Intellectual Property Protection in Mauritius

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The Semiconductor Intellectual Property (IP) Market is estimated to grow exponentially in the coming years.

With its demand along with the adoption of digital and technology platforms, organizations and businesses are taking a modern turn towards achieving targets and business growth.

Factors driving the Semiconductor IP market One of the major factors that have been driving the Semiconductor IP market towards the growth is advancement in the multicore technology for the consumer electronics sector with different other factors such as the demand for the modern SoC designs.Not just this, the demand for smart watches, and wearable technology along with the adoption of the Internet of things by almost all the organizations (whether small, medium or large) is one of the major reasons that are dragging the semiconductor intellectual property market forward.

The Semiconductor IP market analysisThe semiconductor market analysis includes the growth of the market based on design IP that includes Processor IP, memory IP, and other IP.

Also, there is the IP source division, business model, vertical, etc sectors of the semiconductor IP market that derives different from the IP market as a whole.As per the MarketsandMarkets analysis, the Semiconductor IP market is estimated to grow at USD 6.5 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period.

If we talk about the sector which is growing at the highest rate in the whole semiconductor IP market then based on IP design, processor IP holds the largest market size of the whole semiconductor intellectual property market.The IP processor has the highest demand as it is used in the automobile sector majorly.

It can be a complex question.

You may not know how to set up an offshore company in Mauritius and you may want to ask your relatives, the tax consultants and the offshore company brokers for advice.

As there is a legal document that is a requirement in order to set up an offshore company in Mauritius, the most important first thing we need to know is what is it that I will have to do?The following are the reasons for setting up an offshore company in Mauritius:Setting up an offshore company is the only legal document that you can provide to ensure that you receive a tax exemption for your tax that you paid in order to be registered as a resident individual in Mauritius.

If you do not provide these documents, your tax in Mauritius will become taxable for all of Mauritius, your personal, home and/or residential property will become exposed to any tax that you are liable for in Mauritius and the legal representative of your financial assets will lose the right to file for a tax claim with any court in Mauritius or seek any legal remedy in the local courts, in any country in MauritiusIt is not a tax loss carry forward and it will not expire; it is a tax loss carry forward to use in other tax years in future when you are in a situation where you have already paid taxes that you owe.

When you set up an offshore company in Mauritius as a resident individual all the future taxes due will be considered to have been paid for the tax years that you have set up the offshore company.

However, because there is a tax exemption provided by the Tax Code, you will receive a tax exemption on the taxes that you have paid on your personal, home and residential property.By using an offshore company in Mauritius as a company in place of a resident individual you can lower your personal income tax rate.