Being in the first 30 countries in terms of the Gross Domestic Product, UAE’s economy is one of the strongest in the Arab countries. Surprising for many, there are a number of non-oil sectors behind the boosting economy of the region. In fact, an estimated 70-75% of UAE’s Gross Domestic Product or GDP is produced by non-oil sectors, chiefly tourism, finance, real estate, and transport.
With the growth in the region’s economy, there is a substantial increase in the patent application filing. The Federal Law no. 17 of 2002 governs the patent protection in the region; this law was amended later in 2006 by Federal Law no. 31. The patents are granted a protection for a period of 20 years from the date of filling of the patent. Worldwide originality is a requirement, also the utility of the invention is observed.
To tackle the increasing number of patents being filed in the UAE, the government signed a Memorandum of Understanding or MOU with South Korea in 2014. The main aim of this agreement between the UAE ministry of economy and Korean intellectual property office (KIPO) is enhance the capabilities of the UAE patent office and thorough examination of patent applications filled in the UAE.
Talking about patent registration in UAE, it is a must to file the patent application in Arabic as well as in English. Commercial licence, a power of attorney and an assignment known as formality documents should accompany the application. These formality documents can either be filled along with the patent application of within 90 days of the submission of the patent application. After the acceptance of the documents the application is put through substantive examination. If there are any objections to the application the applicant is granted opportunity to rectify them. The UAE patent office declares the patent accepted or rejected only after substantive examination.
Axiom-Mark has a global clientele, serving clients in Asia, America, Africa, Europe and GCC countries, which include Bahrain, Kuwait, Qatar, Oman, Saudi Arabia and UAE. Travel Clinics Calgary