Offshore Intellectual Property in Singapore
Intellectual property is another parameter in an offshore jurisdiction that gets focused on maintaining high-end confidentiality and privacy. Every business has earned its creative symbols that need to be copyrighted or patented accordingly. Just like the onshore business, the offshore industry also demands the right to protect the assets.
Singapore is one of the well-sorted offshore jurisdictions preferred by business investors when it comes to investing offshore. The business owners can avail the service after the offshore company incorporation in Singapore, which can be done in a hassle-free manner under expert’s guidance.
So, if you have already set up your offshore company in Singapore, then this is the right time to know about the intellectual property service that will help you to protect your business creations in the tax-haven jurisdiction.
What Can be Protected?
Talking about the services where the IP services can be implemented, the following list can be considered:
- Inventions: patents, supplementary protection certificates, trade secrets
- Brands: trademarks, association marks, certificate marks, hallmark, geographical indications
- Other creations like design rights, semiconductor topography rights, plant varieties, database rights etc.
Singapore Intellectual Property Services
According to the World Economic Forum’s Global Competitive Rank, Singapore holds the second position in intellectual property registration and implementation. The government has taken essential steps to provide a clean and robust framework regarding IP registration. Coming to the Singapore Intellectual Property Laws, the jurisdiction has got the following laws:
- Patent Law under the Patent Cooperation Treaty (PCT)
- Copyright Law
- Trademark Law under the Trade Marks Act
How to Register Intellectual Property for Singapore Offshore Company?
The complete registration process involves specific steps that need to be followed.
1.Complete the Company Setup Process
The very first step is that your business entity is incorporated that holds the respective intellectual property creations. Singapore offshore company incorporation can be completed within a short duration. To know more regarding the company incorporation, look at our latest guide, How to Register Offshore Company in Singapore.
2.List-down the Creations that need to be Protected
The next move is to be sure regarding the designs or artwork, which needs to be protected. Make sure that you carry out the process under the guidance of a certified business expert who can help you to solve the process at ease.
3.Get the Required Set of Documents
Documentation is a major part that needs to be cleared when it comes to protecting IP services. The essential set includes:
- Certificate of Incorporation
- Memorandum of Association (MOA)
- Articles of Association (AOA)
- Blueprint of the designs or processes to be protected
- Identity proof of the company shareholders and directors
- Address proof of the company shareholders and directors
4.Complete the Verification Process
Once the documents get submitted to the respective authorities, it undergoes the verification process. Upon receiving the essentials, strict scrutiny occurs, which might turn out to be a green go or abort. If the requirement is met, you will be obtaining the approvals. On the other hand, if the process gets abort, you need to cross-check with your business advisor.
5.Gather the Approvals
The final call is to gather the respective approvals from the government authorities to obtain the IP certificate. The designated approvals highlight that your IP creations are protected and you hold the complete control on them.
Thus, we can see that the registration process of intellectual property needs to undergo various steps. The respective authorities prefer to deal with certified business experts as it enhances the trust-building. Compared to an individual who proceeds alone for the registration process, there are high chances of error as the foreigner may not be aware of the regulations that need to be abiding by.
Business Setup Worldwide understands the minute concerns that a business investor might face through. Since inception, we have been dealing with business investors and has been helping them to incorporate their business entity along with additional services like:
- Offshore bank account
- Nominee director services etc.
Our business advisors are well-experienced and can provide you with tailored solutions accordingly suiting your business needs, which has made us one of the top ten business consultants in Dubai. In case you hold any query or want to proceed ahead with the Singapore Offshore IP Services, feel free to have a word with our business advisors. Contact us today-we’d be glad to assist!