Intellectual Property: Legal Advisory

The first thing a brand or technology owner needs to know about the Gelephu Mindfulness City is how intellectual property is protected there. Basnet Law Pte. Ltd., the first incorporated law firm in GMC, gives international clients a clear account of the position: protection rests on the Application of Laws Act 2024, general law and contract, and the Income Tax Act 2025 contains IP-specific tax provisions.

Advising on which law governs a given IP question in GMC under the Application of Laws Act 2024.

Advising on brand protection through company and business name registration, where the Registrar must refuse identical or undesirable names and may direct a change where a name so nearly resembles another as to be mistaken for it.

Drafting licensing, assignment, confidentiality and technology transfer agreements under GMC law.

Tax structuring for IP-holding companies under the Income Tax Act 2025: writing-down allowances for acquired IP rights over 5, 10 or 15 years, R&D deductions and innovation cost-sharing deductions.

Withholding on royalties and know-how payments deemed derived from GMC, and advice on approved royalty status.

Advising on security over patents, trade marks, copyright and registered designs and its registration under the Companies Act 2025.

Technology, media and brand owners entering GMC. Groups considering a GMC IP-holding or licensing company. Founders in the priority industries with know-how to protect. Lenders taking security over the IP assets of a GMC company.