Singapore’s legal framework for Intellectual Property protection is recognised internationally. In the 2013-2014 Global Competitiveness Report, the World Economic Forum rated Singapore as having the best IP protection regime in Asia. Companies in Singapore are offered generous incentives to register their IP. The Productivity and Innovation Credit scheme offers a 400% write down allowance for acquiring both legal and economic ownership of IP. Under the IP Hub Master Plan, further strategies are being evaluated to enhance the legal framework by increasing the quality of IP filings and developing Singapore as a choice location for IP dispute resolutions. Sovereign’s IP division specialises in IP registration, monitoring, advice and proactive assistance.