The first thing a brand or technology owner needs to know about the Gelephu Mindfulness City is that it has no intellectual property statute of its own yet. Basnet Law Pte. Ltd., the first incorporated law firm in GMC, gives international clients a candid account of the position: protection today rests on the Application of Laws Act 2024, general law and contract, while the Income Tax Act 2025 already contains IP-specific tax provisions.

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

Protecting brands 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 applications for approved royalties.

Taking and registering security over patents, trade marks, copyright and registered designs 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.