Secure your idea for 12 months and convert to international patent under PCT within 12 months
Patent Cooperation Treaty (PCT) provides filing mechanism for global protection of innovative products and services.
BVI company valuation increases with innovative business model having technology patent with innovative patent claims that form part of a strong patent filing strategy. The valuation of a BVI company with an innovative business model gets significant boost in terms of BVI business valuation primarily due to patent protection, which may be a PCT national phase entry. The patent valuation process includes a comprehensive assessment of the technology’s value, including whether the technology is innovative enough to warrant an international patent and the degree to which it is novel or different from existing technologies, including digital innovations as protected by software and mobile app patents. The patent valuation procedure also includes conducting a thorough review of the patentability of the claimed invention, including, but not limited to, patentability of business idea of BVI company, novelty/non-obviousness of innovative BVI business mode, scope of patent claims, analysis of other competing technologies in order to determine how the innovative technology compares, and other related factors.
Accordingly, the valuation of a patent of a BVI company is a complex process. It involves evaluating the value of a patent based on its economic contribution to the BVI company. The value of an intellectual property asset, such as a patent, can be determined by applying a business model to it. The economic contribution of an IP asset depends on how it is used and how much value it adds to the company’s operations within the jurisdiction of BVI and abroad.
For a BVI company, patent valuation is an intricate process that requires the use of advanced, proprietary analysis techniques covering all aspects of patent valuation, including, Innovative Business Model Valuation(IBMV) and Innovative Technology Valuation (ITV). While determining the valuation of a BVI company or a BVI business, it is to be understood that the value of a patent is the sum of its parts. By definition, a patent is an exclusive right given to an inventor or their assignee by the government, which they can then license to others. Patents are issued when an invention has been deemed novel and non-obvious, and they last for 20 years from the date of issue. During that time, the patent owner has the ability to exclude others from practicing or selling their invention, but they cannot prevent them from making or using it. This can be accomplished in a number of ways, including licensing agreements and litigation. Licensing agreements allow for one party to use another’s intellectual property (IP) in exchange for royalties; litigation refers to lawsuits brought against infringing companies or individuals who are accused of infringing upon your IP rights. The value of a patent can be calculated by multiplying its annual royalty rate by its remaining term in years (and then adding any additional fees you may receive). For example: if you have a patent on an innovative device that would normally generate $1 million per year in royalties but it has 20 years left on its term and you’re currently receiving $500k per year in royalties.
The British Virgin Islands (BVI) is a self-governing territory of the United Kingdom. The BVI is located in the Caribbean and has a population of approximately 32,000 people. It is made up of 60 islands and cays, 32 of which are inhabited. The largest island is Tortola, followed by Anegada. The British Virgin Islands was first settled by Arawak Indians centuries ago and later became home to Carib Indians until they were wiped out through disease brought over from Europe by explorers. The first Europeans arrived in the late 1400s after being shipwrecked there on their way back home from Columbus’ discovery of America. These early visitors were mostly pirates who used their hideouts here to plan raids on Spanish ships heading north along the coastlines of Central America towards Mexico or South America carrying gold bullion.”
The British Virgin Islands (BVI) is an overseas territory of the United Kingdom and a self-governing financial centre. The BVI has a population of around 30,000 and GDP of $3.4 billion, making it one of the smallest economies in the world but also one of the most affluent. The BVI comprises approximately 60 islands with only two being inhabited: Tortola and Jost Van Dyke. Most businesses are located on Tortola, which has been home to many famous brands including Virgin Atlantic Airways, Branson’s airline; Necker Island where Richard Branson hosts celebrities on his private island; Leverage Productions studios where James Bond films were shot among others.
The legal system of British Virgin Islands is based on English common law, but with local variations. The British Virgin Islands are a member of the Commonwealth of Nations and have adopted its legal system, which has been modified by local statutes and regulations.
British Virgin Islands Company formation is a complicated process. Unless you have experience in this field, it is advisable to hire an offshore company formation agent who can help you with the entire process. The best British Virgin Islands Company formation agents have access to a database of companies that are already incorporated and ready for registration. They can also provide assistance with company name searches, registered office address selection and setting up your bank account in the BVI.
The registration fee varies depending on what type of business entity you choose; however, it usually costs between $1000-$5000 to register your company in the British Virgin Islands (depending on whether or not there will be any additional charges).
The British Virgin Islands is a tax-free jurisdiction. The government does not impose a VAT or income tax on any business activity, and the corporate tax rate is zero percent. There are no property taxes to pay either–except if you lease land from the government (in which case it’s 5% of your annual rent). Import duties are also non-existent, although excise duties do apply to certain goods like alcohol and tobacco products.
There are three banks in the British Virgin Islands: First Caribbean International Bank (FCIB), Royal Bank of Canada (RBC) and HSBC.
The primary payment systems used by businesses include cash, checks, credit cards and electronic fund transfers (EFT). Cash is accepted at most retail outlets as well as some restaurants but not all hotels or tourist attractions accept it as a form of payment. Check writing facilities are available at most banks but may require you to open an account first before being able to write checks from it; expect delays if you plan on using checks during busy periods like holidays when many people will want access to their accounts at once! Credit cards are widely accepted throughout BVI; however many smaller establishments do not take them due lack confidence about security measures when handling such sensitive information online so don’t assume anything just because it looks like somewhere should accept plastic! You can also use EFTs such as bank transfers through services like Western Union which have locations throughout BVI – just make sure they’re open before trying though since some offices close early around noon each day!”
The British Virgin Islands is a good place to protect intellectual property. The BVI has a reputation for protecting trade secrets, confidential information and other intangible assets. Intellectual property rights include patents, trademarks and copyrights. The BVI has been party to several international conventions that govern the protection of intellectual property rights. These include:
World Trade Organization (WTO) Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS); * Paris Convention for the Protection of Industrial Property; * Madrid Agreement Concerning International Registration of Marks; * Patent Cooperation Treaty (PCT); * Madrid Protocol Relating To The Madrid System For International Registration Of Marks; * Hague Convention Relating To The International Registration Of Industrial Designs; * Convention Establishing an International Union For The Protection Of New Varieties Of Plants
It is important to find an experienced offshore company formation agent to make sure you are doing business in a tax-efficient way. A good offshore company formation agent can help you find the right structure for your business and make sure that it is set up properly. They will also help with all of the legal paperwork, which means that you can focus on running your business instead of worrying about compliance issues or tax efficiency.
The British Virgin Islands is an ideal location for doing business. It offers a stable legal system, low taxes and high privacy. If you are looking to set up a company in this jurisdiction, it is important that you find an experienced offshore company formation agent who will help guide you through the process and ensure that everything runs smoothly from start to finish.
Our team of advanced patent attorneys assists clients with patent searches, drafting patent applications, and patent (intellectual property) agreements, including licensing and non-disclosure agreements. Advocate Rahul Dev is a Patent Attorney & International Business Lawyer practicing Technology, Intellectual Property & Corporate Laws. He is reachable at rd (at) patentbusinesslawyer (dot) com & @rdpatentlawyer on Twitter.
Quoted in and contributed to 50+ national & international publications (Bloomberg, FirstPost, SwissInfo, Outlook Money, Yahoo News, Times of India, Economic Times, Business Standard, Quartz, Global Legal Post, International Bar Association, LawAsia, BioSpectrum Asia, Digital News Asia, e27, Leaders Speak, Entrepreneur India, VCCircle, AutoTech).
Regularly invited to speak at international & national platforms (conferences, TV channels, seminars, corporate trainings, government workshops) on technology, patents, business strategy, legal developments, leadership & management.
Working closely with patent attorneys along with international law firms with significant experience with lawyers in Asia Pacific providing services to clients in US and Europe. Flagship services include international patent and trademark filings, patent services in India and global patent consulting services.
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