HomeNews & EventsThe UAE reduces some trademark fees
July 24, 2019

The UAE reduces some trademark fees

The UAE Ministry of Economy has implemented significant reductions regarding the fees for registration and renewal of trademarks. These amendments were first published on the Ministry of Economy official website on July 13, 2019, applying to pending and new applications.

The fee for registration of a trademark has dropped drastically from 10,000 AED to 6,700 AED, constituting a 33% decrease. Additionally, renewal of a trademark now costs 6700 AED as opposed to the previous rate of 10,000 AED.

The fees for several intellectual property services have been cancelled, including the fee for subscription to the trademark bulletin, which is now free of charge. Additionally, the fee for the transfer of patent ownership for both legal and natural persons have been abolished. 

These amendments are set to be welcomed after the dramatic increase in fees which occurred in 2015. The move is also set to provide a positive impact on the business sector in the UAE. The reduction and abolition of fees aim to reduce the costs of undertaking business and investment activities, thus allowing for a more corporate-friendly landscape in the UAE. 

 

Author: Danielle Carvey
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