Cyprus IP Box Chaos: Does My IP Qualify Or Not?!

[Leo Vanguard]

Hey all,

I’m planning to move to Cyprus and live there full-time. I also qualify for non-dom status.

That said, I’m stuck in a bit of confusion about the IP Box regime and need some clarity:

If my books are sold on Amazon.com (with all sales handled by Amazon USA) and I only receive the royalties, do these royalties qualify for the Cyprus IP Box regime? I’ve heard conflicting opinions from various tax advisors, and I’d really like to get a definitive answer.

Also, I want to connect with the absolute best advisors who are experts in the IP Box regime.

If you’ve worked with someone knowledgeable and reliable, please share their contact info so I can reach out.

Appreciate the help!

Cheers,

 

[Marzio]

If my books are sold on Amazon.com (with all sales handled by Amazon USA) and I only receive the royalties, do these royalties qualify for the Cyprus IP Box regime?

Of course not since you don't have any R&D costs

https://ipbox.cy/

 

[Leo Vanguard]

Of course not since you don't have any R&D costs

https://ipbox.cy/

Books need to be research and developed?

 

[Marzio]

Books need to be research and developed?

To qualify for the benefits of the regime, there needs to be a direct link between the qualifying income and the own qualifying expenses contributing to that income.

No expenses = no tax benefits

 

[dany]

No expenses = no tax benefits

seems logical to me