The idea of intellectual property protection is concerned with preserving works created by the human mind. Any brand or business unit has a symbol, a mark, or even a design for a procedure that distinguishes it from its rivals in the market. No matter the size of the business—small, medium-sized, or even multinational—creations must be safeguarded against alteration by competitors.
One critical global trend rising dramatically is the offshoring of company units. Tax exemption is one of the primary motivators for business owners to make the same investments. Therefore, protecting corporate assets is a significant factor that business investors consider when choosing offshore countries.
Intellectual Property Services in the BVI
The British Virgin Islands (BVI) is one of the reputed offshore destinations widely preferred as it provides a suitable business environment. In addition, the growth of modern technology has dramatically widened the business owners' scope to increase international operations.
The process starts with incorporating a business unit, preferably an International Business Company (IBC). It is one of the most common business structures selected by global business owners.
Businesses Who Use Intellectual Property BVI
Few of the business industries which use intellectual property services involve the following:
- Software companies
- Other information technology companies
- Music, book publications
- Franchise operating systems
- Manufacturers, or retailers
How to Avail of Intellectual Property Services in BVI?
It would be best if you took the following actions to protect your intellectual property when working offshore:
Join Hands with Business Expert
The first and most crucial step is to team up with qualified professionals who can quickly assist you in handling the process. Going offshore is difficult because you might need to become more familiar with the legal procedures; therefore, working with a professional simplifies the process.
Understand the Complete Proceedings
Once you have a guide, you must engage in conversations to comprehensively understand the procedure. This will make the process easier to streamline and assist you in understanding the actions that need to be taken.
Apart from the process, it is also essential to know the selected jurisdiction.
Regarding the BVI, the offshore ground allows the business investors to proceed with the incorporation process of different company types. Here’s a guide on BVI company types that will help you get a better understanding of the type of business structure to be selected.
Handover the Documents
The next step is to submit the necessary paperwork to the business owners, who will assist you in obtaining the required business approvals from the appropriate authorities. Due to the process involving the incorporation of a new business unit, the following papers must be submitted:
- A duly filled application form
- Identity proof of the shareholders and directors
- Address proof of the shareholders and directors
- Passport-sized photos of the business shareholders and directors
- Well-drafted business plan
- Memorandum of association
- Articles of association
- Required incorporation fee
Establish the Business Units
The government authorities will grant the necessary approvals after reviewing the business paperwork. However, you should double-check with your business counsel and correct any problems if the approvals are not given.
Transfer the Assets
After receiving the certificate of incorporation, you need to transfer the assets to the business unit. This would help you to safeguard your business creations at ease.
Avail Nominee Services
The next move is to proceed with the nominee services, which is a must as it deals with offshore business transactions. But, again, rolling with the nominee director's services helps maintain the business owners' confidentiality.
Business Setup Worldwide| Your Offshore Guide
One of the best business advisors in Dubai, Business Setup Worldwide, has been assisting business investors with establishing their companies in well-known offshore jurisdictions. Our business professionals can help you by offering specialized solutions because they are knowledgeable about setting up offshore companies.
Please feel free to speak with one of our business experts if you consider setting up an offshore company to protect your intellectual property services. Contact us right away; we'd be happy to help!