Our Company Services
Services we DO and Services we DO NOT DO
Our company is EXCLUSIVELY engaged in assisting worldwide clients, either individuals or corporate entities, to get duly and properly registered and licensed with local Regulators and Financial Authorities to get respective official licenses to legally carry out their cryptocurrency business activities.
TBA & Associates Tax Business Advisors Limited does not carry out any sort of Cryptocurrency Business Trade
Planning for Intellectual Property Income
Patent Box Regimes
How They Help Reduce Global Taxes
If your company has valuable intellectual property (IP), you should consider taking advantage of a “patent box” regime as a strategy for reducing global tax costs.
What is a “Patent Box” regime?
A number of countries have enacted “patent box” regimes that provide a low tax rate (5% to 15%) on profits derived from IP. These countries include the Netherlands, Ireland, Luxembourg, amongst others.
The objective of a patent box regime is to promote investment in new technology and incentivize innovation. Countries enacting these favorable tax regimes also hope to attract R&D activities to their countries.
How can your company incorporate patent box regimes into its strategy to reduce effective tax rates?
IP eligible for the low tax rates can include patents, designs, copyrights, models and similar product related rights. Some countries also include trademarks, trade names and other types of marketing IP.
The owner of IP may derive income from licensing it to related or unrelated parties. Profits may also be derived from selling products or providing services using the IP. Royalties and the IP portion of the profits from selling products or providing services can qualify for the low tax rate.
For example, a company operating in a country with a 35% tax rate generally would pay $35 million of taxes on $100 million of profits. If $40 million of the profits were IP related income qualifying for a 10% tax rate under a patent box regime, the company’s tax expense would be $25 million (a $10 million savings, or a 25% blended effective tax rate).
The patent box regimes enacted by countries in Europe do not require that the research activity giving rise to the qualifying IP be conducted in the country granting the tax benefit. IP that qualifies for the special rates may be acquired or licensed from other parties. Other countries require that the benefiting company engage in the development and management of the qualified patents.
What separates us from our competitors is that our services don’t end with the registration of your company. We offer a wide range of additional services others can’t or just won’t offer, such as lifetime free support.
Whilst most providers either specialise on personalized consultation at relatively high rates or run bulk registration factories without any support, we want to offer the positive aspects of both types.
Therefore TBA combines professional advice, worldwide registration services, reasonable fees, customized order processing, lifetime support and fast processing. Where others see company formation services as a bulk registration with no support and no individual assistance, we do care about your business needs.
Should you have any question or matter
You would like to discuss or clarify with us
Should you like to receive further Information
About our services and fees, …
Our multi-lingual team of business advisors is happy to assist you with all upcoming questions and issues in relation to your company.
You may call or email us, and we will be happy to assist you in a fast and efficient manner.
You can also come and visit us at our Limassol offices to discuss issues face to face if you prefer. Just arrange an appointment and we will be happy to meet with you.