The Seychelles respects intellectual property (IP) rights, and regards laws and other measures to protect them as crucial for long term economic development. Efficient and effective protection of IP rights is considered vital by the government for promoting foreign investment, the transfer and dissemination of technology, and protecting the local businesses and artists as well as facilitating the integration of Seychelles’ economy into the regional and global economies. Seychelles joined the World Intellectual Property Organisation (WIPO) in March 2000. In addition, the country became a contracting party to the Paris Convention for the Protection of Industrial Property and the Patent Cooperation Treaty (PCT) in November 2002. Seychelles is also a member of the African Regional Intellectual Property Organization (ARIPO)
The Copyright Act, the Trade Marks Decree and the Patents Act contain provisions that lay down the procedures and measures dealing with infringement of intellectual property rights. All foreign nationals and nationals are treated equally when it comes to IP laws. Seychelles legislation will not discriminate between nationals and foreigners, following WTO principles.
The intellectual property (IP) associated with a business name or system can be one of its most valuable assets – but only if it is properly protected. Any business that wishes to establish a national or international identity should take steps to protect the use of its name, logo or other IP, such as patent rights, formulae/processes, designs, trademarks, franchises, licence agreements, “know-how” and copyrights. Given the importance of IP to modern businesses, Sovereign has established an intellectual property division that specialises in registration, monitoring, advice and proactive assistance.