The United Arab Emirates joins the Madrid Protocol
- Wednesday, 29 September 2021 16:34
The United Arab Emirates has signed the document of accession to the Madrid Protocol which will enter into force on December 28, 2021. With the accession of the UAE, there are 125 countries belonging to the Madrid System and 3 of them are members of the Gulf Cooperation Council (the other members being Oman and Bahrain).
This Persian Gulf country is one of the richest countries in the world and one of the top 5 in terms of highest per capita income. The wealth is mainly concentrated in the two largest emirates, Dubai (the most cosmopolitan) and Abu Dhabi (the most conservative and the country’s capital), and it is based mainly on the exploitation of oil and natural gas, although in recent times tourism, finance, real estate and construction have also become very important. It plays a key and strategic role in the Middle East and global diplomacy, and it is one of the main gateways to Asia.
Its stability and wealth make it attractive for foreign investment and international trade, particularly for the luxury market.
One of the obstacles posed by the national route for the protection of trademarks in the UAE is the high cost of local legal services and official fees, which are extremely high in some cases. The price of the fee for international applications in the United Arab Emirates is still unknown and it is almost certain that the country has opted to levy an individual fee, but the country’s accession to the international registration system will surely entail an economic benefit for trademarks owners with regard to the protection of their rights.
Author: Cristina Arroyo
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United Arab Emirates reduces its official fees in relation to IP rights
- Thursday, 07 November 2019 17:54
Great news for holders of trademark rights and IP professionals interested in the United Arab Emirates.
The high costs of this jurisdiction, one of the world’s most complex economies and also one of the countries in the Arabian peninsula offering most opportunities for foreign investment, have often proven to be an obstacle to the internationalization of trademarks and a decisive factor in decision-making with regard to the management and maintenance of trademark portfolios.
The Middle East has for some time been one of the most expensive regions in the world for protection of IP rights.
The GCC (Gulf Cooperation Council, made up of the United Arab Emirates, Saudi Arabia, Bahrain, Kuwait, Oman and Qatar) has worked hard to integrate, unify and standardize areas of the economy, finance, trade and customs, the laws of its members, among other aspects, and all of these efforts have also had an impact in the field of trademarks. One of the major milestones in the field of IP, not only in the GCC countries but in the Middle East and the territories of the region, was the issuance of the GCC Implementing Regulations. In this context of forging closer links between these countries, in the past few years we have seen reductions in tariffs and bureaucracy in neighbouring countries such as Bahrain, Oman and Kuwait which have facilitated and simplified the procedures for registering trademarks.
While not all of the fees relating to trademarks have been reduced in the United Arab Emirates (for example, the cost of preparing documentation and attending to formal requirements remains very high), the fees for registration and renewal have been reduced, which will facilitate matters with regard to portfolio management and decision-making.
Authors: Cristina Arroyo
y Juan M. Sáinz de Marles