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Find out moreWe are excited to share the latest edition of the Law Update, beautifully and appropriately titled “Sustainable Horizons: The Saudi Arabian Vision.” Giving special honor to the Kingdom’s 2030 vision, this update focuses on a collection of both informative and inspiring articles.
For those in construction, you can learn about how the tendering environment impacts risk-pricing for contractors, the updates on the legal framework of the construction industry and how contractors can protect themselves against financial difficulties.
There is good news too from the kingdom’s banking sector, from which the practice of “Open Banking” is being pushed for! But what is open banking? We’re answering that too.
Also . . . Are there any women trail blazers in Saudi Arabia you can name? We’ll help you with that. We cover how the Middle East has been making strides in empowering women in the entrepreneurial space,most notably in STEM fields.
Read the full editionIn 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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