \/>Qualifying expenditure for qualifying intangible assets is defined as the sum of all R&amp;D costs incurred during any given tax year wholly and exclusively for the development, improvement or creation of qualifying intangible assets, and which costs are directly related to such assets.<br \/><span style=\"text-decoration: underline;\">Qualifying expenditure includes, but is not limited to:<\/span><ul><li>wages and salaries<\/li><li>\u00a0direct costs<\/li><li>\u00a0general expenses relating to installations used for R&amp;D<\/li><li>\u00a0commission expenses associated with R&amp;D activities<\/li><li>\u00a0costs associated with R&amp;D activities that have been outsourced to non-related persons<\/li><\/ul><p><span style=\"text-decoration: underline;\">Even so, qualifying expenditure does not include:<\/span><\/p><ul><li>costs for acquisition of intangible assets<\/li><li>interest paid or payable<\/li><li>costs for acquisition or construction of immovable property<\/li><li>amounts paid or payable directly or indirectly to a related person to conduct R&amp;D activities, regardless of whether such amounts relate to cost sharing agreements<\/li><li>costs which cannot be proved directly connected to a specific qualifying intangible asset<\/li><\/ul><p>Any expenditure for R&amp;D that has been outsourced to non-related parties, as well as any expenses of a general nature for R&amp;D, which can not be allocated to the qualifying expenditure of a specific qualifying intangible asset, can be apportioned pro rata to the qualifying intangible assets<\/p><\/li><\/ul><\/li><\/ul><ul><li style=\"list-style-type: none;\"><ul><li><strong>Uplift Expenditure (UE)<\/strong><br \/><span style=\"text-decoration: underline;\">An uplift expenditure is added to the qualifying expenditure, which will be equal to the lower of:<\/span><ul><li>30% of the qualifying expenditure<\/li><li>the total cost of acquisition of the qualifying intangible assets, plus the cost of outsourcing to related parties of any R&amp;D activities in relation to such assets<\/li><\/ul><\/li><li><strong>Overall Expenditure (OE)<\/strong><br \/><span style=\"text-decoration: underline;\">Overall expenditure relating to qualified intangible assets is defined as the sum of:<\/span><ul><li>the qualifying expenditure<\/li><li>the total cost of acquisition of the qualifying assets, plus the cost of outsourcing to related parties of any R&amp;D activities in relation to these assets, incurred during any tax year<\/li><\/ul><\/li><\/ul><\/li><\/ul><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<h3 id=\"elementor-tab-title-1133\" class=\"elementor-tab-title\" data-tab=\"3\" role=\"button\" aria-controls=\"elementor-tab-content-1133\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"icobox- ico-box-icon_plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened icobox- ico-box-icon_minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\"><i class=\" ico-box-icon_ac\"><\/i> Accounting Records <\/a>\n\t\t\t\t\t<\/h3>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1133\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"region\" aria-labelledby=\"elementor-tab-title-1133\"><p>Persons claiming benefits under the new regime are obliged to maintain proper books of account, as well as records of income and expenses for each intangible asset.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<h3 id=\"elementor-tab-title-1134\" class=\"elementor-tab-title\" data-tab=\"4\" role=\"button\" aria-controls=\"elementor-tab-content-1134\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"icobox- ico-box-icon_plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened icobox- ico-box-icon_minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\"><i class=\" ico-box-icon_nqa\"><\/i> Non-Qualifying Assets For The IP Box Regime <\/a>\n\t\t\t\t\t<\/h3>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1134\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"4\" role=\"region\" aria-labelledby=\"elementor-tab-title-1134\"><p>Expenditure for the acquisition of an intangible asset that does not qualify for the transitional provisions, and which asset is used in furtherance of the business, can be amortized over the asset\u2019s useful life, in accordance with accepted accounting principles, with a maximum period of 20 years.<\/p><p>A balancing statement needs to be prepared in case where the asset is disposed, similarly to cases of disposal of fixed assets. It is of a high importance to be noted that goodwill does not qualify for amortization.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Qualifying Intangible Assets\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>As per the amended legislation, \\u201cqualifying intangible asset\\u201d is defined as an asset which was acquired, developed or exploited by a person within the course of carrying out his business (with the exception of intellectual property related to marketing), which is the result of research and development (R&amp;D) activities, and which includes intangible assets for which only economic ownership exists.<\\\/p><p><strong>Qualifying intangible assets comprise of:<\\\/strong><\\\/p><ul><li>patents, as defined in the Patents Law<\\\/li><li>computer software<\\\/li><li>other IP assets which are legally protected and fall within one of the following categories:<ul><li>utility models, intellectual property assets which provide protection to plants and genetic material, orphan drug designations and extensions of protections for patents<\\\/li><li>non-obvious, useful and novel, where the person utilizing them in furtherance of a business does not generate annual gross revenues in excess of \\u20ac7,500,000 from all intangible assets (\\u20ac50,000,000 in case of a group of companies), which are certified as such by an appropriate authority, in Cyprus or abroad.<\\\/li><\\\/ul><\\\/li><\\\/ul><p>The definition of qualifying intangible assets specifically excludes business names, brands, trademarks, image rights and other intellectual property rights used for the marketing of products and services.<\\\/p>\"}},{\"@type\":\"Question\",\"name\":\"Qualifying Profit\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>Qualifying profit (QP) is defined as the proportion of the overall income (OI) derived from the qualifying asset, corresponding to the fraction of the qualifying expenditure (QE) plus the uplift expenditure (UE) over the overall expenditure (OE) incurred for the qualifying intangible asset.<\\\/p><p>The amount of qualifying profit can be derived through the application of the following formula:<\\\/p><div class=\\\"centered\\\"><img class=\\\"alignnone size-full wp-image-3178\\\" src=\\\"https:\\\/\\\/ipbox.cy\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/formula2.svg\\\" alt=\\\"\\\" width=\\\"368\\\" height=\\\"128\\\" \\\/><\\\/div><p>Where:<\\\/p><ul><li style=\\\"list-style-type: none;\\\"><ul><li><strong>Overall Income (OI)<\\\/strong><br \\\/>Overall income is defined as the gross income earned from qualifying intangible assets during the tax year, minus any direct costs incurred for generating the income.<br \\\/><span style=\\\"text-decoration: underline;\\\">Overall income includes, but is not limited to:<\\\/span><ul><li>royalties or other amounts resulting from the use of qualifying intangible assets<\\\/li><li>license income for the operation of qualifying intangible assets<\\\/li><li>any amount received from insurance or as compensation in relation to qualifying intangible assets<\\\/li><li>income from the disposal of qualifying intangible assets, excluding profits of a capital nature<\\\/li><li>embedded income of qualifying intangible assets arising from the sale of products or services, or from the use of procedures that are directly related to the assets<\\\/li><\\\/ul><p><span style=\\\"text-decoration: underline;\\\">On calculating overall income, direct costs include as following:<\\\/span><\\\/p><ul><li>all costs incurred, either directly or indirectly, wholly and exclusively for the purpose of earning the income from qualifying intangible assets<\\\/li><li>the amortization of the cost of the assets<\\\/li><li>notional interest on equity contributed to finance the development of the assets (being a notional interest tax deduction allowed by Cyprus tax provisions)<\\\/li><\\\/ul><\\\/li><\\\/ul><\\\/li><\\\/ul><ul><li style=\\\"list-style-type: none;\\\"><ul><li><strong>Qualifying Expenditure (QE)<\\\/strong><br \\\/>Qualifying expenditure for qualifying intangible assets is defined as the sum of all R&amp;D costs incurred during any given tax year wholly and exclusively for the development, improvement or creation of qualifying intangible assets, and which costs are directly related to such assets.<br \\\/><span style=\\\"text-decoration: underline;\\\">Qualifying expenditure includes, but is not limited to:<\\\/span><ul><li>wages and salaries<\\\/li><li>\\u00a0direct costs<\\\/li><li>\\u00a0general expenses relating to installations used for R&amp;D<\\\/li><li>\\u00a0commission expenses associated with R&amp;D activities<\\\/li><li>\\u00a0costs associated with R&amp;D activities that have been outsourced to non-related persons<\\\/li><\\\/ul><p><span style=\\\"text-decoration: underline;\\\">Even so, qualifying expenditure does not include:<\\\/span><\\\/p><ul><li>costs for acquisition of intangible assets<\\\/li><li>interest paid or payable<\\\/li><li>costs for acquisition or construction of immovable property<\\\/li><li>amounts paid or payable directly or indirectly to a related person to conduct R&amp;D activities, regardless of whether such amounts relate to cost sharing agreements<\\\/li><li>costs which cannot be proved directly connected to a specific qualifying intangible asset<\\\/li><\\\/ul><p>Any expenditure for R&amp;D that has been outsourced to non-related parties, as well as any expenses of a general nature for R&amp;D, which can not be allocated to the qualifying expenditure of a specific qualifying intangible asset, can be apportioned pro rata to the qualifying intangible assets<\\\/p><\\\/li><\\\/ul><\\\/li><\\\/ul><ul><li style=\\\"list-style-type: none;\\\"><ul><li><strong>Uplift Expenditure (UE)<\\\/strong><br \\\/><span style=\\\"text-decoration: underline;\\\">An uplift expenditure is added to the qualifying expenditure, which will be equal to the lower of:<\\\/span><ul><li>30% of the qualifying expenditure<\\\/li><li>the total cost of acquisition of the qualifying intangible assets, plus the cost of outsourcing to related parties of any R&amp;D activities in relation to such assets<\\\/li><\\\/ul><\\\/li><li><strong>Overall Expenditure (OE)<\\\/strong><br \\\/><span style=\\\"text-decoration: underline;\\\">Overall expenditure relating to qualified intangible assets is defined as the sum of:<\\\/span><ul><li>the qualifying expenditure<\\\/li><li>the total cost of acquisition of the qualifying assets, plus the cost of outsourcing to related parties of any R&amp;D activities in relation to these assets, incurred during any tax year<\\\/li><\\\/ul><\\\/li><\\\/ul><\\\/li><\\\/ul>\"}},{\"@type\":\"Question\",\"name\":\"Accounting Records\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>Persons claiming benefits under the new regime are obliged to maintain proper books of account, as well as records of income and expenses for each intangible asset.<\\\/p>\"}},{\"@type\":\"Question\",\"name\":\"Non-Qualifying Assets For The IP Box Regime\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>Expenditure for the acquisition of an intangible asset that does not qualify for the transitional provisions, and which asset is used in furtherance of the business, can be amortized over the asset\\u2019s useful life, in accordance with accepted accounting principles, with a maximum period of 20 years.<\\\/p><p>A balancing statement needs to be prepared in case where the asset is disposed, similarly to cases of disposal of fixed assets. It is of a high importance to be noted that goodwill does not qualify for amortization.<\\\/p>\"}}]}<\/script>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4f5cad21 elementor-section-content-middle elementor-reverse-mobile elementor-section-stretched mob-no-bg elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4f5cad21\" data-element_type=\"section\" id=\"examples\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;stretch_section&quot;:&quot;section-stretched&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-28c0c35d\" data-id=\"28c0c35d\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3c97105a elementor-widget elementor-widget-heading\" data-id=\"3c97105a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-large\">PRACTICAL EXAMPLES\u200b<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-931924a elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"931924a\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-40c0d052 m-b-0 elementor-widget elementor-widget-text-editor\" data-id=\"40c0d052\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>To put things in perspective, we set out some numerical examples illustrating how, under the new IP regime, one would reach the QP stage on which 80% notional deduction would be applied.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-3b99d616 factors-examples elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3b99d616\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-73c47ae9\" data-id=\"73c47ae9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-411242ea m-b-0 elementor-widget elementor-widget-text-editor\" data-id=\"411242ea\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The major factors in the examples are:<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5498453c list-examples  elementor-widget elementor-widget-text-editor\" data-id=\"5498453c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul><li>Whether the asset was <strong><em>internally developed<\/em><\/strong> or whether it was <em><strong>acquired<\/strong><\/em>.<\/li><li>Whether R&amp;D costs were outsourced to <strong><em>related<\/em><\/strong> parties or to <strong><em>third<\/em><\/strong> parties.<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-32b7aa79 m-b-0 elementor-widget elementor-widget-text-editor\" data-id=\"32b7aa79\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The following cases will be examined:<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-444f237 elementor-position-left elementor-vertical-align-middle elementor-mobile-position-left case-box elementor-widget__width-initial elementor-hidden-mobile elementor-view-default elementor-widget elementor-widget-icon-box\" data-id=\"444f237\" data-element_type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon elementor-animation-\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"79\" height=\"42\" viewBox=\"0 0 79 42\" fill=\"none\"><g clip-path=\"url(#clip0_168_4405)\"><path d=\"M64.5981 7.93636L56.9316 16.3634C56.7116 16.6173 56.7116 16.9895 56.9316 17.2434C61.501 22.1676 64.2934 28.7502 64.2934 35.9928C64.2934 37.7865 64.1242 39.5464 63.7857 41.2555C63.7011 41.6447 64.0227 42.0169 64.4119 42.0169H77.934C78.2555 42.0169 78.5263 41.78 78.5771 41.4754C78.8478 39.6817 79.0002 37.8542 79.0002 35.9928C79.0002 24.6213 73.72 14.4682 65.4781 7.88559C65.2073 7.64869 64.8181 7.68253 64.5981 7.93636Z\" fill=\"#20BF6B\"><\/path><path d=\"M43.0373 0C35.1677 0 27.8905 2.52135 21.9672 6.8195C21.6964 7.02256 21.6118 7.39484 21.798 7.68251L23.8627 10.9484C24.0319 11.2192 24.3873 11.3207 24.6919 11.1853C28.3305 9.40854 32.4261 8.41015 36.7586 8.41015C43.088 8.41015 48.9267 10.5423 53.5808 14.1297C53.8685 14.3497 54.2916 14.299 54.5116 13.9944L60.5364 5.33038C60.7564 5.00886 60.6549 4.58582 60.3164 4.39968C55.1716 1.59065 49.2821 0 43.0373 0Z\" fill=\"#F7B731\"><\/path><path d=\"M42.428 31.0007C42.0556 30.7638 41.6325 30.5607 41.2433 30.4254L16.5177 21.8291L7.10813 18.5632L1.26944 16.5325C1.15097 16.4987 1.03251 16.4648 0.930965 16.4648C0.423252 16.4648 0.0509304 16.8879 0.000159141 17.3448C-0.0336883 17.6663 0.0847778 18.0217 0.440176 18.2416L5.8727 21.6768L13.8945 26.7364L36.2339 40.8323C37.1985 41.4415 38.2647 41.7291 39.3309 41.7291C41.2602 41.7291 43.1388 40.7646 44.2557 39.0217C44.7465 38.2432 45.0342 37.3972 45.1188 36.5511C45.3389 34.402 44.3742 32.2191 42.428 31.0007ZM42.0387 35.9926C41.8864 37.4479 40.651 38.5309 39.2125 38.5309C39.1109 38.5309 39.0094 38.5309 38.9078 38.514C37.3508 38.3448 36.217 36.9403 36.3862 35.3835C36.5385 33.9282 37.7739 32.8452 39.2125 32.8452C39.314 32.8452 39.4155 32.8452 39.5171 32.8621C41.091 33.0313 42.208 34.4358 42.0387 35.9926Z\" fill=\"white\"><\/path><path d=\"M9.17267 35.9762C9.17267 33.0487 9.62962 30.2227 10.4758 27.566L8.37726 26.2461C7.51415 29.3428 7.04028 32.5918 7.04028 35.9762C7.04028 37.8376 7.17567 39.6651 7.46338 41.4588C7.51415 41.7803 7.78493 42.0003 8.10648 42.0003H9.03728C9.44345 42.0003 9.74808 41.628 9.66346 41.2388C9.34191 39.5297 9.17267 37.7699 9.17267 35.9762Z\" fill=\"#EB3B5A\"><\/path><path d=\"M15.2484 18.6988C16.7377 16.8374 18.4808 15.179 20.3932 13.7745C20.6978 13.5545 20.7486 13.1315 20.5117 12.8438L18.5993 10.5255C18.3624 10.2379 17.9224 10.204 17.6516 10.4748C15.5192 12.6069 13.6406 14.9929 12.1006 17.5989L15.2484 18.6988Z\" fill=\"#EB3B5A\"><\/path><\/g><defs><clipPath id=\"clip0_168_4405\"><rect width=\"79\" height=\"42\" fill=\"white\"><\/rect><\/clipPath><\/defs><\/svg>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tCase 1\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-25be4c61 elementor-widget__width-initial m-b-0 elementor-hidden-mobile elementor-widget elementor-widget-text-editor\" data-id=\"25be4c61\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The asset was acquired, with subsequent R&amp;D costs for improvements being outsourced to related parties.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-44c5928 elementor-position-left elementor-vertical-align-middle elementor-mobile-position-left case-box elementor-widget__width-initial elementor-hidden-mobile elementor-view-default elementor-widget elementor-widget-icon-box\" data-id=\"44c5928\" data-element_type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon elementor-animation-\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"72\" height=\"50\" viewBox=\"0 0 72 50\" fill=\"none\"><g clip-path=\"url(#clip0_168_4414)\"><path d=\"M57.5729 15.6897L49.9022 24.1735C49.682 24.4291 49.682 24.8039 49.9022 25.0594C54.4741 30.0168 57.2681 36.6437 57.2681 43.935C57.2681 45.7408 57.0988 47.5125 56.7601 49.2332C56.6754 49.625 56.9972 49.9998 57.3866 49.9998H70.9163C71.238 49.9998 71.5089 49.7613 71.5597 49.4546C71.8307 47.6488 71.9831 45.809 71.9831 43.935C71.9831 32.487 66.6999 22.2655 58.4534 15.6386C58.1825 15.4171 57.81 15.4342 57.5729 15.6897Z\" fill=\"#20BF6B\"><\/path><path d=\"M13.4619 20.6306L11.5484 18.2967C11.3114 18.0071 10.8711 17.973 10.6002 18.2456C4.04704 24.8214 0 33.9014 0 43.9185C0 45.7924 0.135466 47.6323 0.42333 49.4381C0.47413 49.7617 0.745061 49.9832 1.06679 49.9832H1.99812C2.40452 49.9832 2.70931 49.6084 2.62465 49.2166C2.30292 47.496 2.11665 45.7243 2.11665 43.9185C2.11665 34.7532 6.53622 26.6101 13.3603 21.5675C13.6482 21.3461 13.699 20.9202 13.4619 20.6306Z\" fill=\"#EB3B5A\"><\/path><path d=\"M53.2721 12.1466C48.2429 9.38679 42.5025 7.78543 36.3896 7.71729L37.4056 16.7122L37.4734 17.2914C40.8092 18.2624 43.8741 19.8638 46.5496 21.9422C46.8374 22.1636 47.2608 22.1125 47.4809 21.8059L53.5091 13.0836C53.6954 12.7599 53.5938 12.334 53.2721 12.1466Z\" fill=\"#F7B731\"><\/path><path d=\"M14.7489 15.4517L16.7978 18.7396C16.9671 19.0122 17.3227 19.1144 17.6275 18.9781C20.4554 17.5982 23.5372 16.6783 26.7884 16.3375L27.6689 8.68848C22.9954 9.7958 18.6605 11.8231 14.9013 14.5829C14.6304 14.7702 14.5626 15.1621 14.7489 15.4517Z\" fill=\"#F7B731\"><\/path><path d=\"M37.7949 43.1857L34.8654 17.0017L33.7478 7.03578L33.0536 0.851789C32.9858 0.289608 32.5456 0 32.1053 0C31.9868 0 31.8682 0.0170358 31.7666 0.0511073C31.4618 0.153322 31.2078 0.425894 31.157 0.851789L30.412 7.27428L30.3104 8.16014L29.3621 16.184L29.2944 16.7462L26.2295 43.1516C25.8569 46.3543 28.1429 49.2675 31.3264 49.6423C31.5465 49.6763 31.7836 49.6763 32.0037 49.6763C32.6641 49.6763 33.3245 49.5571 33.9172 49.3526C35.9491 48.6371 37.4901 46.8143 37.761 44.5145C37.8457 44.0716 37.8287 43.6116 37.7949 43.1857ZM33.1213 46.3203C32.8165 46.4395 32.4948 46.4906 32.173 46.4906C31.0046 46.4906 29.904 45.7581 29.4807 44.5826C28.9557 43.0835 29.7347 41.448 31.2248 40.9199C31.5296 40.8007 31.8513 40.7496 32.173 40.7496C33.3414 40.7496 34.4421 41.4821 34.8654 42.6576C35.3734 44.1567 34.5945 45.8092 33.1213 46.3203Z\" fill=\"white\"><\/path><\/g><defs><clipPath id=\"clip0_168_4414\"><rect width=\"72\" height=\"50\" fill=\"white\"><\/rect><\/clipPath><\/defs><\/svg>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tCase 2\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-11b4e02 elementor-widget__width-initial m-b-0 elementor-hidden-mobile elementor-widget elementor-widget-text-editor\" data-id=\"11b4e02\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The asset was acquired, with subsequent R&amp;D costs for improvements of the asset being were outsourced to non-related parties.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3a1ad09 elementor-position-left elementor-vertical-align-middle elementor-mobile-position-left case-box elementor-widget__width-initial elementor-hidden-mobile elementor-view-default elementor-widget elementor-widget-icon-box\" data-id=\"3a1ad09\" data-element_type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon elementor-animation-\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"72\" height=\"43\" viewBox=\"0 0 72 43\" fill=\"none\"><g clip-path=\"url(#clip0_168_4431)\"><path d=\"M35.7896 0C27.9617 0 20.7062 2.58139 14.8142 6.98187C14.5448 7.18977 14.4607 7.57091 14.6458 7.86543L16.6996 11.2091C16.868 11.4863 17.2215 11.5903 17.5245 11.4517C21.1439 9.63255 25.2177 8.6104 29.5273 8.6104C35.8233 8.6104 41.6311 10.7933 46.2605 14.4662C46.5467 14.6914 46.9676 14.6394 47.1864 14.3276L53.1794 5.45729C53.3982 5.12812 53.2972 4.695 52.9605 4.50443C47.8598 1.62853 42.0015 0 35.7896 0Z\" fill=\"#F7B731\"><\/path><path d=\"M13.3832 13.1493L11.4809 10.7758C11.2453 10.4813 10.8076 10.4466 10.5382 10.7238C4.02338 17.3938 0 26.6279 0 36.8322C0 38.7379 0.134674 40.609 0.420856 42.4454C0.471358 42.7746 0.740706 42.9998 1.06056 42.9998H1.98644C2.39046 42.9998 2.69348 42.6187 2.60931 42.2202C2.28945 40.4704 2.10428 38.6686 2.10428 36.8322C2.10428 27.5115 6.49801 19.2303 13.2822 14.1021C13.5684 13.8769 13.6189 13.4438 13.3832 13.1493Z\" fill=\"#EB3B5A\"><\/path><path d=\"M66.3268 17.6191C64.1384 13.9462 61.3607 10.7065 58.1117 8.0385C57.8424 7.81328 57.472 7.84793 57.2363 8.1078L49.6104 16.7355C49.3916 16.9954 49.3916 17.3765 49.6104 17.6364C50.7215 18.8665 51.7147 20.1831 52.5901 21.6038L54.8627 20.9454L63.9363 18.3121L66.3268 17.6191Z\" fill=\"#20BF6B\"><\/path><path d=\"M69.6432 24.8608L67.3369 26.1602L58.6505 31.0804L56.5799 32.2585C56.8155 33.7484 56.9334 35.273 56.9334 36.8496C56.9334 38.686 56.765 40.4878 56.4284 42.2376C56.3442 42.636 56.664 43.0172 57.0512 43.0172H70.5018C70.8216 43.0172 71.091 42.7746 71.1415 42.4628C71.4108 40.6264 71.5623 38.7553 71.5623 36.8496C71.5792 32.6396 70.889 28.6203 69.6432 24.8608Z\" fill=\"#20BF6B\"><\/path><path d=\"M71.7475 19.2996C71.5792 19.1091 71.3435 18.9878 71.0741 18.9878C70.99 18.9878 70.8889 19.0051 70.7879 19.0224L67.6063 19.9407L64.6434 20.8069L55.5698 23.4403L53.92 23.9253L30.2848 30.7686C27.221 31.6522 25.4197 34.9439 26.2951 38.097C26.5476 38.9979 26.9684 39.7948 27.5408 40.4531C28.6182 41.7005 30.2006 42.4455 31.8504 42.4455C32.3722 42.4455 32.8941 42.3762 33.4159 42.2203C33.8368 42.099 34.2577 41.9084 34.628 41.7005L56.0412 29.5905L57.4384 28.7936L66.1249 23.8734L68.7342 22.4008L71.5118 20.8242C72.1347 20.4777 72.1178 19.7328 71.7475 19.2996ZM33.9715 38.7207C33.4328 39.2231 32.7594 39.4656 32.086 39.4656C31.3117 39.4656 30.5373 39.1365 29.9649 38.4954C28.9212 37.3 29.0222 35.4463 30.1838 34.3722C30.7225 33.8697 31.3958 33.6272 32.0692 33.6272C32.8436 33.6272 33.618 33.9564 34.1903 34.5974C35.234 35.8101 35.133 37.6465 33.9715 38.7207Z\" fill=\"white\"><\/path><\/g><defs><clipPath id=\"clip0_168_4431\"><rect width=\"72\" height=\"43\" fill=\"white\"><\/rect><\/clipPath><\/defs><\/svg>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tCase 3\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1840d3c3 elementor-widget__width-initial m-b-0 elementor-hidden-mobile elementor-widget elementor-widget-text-editor\" data-id=\"1840d3c3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The asset was developed or improved internally, with R&amp;D costs being undertaken by the company itself.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-761a2a85 m-b-0 elementor-hidden-mobile elementor-widget elementor-widget-text-editor\" data-id=\"761a2a85\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>For the purposes of the examples, the following figures are used:<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-24d6de9 custom-table examples-table elementor-hidden-mobile elementor-widget elementor-widget-text-editor\" data-id=\"24d6de9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<table><tbody><tr><td colspan=\"2\">\u00a0<\/td><td><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-83\" src=\"https:\/\/ipbox.cy\/wp-content\/uploads\/2022\/09\/icon_case1.svg\" alt=\"\" width=\"79\" height=\"42\" \/>Case 1<\/td><td><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-84\" src=\"https:\/\/ipbox.cy\/wp-content\/uploads\/2022\/09\/icon_case2.svg\" alt=\"\" width=\"72\" height=\"50\" \/>Case 2<\/td><td colspan=\"2\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-85\" src=\"https:\/\/ipbox.cy\/wp-content\/uploads\/2022\/09\/icon_case3.svg\" alt=\"\" width=\"72\" height=\"43\" \/>Case 3<\/td><\/tr><tr class=\"t-head\"><td colspan=\"2\">Overall Income (OI) from qualifying IP<\/td><td><b>\u20ac1,000,000<\/b><\/td><td><b>\u20ac1,000,000<\/b><\/td><td colspan=\"2\"><b>\u20ac1,000,000<\/b><\/td><\/tr><tr><td colspan=\"2\">Cost of acquisition of asset<\/td><td>\u20ac300,000<\/td><td>\u20ac300,000<\/td><td colspan=\"2\">N\/A<\/td><\/tr><tr><td colspan=\"2\">R&amp;D costs, incurred internally<\/td><td>N\/A<\/td><td>N\/A<\/td><td colspan=\"2\">\u20ac500,000<\/td><\/tr><tr><td colspan=\"2\">R&amp;D costs, outsourced to non-related parties<\/td><td>N\/A<\/td><td>\u20ac200,000<\/td><td colspan=\"2\">N\/A<\/td><\/tr><tr><td colspan=\"2\">R&amp;D costs, outsourced to related parties<\/td><td>\u20ac200,000<\/td><td>N\/A<\/td><td colspan=\"2\">N\/A<\/td><\/tr><tr class=\"t-head\"><td colspan=\"2\">Overall Expenditure (OE)<\/td><td><b>\u20ac500,000<\/b><\/td><td><b>\u20ac500,000<\/b><\/td><td colspan=\"2\"><b>\u20ac500,000<\/b><\/td><\/tr><tr class=\"tr-white-bg\"><td colspan=\"2\">R&amp;D costs, incurred internally<\/td><td>N\/A<\/td><td>N\/A<\/td><td colspan=\"2\">\u20ac500,000<\/td><\/tr><tr class=\"tr-grey-bg\"><td colspan=\"2\">R&amp;D costs, outsourced to non-related parties<\/td><td>N\/A<\/td><td>\u20ac200,000<\/td><td colspan=\"2\">N\/A<\/td><\/tr><tr class=\"t-head\"><td colspan=\"2\">Qualifying Expenditure (QE)<\/td><td><b>N\/A<\/b><\/td><td><b>\u20ac200,000<\/b><\/td><td colspan=\"2\"><b>\u20ac500,000<\/b><\/td><\/tr><tr><td colspan=\"2\">30% of the qualifying expenditure<\/td><td>0<\/td><td>\u20ac60,000<\/td><td colspan=\"2\">\u20ac150,000<\/td><\/tr><tr><td colspan=\"2\">Total cost of acquisition + cost of outsourcing to related parties<\/td><td>\u20ac500,000<\/td><td>\u20ac300,000<\/td><td colspan=\"2\">0<\/td><\/tr><tr class=\"t-head\"><td colspan=\"2\">Uplift Expenditure (UE)<\/td><td><b>0<\/b><\/td><td><b>\u00a0\u20ac60,000<\/b><\/td><td colspan=\"2\"><b>0\u00a0<\/b><\/td><\/tr><tr><td colspan=\"2\"><p>Qualifying Profit (QP)<\/p><p><span class=\"grey-smaller\">QP = OI* [(QE+UE)\/OE]<\/span><\/p><\/td><td><p>\u20ac0<\/p><p><span class=\"grey-smaller\">\u20ac1,000,000 x [(\u20ac0 + \u20ac0) \/ \u20ac500,000]<\/span><\/p><\/td><td><p>\u20ac520,000<\/p><p><span class=\"grey-smaller\">\u20ac1,000,000 x [(\u20ac200,000 + \u20ac60,000) \/ \u20ac500,000]<\/span><\/p><\/td><td colspan=\"2\"><p>\u20ac1,000,000<\/p><p><span class=\"grey-smaller\">\u20ac1,000,000 x [(\u20ac500,000 + \u20ac0) \/ \u20ac500,000]<\/span><\/p><\/td><\/tr><tr><td colspan=\"2\">Notional Deduction (80% of QP)<\/td><td>\u20ac0<\/td><td>\u20ac416,000<\/td><td colspan=\"2\">\u20ac800,000<\/td><\/tr><tr class=\"t-head dark-blue\"><td colspan=\"2\">Effective Tax Rate (ETR)<\/td><td>12.5%<\/td><td>7.3%<\/td><td colspan=\"2\">2.5%<\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-686da73 purposes-mob elementor-hidden-tablet elementor-hidden-desktop elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"686da73\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-70eafda\" data-id=\"70eafda\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-66eb8c1 elementor-position-left elementor-vertical-align-middle elementor-mobile-position-left case-box elementor-view-default elementor-widget elementor-widget-icon-box\" data-id=\"66eb8c1\" data-element_type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon elementor-animation-\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"79\" height=\"42\" viewBox=\"0 0 79 42\" fill=\"none\"><g clip-path=\"url(#clip0_168_4405)\"><path d=\"M64.5981 7.93636L56.9316 16.3634C56.7116 16.6173 56.7116 16.9895 56.9316 17.2434C61.501 22.1676 64.2934 28.7502 64.2934 35.9928C64.2934 37.7865 64.1242 39.5464 63.7857 41.2555C63.7011 41.6447 64.0227 42.0169 64.4119 42.0169H77.934C78.2555 42.0169 78.5263 41.78 78.5771 41.4754C78.8478 39.6817 79.0002 37.8542 79.0002 35.9928C79.0002 24.6213 73.72 14.4682 65.4781 7.88559C65.2073 7.64869 64.8181 7.68253 64.5981 7.93636Z\" fill=\"#20BF6B\"><\/path><path d=\"M43.0373 0C35.1677 0 27.8905 2.52135 21.9672 6.8195C21.6964 7.02256 21.6118 7.39484 21.798 7.68251L23.8627 10.9484C24.0319 11.2192 24.3873 11.3207 24.6919 11.1853C28.3305 9.40854 32.4261 8.41015 36.7586 8.41015C43.088 8.41015 48.9267 10.5423 53.5808 14.1297C53.8685 14.3497 54.2916 14.299 54.5116 13.9944L60.5364 5.33038C60.7564 5.00886 60.6549 4.58582 60.3164 4.39968C55.1716 1.59065 49.2821 0 43.0373 0Z\" fill=\"#F7B731\"><\/path><path d=\"M42.428 31.0007C42.0556 30.7638 41.6325 30.5607 41.2433 30.4254L16.5177 21.8291L7.10813 18.5632L1.26944 16.5325C1.15097 16.4987 1.03251 16.4648 0.930965 16.4648C0.423252 16.4648 0.0509304 16.8879 0.000159141 17.3448C-0.0336883 17.6663 0.0847778 18.0217 0.440176 18.2416L5.8727 21.6768L13.8945 26.7364L36.2339 40.8323C37.1985 41.4415 38.2647 41.7291 39.3309 41.7291C41.2602 41.7291 43.1388 40.7646 44.2557 39.0217C44.7465 38.2432 45.0342 37.3972 45.1188 36.5511C45.3389 34.402 44.3742 32.2191 42.428 31.0007ZM42.0387 35.9926C41.8864 37.4479 40.651 38.5309 39.2125 38.5309C39.1109 38.5309 39.0094 38.5309 38.9078 38.514C37.3508 38.3448 36.217 36.9403 36.3862 35.3835C36.5385 33.9282 37.7739 32.8452 39.2125 32.8452C39.314 32.8452 39.4155 32.8452 39.5171 32.8621C41.091 33.0313 42.208 34.4358 42.0387 35.9926Z\" fill=\"white\"><\/path><path d=\"M9.17267 35.9762C9.17267 33.0487 9.62962 30.2227 10.4758 27.566L8.37726 26.2461C7.51415 29.3428 7.04028 32.5918 7.04028 35.9762C7.04028 37.8376 7.17567 39.6651 7.46338 41.4588C7.51415 41.7803 7.78493 42.0003 8.10648 42.0003H9.03728C9.44345 42.0003 9.74808 41.628 9.66346 41.2388C9.34191 39.5297 9.17267 37.7699 9.17267 35.9762Z\" fill=\"#EB3B5A\"><\/path><path d=\"M15.2484 18.6988C16.7377 16.8374 18.4808 15.179 20.3932 13.7745C20.6978 13.5545 20.7486 13.1315 20.5117 12.8438L18.5993 10.5255C18.3624 10.2379 17.9224 10.204 17.6516 10.4748C15.5192 12.6069 13.6406 14.9929 12.1006 17.5989L15.2484 18.6988Z\" fill=\"#EB3B5A\"><\/path><\/g><defs><clipPath id=\"clip0_168_4405\"><rect width=\"79\" height=\"42\" fill=\"white\"><\/rect><\/clipPath><\/defs><\/svg>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tCase 1\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9dcf698 elementor-widget__width-initial m-b-0 elementor-hidden-desktop elementor-hidden-tablet elementor-widget elementor-widget-text-editor\" data-id=\"9dcf698\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The asset was acquired, with subsequent R&amp;D costs for improvements being outsourced to related parties.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9c911b6 custom-table  elementor-widget elementor-widget-text-editor\" data-id=\"9c911b6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<table style=\"border-collapse: collapse;\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\"><tbody><tr class=\"t-head-2\"><td><strong>Overall Income (OI) from qualifying IP<\/strong><br \/>\u20ac1,000,000<\/td><\/tr><tr><td><strong>Cost of acquisition of asset<\/strong><br \/>\u20ac300,000<\/td><\/tr><tr><td><strong>R&amp;D costs, incurred internally<\/strong><br \/>N\/A<\/td><\/tr><tr><td><strong>R&amp;D costs, outsourced to non-related parties<\/strong><br \/>N\/A<\/td><\/tr><tr><td><strong>R&amp;D costs, outsourced to related parties<\/strong><br \/>\u20ac200,000<\/td><\/tr><tr class=\"t-head-2\"><td><strong>Overall Expenditure (OE)<\/strong><br \/>\u20ac500,000<\/td><\/tr><tr><td><strong>R&amp;D costs, incurred internally<\/strong><br \/>N\/A<\/td><\/tr><tr><td><strong>R&amp;D costs, outsourced to non-related parties<\/strong><br \/>N\/A<\/td><\/tr><tr class=\"t-head-2\"><td><strong>Qualifying Expenditure (QE)<\/strong><br \/>N\/A<\/td><\/tr><tr><td><strong>30% of the qualifying expenditure<\/strong><br \/>0<\/td><\/tr><tr><td><strong>R&amp;D costs, outsourced to non-related parties<\/strong><br \/>\u20ac500,000<\/td><\/tr><tr class=\"t-head-2\"><td><strong>Uplift Expenditure (UE)<\/strong><br \/>0<\/td><\/tr><tr><td><strong>Qualifying Profit (QP)<\/strong><br \/>QP = OI* [(QE+UE)\/OE]<br \/><strong class=\"sep\">\u20ac0<\/strong><br \/>\u20ac1,000,000 x [(\u20ac0 + \u20ac0) \/ \u20ac500,000]<\/td><\/tr><tr><td><strong>Notional Deduction (80% of QP)<\/strong><br \/>\u20ac0<\/td><\/tr><tr class=\"t-head-2 dark-blue\"><td><strong>Effective Tax Rate (ETR)<\/strong><br \/>12.5%<\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b77afa0 elementor-position-left elementor-vertical-align-middle elementor-mobile-position-left case-box elementor-view-default elementor-widget elementor-widget-icon-box\" data-id=\"b77afa0\" data-element_type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon elementor-animation-\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"72\" height=\"50\" viewBox=\"0 0 72 50\" fill=\"none\"><g clip-path=\"url(#clip0_168_4414)\"><path d=\"M57.5729 15.6897L49.9022 24.1735C49.682 24.4291 49.682 24.8039 49.9022 25.0594C54.4741 30.0168 57.2681 36.6437 57.2681 43.935C57.2681 45.7408 57.0988 47.5125 56.7601 49.2332C56.6754 49.625 56.9972 49.9998 57.3866 49.9998H70.9163C71.238 49.9998 71.5089 49.7613 71.5597 49.4546C71.8307 47.6488 71.9831 45.809 71.9831 43.935C71.9831 32.487 66.6999 22.2655 58.4534 15.6386C58.1825 15.4171 57.81 15.4342 57.5729 15.6897Z\" fill=\"#20BF6B\"><\/path><path d=\"M13.4619 20.6306L11.5484 18.2967C11.3114 18.0071 10.8711 17.973 10.6002 18.2456C4.04704 24.8214 0 33.9014 0 43.9185C0 45.7924 0.135466 47.6323 0.42333 49.4381C0.47413 49.7617 0.745061 49.9832 1.06679 49.9832H1.99812C2.40452 49.9832 2.70931 49.6084 2.62465 49.2166C2.30292 47.496 2.11665 45.7243 2.11665 43.9185C2.11665 34.7532 6.53622 26.6101 13.3603 21.5675C13.6482 21.3461 13.699 20.9202 13.4619 20.6306Z\" fill=\"#EB3B5A\"><\/path><path d=\"M53.2721 12.1466C48.2429 9.38679 42.5025 7.78543 36.3896 7.71729L37.4056 16.7122L37.4734 17.2914C40.8092 18.2624 43.8741 19.8638 46.5496 21.9422C46.8374 22.1636 47.2608 22.1125 47.4809 21.8059L53.5091 13.0836C53.6954 12.7599 53.5938 12.334 53.2721 12.1466Z\" fill=\"#F7B731\"><\/path><path d=\"M14.7489 15.4517L16.7978 18.7396C16.9671 19.0122 17.3227 19.1144 17.6275 18.9781C20.4554 17.5982 23.5372 16.6783 26.7884 16.3375L27.6689 8.68848C22.9954 9.7958 18.6605 11.8231 14.9013 14.5829C14.6304 14.7702 14.5626 15.1621 14.7489 15.4517Z\" fill=\"#F7B731\"><\/path><path d=\"M37.7949 43.1857L34.8654 17.0017L33.7478 7.03578L33.0536 0.851789C32.9858 0.289608 32.5456 0 32.1053 0C31.9868 0 31.8682 0.0170358 31.7666 0.0511073C31.4618 0.153322 31.2078 0.425894 31.157 0.851789L30.412 7.27428L30.3104 8.16014L29.3621 16.184L29.2944 16.7462L26.2295 43.1516C25.8569 46.3543 28.1429 49.2675 31.3264 49.6423C31.5465 49.6763 31.7836 49.6763 32.0037 49.6763C32.6641 49.6763 33.3245 49.5571 33.9172 49.3526C35.9491 48.6371 37.4901 46.8143 37.761 44.5145C37.8457 44.0716 37.8287 43.6116 37.7949 43.1857ZM33.1213 46.3203C32.8165 46.4395 32.4948 46.4906 32.173 46.4906C31.0046 46.4906 29.904 45.7581 29.4807 44.5826C28.9557 43.0835 29.7347 41.448 31.2248 40.9199C31.5296 40.8007 31.8513 40.7496 32.173 40.7496C33.3414 40.7496 34.4421 41.4821 34.8654 42.6576C35.3734 44.1567 34.5945 45.8092 33.1213 46.3203Z\" fill=\"white\"><\/path><\/g><defs><clipPath id=\"clip0_168_4414\"><rect width=\"72\" height=\"50\" fill=\"white\"><\/rect><\/clipPath><\/defs><\/svg>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tCase 2\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bfa433e elementor-widget__width-initial m-b-0 elementor-hidden-desktop elementor-hidden-tablet elementor-widget elementor-widget-text-editor\" data-id=\"bfa433e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The asset was acquired, with subsequent R&amp;D costs for improvements of the asset being were outsourced to non-related parties.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bd26fe9 custom-table  elementor-widget elementor-widget-text-editor\" data-id=\"bd26fe9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<table style=\"border-collapse: collapse;\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr class=\"t-head-2\">\n<td><strong>Overall Income (OI) from qualifying IP<\/strong><br>\u20ac1,000,000<\/td>\n<\/tr>\n<tr>\n<td><strong>Cost of acquisition of asset<\/strong><br>\u20ac300,000<\/td>\n<\/tr>\n<tr>\n<td><strong>R&amp;D costs, incurred internally<\/strong><br>N\/A<\/td>\n<\/tr>\n<tr>\n<td><strong>R&amp;D costs, outsourced to non-related parties<\/strong><br>\u20ac200,000<\/td>\n<\/tr>\n<tr>\n<td><strong>R&amp;D costs, outsourced to related parties<\/strong><br>N\/A<\/td>\n<\/tr>\n<tr class=\"t-head-2\">\n<td><strong>Overall Expenditure (OE)<\/strong><br>\u20ac500,000<\/td>\n<\/tr>\n<tr>\n<td><strong>R&amp;D costs, incurred internally<\/strong><br>N\/A<\/td>\n<\/tr>\n<tr>\n<td><strong>R&amp;D costs, outsourced to non-related parties<\/strong><br>\u20ac200,000<\/td>\n<\/tr>\n<tr class=\"t-head-2\">\n<td><strong>Qualifying Expenditure (QE)<\/strong><br>\u20ac200,000<\/td>\n<\/tr>\n<tr>\n<td><strong>30% of the qualifying expenditure<\/strong><br>\u20ac60,000<\/td>\n<\/tr>\n<tr>\n<td><strong>R&amp;D costs, outsourced to non-related parties<\/strong><br>\u20ac300,000<\/td>\n<\/tr>\n<tr class=\"t-head-2\">\n<td><strong>Uplift Expenditure (UE)<\/strong><br>\u20ac60,000<\/td>\n<\/tr>\n<tr>\n<td>\n<p><strong>Qualifying Profit (QP)<\/strong><\/p>\n<p>QP = OI* [(QE+UE)\/OE]<br><strong class=\"sep\">\u20ac520,000<\/strong><\/p>\n<p>\u20ac1,000,000 x [(\u20ac200,000 + \u20ac60,000) \/ \u20ac500,000]<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><strong>Notional Deduction (80% of QP)<\/strong><br>\u20ac416,000<\/td>\n<\/tr>\n<tr class=\"t-head-2 dark-blue\">\n<td><strong>Effective Tax Rate (ETR)<\/strong><br>7.3%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d9481df elementor-position-left elementor-vertical-align-middle elementor-mobile-position-left case-box elementor-view-default elementor-widget elementor-widget-icon-box\" data-id=\"d9481df\" data-element_type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon elementor-animation-\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"72\" height=\"43\" viewBox=\"0 0 72 43\" fill=\"none\"><g clip-path=\"url(#clip0_168_4431)\"><path d=\"M35.7896 0C27.9617 0 20.7062 2.58139 14.8142 6.98187C14.5448 7.18977 14.4607 7.57091 14.6458 7.86543L16.6996 11.2091C16.868 11.4863 17.2215 11.5903 17.5245 11.4517C21.1439 9.63255 25.2177 8.6104 29.5273 8.6104C35.8233 8.6104 41.6311 10.7933 46.2605 14.4662C46.5467 14.6914 46.9676 14.6394 47.1864 14.3276L53.1794 5.45729C53.3982 5.12812 53.2972 4.695 52.9605 4.50443C47.8598 1.62853 42.0015 0 35.7896 0Z\" fill=\"#F7B731\"><\/path><path d=\"M13.3832 13.1493L11.4809 10.7758C11.2453 10.4813 10.8076 10.4466 10.5382 10.7238C4.02338 17.3938 0 26.6279 0 36.8322C0 38.7379 0.134674 40.609 0.420856 42.4454C0.471358 42.7746 0.740706 42.9998 1.06056 42.9998H1.98644C2.39046 42.9998 2.69348 42.6187 2.60931 42.2202C2.28945 40.4704 2.10428 38.6686 2.10428 36.8322C2.10428 27.5115 6.49801 19.2303 13.2822 14.1021C13.5684 13.8769 13.6189 13.4438 13.3832 13.1493Z\" fill=\"#EB3B5A\"><\/path><path d=\"M66.3268 17.6191C64.1384 13.9462 61.3607 10.7065 58.1117 8.0385C57.8424 7.81328 57.472 7.84793 57.2363 8.1078L49.6104 16.7355C49.3916 16.9954 49.3916 17.3765 49.6104 17.6364C50.7215 18.8665 51.7147 20.1831 52.5901 21.6038L54.8627 20.9454L63.9363 18.3121L66.3268 17.6191Z\" fill=\"#20BF6B\"><\/path><path d=\"M69.6432 24.8608L67.3369 26.1602L58.6505 31.0804L56.5799 32.2585C56.8155 33.7484 56.9334 35.273 56.9334 36.8496C56.9334 38.686 56.765 40.4878 56.4284 42.2376C56.3442 42.636 56.664 43.0172 57.0512 43.0172H70.5018C70.8216 43.0172 71.091 42.7746 71.1415 42.4628C71.4108 40.6264 71.5623 38.7553 71.5623 36.8496C71.5792 32.6396 70.889 28.6203 69.6432 24.8608Z\" fill=\"#20BF6B\"><\/path><path d=\"M71.7475 19.2996C71.5792 19.1091 71.3435 18.9878 71.0741 18.9878C70.99 18.9878 70.8889 19.0051 70.7879 19.0224L67.6063 19.9407L64.6434 20.8069L55.5698 23.4403L53.92 23.9253L30.2848 30.7686C27.221 31.6522 25.4197 34.9439 26.2951 38.097C26.5476 38.9979 26.9684 39.7948 27.5408 40.4531C28.6182 41.7005 30.2006 42.4455 31.8504 42.4455C32.3722 42.4455 32.8941 42.3762 33.4159 42.2203C33.8368 42.099 34.2577 41.9084 34.628 41.7005L56.0412 29.5905L57.4384 28.7936L66.1249 23.8734L68.7342 22.4008L71.5118 20.8242C72.1347 20.4777 72.1178 19.7328 71.7475 19.2996ZM33.9715 38.7207C33.4328 39.2231 32.7594 39.4656 32.086 39.4656C31.3117 39.4656 30.5373 39.1365 29.9649 38.4954C28.9212 37.3 29.0222 35.4463 30.1838 34.3722C30.7225 33.8697 31.3958 33.6272 32.0692 33.6272C32.8436 33.6272 33.618 33.9564 34.1903 34.5974C35.234 35.8101 35.133 37.6465 33.9715 38.7207Z\" fill=\"white\"><\/path><\/g><defs><clipPath id=\"clip0_168_4431\"><rect width=\"72\" height=\"43\" fill=\"white\"><\/rect><\/clipPath><\/defs><\/svg>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tCase 3\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-de5658b elementor-widget__width-initial m-b-0 elementor-hidden-desktop elementor-hidden-tablet elementor-widget elementor-widget-text-editor\" data-id=\"de5658b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The asset was developed or improved internally, with R&amp;D costs being undertaken by the company itself.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-994efe6 custom-table  elementor-widget elementor-widget-text-editor\" data-id=\"994efe6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<table style=\"border-collapse: collapse;\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\"><tbody><tr class=\"t-head-2\"><td><strong>Overall Income (OI) from qualifying IP<\/strong><br \/>\u20ac1,000,000<\/td><\/tr><tr><td><strong>Cost of acquisition of asset<\/strong><br \/>N\/A<\/td><\/tr><tr><td><strong>R&amp;D costs, incurred internally<\/strong><br \/>\u20ac500,000<\/td><\/tr><tr><td><strong>R&amp;D costs, outsourced to non-related parties<\/strong><br \/>N\/A<\/td><\/tr><tr><td><strong>R&amp;D costs, outsourced to related parties<\/strong><br \/>N\/A<\/td><\/tr><tr class=\"t-head-2\"><td><strong>Overall Expenditure (OE)<\/strong><br \/>\u20ac500,000<\/td><\/tr><tr><td><strong>R&amp;D costs, incurred internally<\/strong><strong><br \/><\/strong>\u20ac500,000<\/td><\/tr><tr><td><strong>R&amp;D costs, outsourced to non-related parties<\/strong><br \/>N\/A<\/td><\/tr><tr class=\"t-head-2\"><td><strong>Qualifying Expenditure (QE)<\/strong><br \/>\u20ac500,000<\/td><\/tr><tr><td><strong>30% of the qualifying expenditure<\/strong><br \/>\u20ac150,000<\/td><\/tr><tr><td><strong>R&amp;D costs, outsourced to non-related parties<\/strong><br \/>0<\/td><\/tr><tr class=\"t-head-2\"><td><strong>Uplift Expenditure (UE)<\/strong><br \/>0<\/td><\/tr><tr><td><strong>Qualifying Profit (QP)<\/strong><br \/>QP = OI* [(QE+UE)\/OE]<p><strong class=\"sep\">\u20ac1,000,000<\/strong><br \/>\u20ac1,000,000 x [(\u20ac500,000 + \u20ac0) \/ \u20ac500,000]<\/p><\/td><\/tr><tr><td><strong>Notional Deduction (80% of QP)<\/strong><br \/>\u20ac800,000<\/td><\/tr><tr class=\"t-head-2 dark-blue\"><td><strong>Effective Tax Rate (ETR)<\/strong><br \/>2.5%<\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-36d2172d elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"36d2172d\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;stretch_section&quot;:&quot;section-stretched&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-10c14bd4\" data-id=\"10c14bd4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-254c47a7 elementor-widget elementor-widget-text-editor\" data-id=\"254c47a7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\tGet professional advice on how your business can benefit from IP Box Regime in Cyprus\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6daeb3c3 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"6daeb3c3\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-md\" href=\"#contact-us\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Contact Us<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7929eb4f elementor-section-content-middle elementor-reverse-mobile elementor-section-stretched mob-no-bg elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7929eb4f\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;stretch_section&quot;:&quot;section-stretched&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-20fc8abe\" data-id=\"20fc8abe\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7ba862ef elementor-widget elementor-widget-heading\" data-id=\"7ba862ef\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-large\">HOW WE CAN HELP<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-46a3e985 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"46a3e985\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-648704d8 m-b-0 elementor-widget elementor-widget-text-editor\" data-id=\"648704d8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>We represent a group of entrepreneurs and legal advisers experienced in practical use of Cyprus IP Box Regime legislation. Our aim is to help companies and founders to take advantage of modern tax rules while generating intellectual property rights in Cyprus.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ef484f4 m-b-0 elementor-widget elementor-widget-text-editor\" data-id=\"ef484f4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>We can review your current situation and provide legal advice on how to improve the business structure for getting benefit from reduced corporate tax rate. The group of professionals can handle the tax compliance and track your IP calculations in line with relevant regulations to determine timely IP related deductions.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-528fad74 m-b-0 elementor-widget elementor-widget-text-editor\" data-id=\"528fad74\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong><span style=\"font-style: inherit;\">Keywords<\/span><\/strong><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6d53184a keywords elementor-widget elementor-widget-text-editor\" data-id=\"6d53184a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul><li>#software<\/li><li>#iprights<\/li><li>#copyrights<\/li><li>#patents<\/li><li>#trademarks<\/li><li>#taxation<\/li><li>#audit<\/li><li>#accounting<\/li><li>#valuation<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a78cf33 elementor-section-stretched contacts elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a78cf33\" data-element_type=\"section\" id=\"contact-us\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;stretch_section&quot;:&quot;section-stretched&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1ac1a2bc\" data-id=\"1ac1a2bc\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-34ab8f8 elementor-widget elementor-widget-heading\" data-id=\"34ab8f8\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-large\">CONTACT US<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5e7f2074 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"5e7f2074\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-bba24f0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bba24f0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-ac947dc\" data-id=\"ac947dc\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3dfd577 contact-list elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-global elementor-global-3100 elementor-widget-icon-list\" data-id=\"3dfd577\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"mailto:info@ipbox.cy\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"icobox- ico-box-letter\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">info@ipbox.cy<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"icobox- ico-box-building\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Cube Audit Ltd, 124 Strovolos Avenue, Tsigarides Building, Office 203, 2042, Strovolos, Cyprus<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-74b4dfa elementor-hidden-mobile elementor-widget elementor-widget-image\" data-id=\"74b4dfa\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/goo.gl\/maps\/tgKdkiicjh7DwK1n7\" target=\"_blank\" rel=\"nofollow\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"882\" src=\"https:\/\/ipbox.cy\/wp-content\/uploads\/2022\/10\/map-1024x882.png\" class=\"attachment-large size-large wp-image-2273\" alt=\"\" srcset=\"https:\/\/ipbox.cy\/wp-content\/uploads\/2022\/10\/map-1024x882.png 1024w, https:\/\/ipbox.cy\/wp-content\/uploads\/2022\/10\/map-300x258.png 300w, https:\/\/ipbox.cy\/wp-content\/uploads\/2022\/10\/map-768x662.png 768w, https:\/\/ipbox.cy\/wp-content\/uploads\/2022\/10\/map.png 1040w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-031ad2f contact-form-col\" data-id=\"031ad2f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9e6ecdd m-b-0 elementor-widget elementor-widget-text-editor\" data-id=\"9e6ecdd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Describe your current situation and plans you have already in mind. 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