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Deal by Design
Welcome to this edition of Law Update, focusing on the evolving M&A landscape across the MENA region. With deal activity and value continuing to grow, the region is seeing increased investor interest alongside a changing regulatory environment.
This edition explores key legal and market developments affecting M&A transactions, including regulatory reforms, foreign investment, governance, due diligence and deal structuring across the region.
In a very much positive and long awaited step, the UAE Ministry of Economy has just reduced the trademark registration fees. According to Ministerial Decree No. (51) of 2019 with respect to the fees of the Ministry’s Services (“Decree”), the reduction of the fees is mainly for the registration fees, which has been reduced up to 33% of the current registration fees (AED 6,700 instead of AED 10,000). The reduction does not affect the filing or the publication fees which will remain the same.
Accordingly the new official fees for filing a trademark up until registration and the renewal would be:
| Service | AED | ≈USD |
| Filing | 1,000 | 272 |
| Publication | 1,300 | 356 |
| Registration | 6,700 | 1,824 |
The new registration fees are already implemented and effective as of July 7, 2019.
The UAE has the world highest official fees for trademark registration; hence, the Ministry’s step to reduce the fees is very welcomed and in line with the UAE government decision on fee abolition to positively impact the economy that was issued in May 2019.
For further information please get in touch.
Omar Obeidat
Partner, Head of Intellectual Property
o.obeidat@tamimi.com
Rasha Al Ardah
Senior Associate, Intellectual Property
r.alardah@tamimi.com
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