ARTICLE
12 December 2016

Decrease In PTO Official Fees

MI
Moeller IP Advisors

Contributor

Moeller IP Advisors logo
Moeller IP Advisors offers you 90 years of experience and IP expertise in Latin America. We specialize in providing a complete range of Intellectual Property and Regulatory Affair services throughout the Latin American region.
On March 9, 2016, the change of the official exchange rate from Bs. 6,30 x 1 US$ to Bs. 10 x 1 US$ was published in the Official Gazette.
Venezuela Intellectual Property

On March 9, 2016, the change of the official exchange rate from Bs. 6,30 x 1 US$ to  Bs. 10 x 1 US$ was published in the Official Gazette.

Subsequently, the Venezuelan PTO published on its website the new official fees according to the new exchange rate, which are in force since March 9, 2016.

Therefore, for the requests filed from March 9, 2016, the official fees will be calculated taking into account the new exchange rate. For those filed before March 9, 2016, and whose bank transfers were made before that date, the official fees will be calculated taking into account the previous exchange rate of Bs. 6,30 x 1 US$.

As we informed you previously, on February 11, 2016, the Venezuelan government increased the tributary unit (tax unit in Venezuela) from Venezuelan Bs. 150 to 177 (a 18 percent increase), and that change also increased the official fees at the Venezuelan PTO. However, with the recently approved exchange rate, the official fees at the Venezuelan PTO have effectively decreased as follows:

Patent application (including payment of first annuity): US$1,770

Trademark grant and issuance of certification of registration: US$1,150.50

Trademark renewal: US$1,770.00

Change of name/address: US$354

Merger/Assignment: US$1,770.00

Registration of license agreement: US $2,655.00

Patent annuity payment:

2nd annuity: US $3,540

3rd annuity: US $5,310

4th annuity: US $7,080

5th annuity: US $8,850 (...)

20th annuity: US$35,400

 

Should you require any further information, please contact us.

Source: http://sapi.gob.ve

Originally published 23 Mar 2016

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More