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I.P, KNOW HOW, ROYALTY RIGHTS, COPYRIGHT

The licensing and efficient structuring of Intellectual Property (IP) and Royalty Rights is a very important consideration for all businesses. It is essential to ring fence and protect Intellectual Property against risk exposure that exists within business.

 

A structure should be considered at the soonest point possible before considerable value is assumed.

ISLE OF MAN PROPOSITION FOR PROTECTION

The Isle of Man provides a politically stable environment for IP and Patent Ownership Structures:

 

  • The Isle of Man does not have its own register for Patents. Instead, it falls under the UK Register, as the principle terms of the UK Patents Act 1977 extend to the Isle of Man. This eases administration and removes re-registration concerns, should a Patent be established in or moved to the Isle of Man.

 

  • As with Patents, the Isle of Man does not have its own register for Trade Marks. Instead, registration is affected via the Trade Mark Registry, which is part of the UK Intellectual Property Office.  Again, the principle terms of the UK legislation, the Trade Marks Act 1994, apply to the Isle of Man, which eases administration and removes re-registration requirements concerns, should a Trade Mark be established in or moved to the Isle of Man.

 

  • Although the Isle of Man is not part of the European Union, the Community Trade Mark is recognised and protected in the Isle of Man.  The Community Trade Mark system facilitates one single registration process to achieve European Union wide rights (if granted).

 

  • The Isle of Man is part of the Madrid Protocol, resulting in a streamlined process for registration of a brand through the European Union.

 

  • No withholding tax is levied on royalty payments.

 

  • If centrally managed and controlled, an Isle of Man Company is subject to resident corporate tax at a rate of zero percent.

REQUEST A FREE CONSULTATION

Our team has over seven decades experience in devising solutions for a wide range of clients including those with global business interests, high net-worth individuals, yacht and aircraft owners and those living and working abroad.

ALL ENQUIRIES ARE RECEIVED IN THE STRICTEST OF CONFIDENCE. 

Thank you. One of our Advisors will contact you in confidence

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