Offshore Intellectual Property Business in Seychelles
In general, intellectual property could be considered as creativity or artwork of the human mind that is used by the business entities and are intangible assets that need to be secured. The growing speed of the offshore industries not only permits the business investors to secure their wealth and assets but also provides them with the flexibility to safeguard the intellectual properties by incorporating an offshore business entity.
Seychelles, a favourable offshore business destination, has been widely accepted by international investors for setting up their offshore unit. Right from tax exemption to entering the forex market, the region has a bundle of benefits. At the same time, it provides the essentials to protect business creations by setting up an offshore entity.
If you are looking forward to securing your business creations, then you can count on to proceed with Seychelles offshore company incorporation. This guide would help you to comprehend the core essentials required to be followed.
According to WIPO (World Intellectual Property Organization), the intellectual properties, in other terms, the human arts, could be categorized as:
- Trade Secrets
When it comes to utilizing IP in the offshore segment, a business proprietor needs to proceed with the incorporation procedure of an offshore business entity to protect the concerned IP. In most cases, a holding company gets incorporated, whose primary mission is to hold the shares in other business units.
How to Set Up an IP Holding Company in Seychelles?
The process of setting up a holding company in Seychelles involves the following steps:
1.Get a Clear Idea of the Tax Haven Jurisdiction
The primary move is to get a clear idea of the chosen tax-haven jurisdiction. Since you are focusing on Seychelles here, make sure to get a clear view of the offshore company incorporation process in Seychelles.
2.Incorporate an IBC
In the following move, you need to incorporate an International Business Company (IBC), which is one of the most selected business structures. To proceed forward, you need to submit the needed set of documents to your business advisor, who, in turn, would help you grab the permissions from the relevant government authorities at ease.
Here is our guide on How to Start a Seychelles IBC that will help you to learn about the process in-depth and answer all your relevant questions on the setup process.
3.Evaluate the Company's IP Portfolio
Before you transfer, make sure that you have a clear idea regarding the intellectual properties that your business entity holds. Certain specifics are to be carefully looked into, such as:
Is any trademark or patent application pending?
Is everything registered?
4.Assign the Ownership
After the incorporation of the company, you are required to transfer the ownership to the established business entity. The legal formalities have to be cleared in consultation with expert's advice, and thus, can be carried out in a problem-free way. The legal transfer verifies that the business entity is holding the IP creations legally. The license agreement also involves the controls over third-party designed to prevent forfeiture or "naked licensing".
Based on the business company's various intellectual properties, the company has the flexibility to direct IP Licenses to a third-party to sub-license for any particular region. This is the last step in the procedure that needs to be completed in an error-free way.
Why Move IP Assets Offshore?
Specific reasons that motivate business investors to transfer their business creations to offshore destinations include:
- Mitigating tax liability
- IP asset protection
- Cost-benefits analysis
- High-end confidentiality
Whether you are a startup investor or an MNC, securing your intellectual properties is a must, which could be done through an offshore account. Appropriately, this turns out to be the safest and the most comfortable alternative. An intellectual property holds a commercialized value that can be monetized at any time (particularly in an emergency).
At Business Setup Worldwide, we serve our esteemed clients to register a holding company and secure their assets accordingly. Our experienced business experts are well-versed with the offshore company setup process and can assist you in protecting your business assets with ease. If you are looking forward to securing your business, feel free to have a word with our experts. Contact us today-we'd be happy to assist!