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Amendments to Trademark Laws

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Feb 28, 2018 (Newsletter Issue 4/18)
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Payment of Official Fees in USD Suspended Temporarily

The Venezuelan Patent and Trademark Office (SAPI) has informed by official notice published on February 2, 2018, that they have temporarily suspended payments in USD for their services. Such decision is based on the revocation of the regulation that fixed the Exchange Rate to be used to calculate the Official Fees in said currency.

This applies to the Official Fees to be paid by Foreign IP owners for trademark renewals, patent annuities, granting of patents and trademarks as well as changes of proprietorship and address.
Those patents or trademarks having a close due date must be filed with a writ before the SAPI in order to guarantee the owner’s rights.

This procedure will be in force until the Venezuelan authorities define the new payment procedure, amounts and currency to be used.