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Hong Kong will stimulate innovation with a special regime

Hong Kong will stimulate innovation with a special regime

The new “Patent Box” regime was introduced in the recent Internal Revenue Bill. The new regime implies a special preferential rate for intellectual property.

Source:https://www.ey.com/en_gl/tax-alerts/hong-kong-announces-2024-25-annual-budget-with-new-patent-box-re

In this way, the authorities are trying to stimulate investment in research and development. It is planned that the new rules will make Hong Kong more competitive as a center for trading intellectual property.

An important feature is that the emphasis is placed on increasing applications for registration of intellectual property.

The project will be reviewed on April 10, and is highly likely to be accepted.

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