Implementation of the "IP Box" tax regime
REVERA’s client - a software developer - benefited from IP box regime when opening an office in Cyprus
The REVERA team supported the client company's new office in Cyprus in opening a corporate account in a foreign EMI, obtaining a foreign company status, relocation and recruitment of employees.
REVERA lawyers also assisted the client in obtaining the benefits of the IP box regime: we prepared a business plan, reviewed the IP description, organized interaction with independent auditors, including obtaining their final conclusion.
In addition, the REVERA team conducted a number of consultations on restructuring of the client's business, during which we helped to select options for structuring contractual relations with counterparties, prepared software rights purchase agreement and standard agreements for interaction with individual entrepreneurs/individuals, reviewed licensing agreements.