If you are looking for register a business in ParaguayProtecting your intellectual property is crucial to ensure your market competitiveness. The first step to doing so is to carry out a search on the Paraguay trademark office database — something Biz Latin Hub will do for free on your behalf.
The Paraguay trademark office database is run by the country’s National Directorate of Intellectual Property (DINAPI), based in the country’s capital Asunción.
Note that all DINAPI processes are carried out in Spanish — one of two official languages in the country, alongside Guaraní — so if you don’t have proficiency in Spanish, you will need assistance.
Contact us todayIf you would like us, to conduct a free search of Paraguay’s trademark office database.
Continue reading to learn more about Paraguayan markets as investment destinations, and how to register trademarks in the country.
Paraguay ‘one of best countries to invest in Latin America’
Paraguay may not be the most sought-after investment destination in Latin America and Caribbean, but the country has experienced significant growth and years of political and economic stability.
It has seen gross domestic product, or GDP. increase almost five-fold between 2002 and 2020Despite some recent declines that were exacerbated by global COVID-19 pandemic.
These factors were recently led Inter-American Development Bank President Mauricio Claver-Carone to declare that “all the chips for success are on the table” and if he were running a foreign company looking to enter the region, “one of my first destinations would be Paraguay.”
The country is also home to a number of free trade zones (FTZs) located around the city of Ciudad del Este, in the Argentina-Brazil-Paraguay tri-border area, which offer lucrative financial incentives to foreign investors.
The country also seeks to increase investment and trade. establishing transfer pricing normsIn 2019, for the first-time, and currently engaged in negotiations for a free trade agreement (FTA) with Chile set to yield the country’s first bilateral FTA.
The country is also a founding Member of the Southern Common Market (Mercosur), a 30-year-old economic associationParaguay has free trade access to many key markets through this agreement, which also includes Brazil, Argentina, Uruguay.
All of this makes Paraguay an attractive country for investment. However before you launch your brand or product, it’s important to search the Paraguay trademark registry database to protect your intellectual property.
Registering begins with a search in the Paraguay trademark database
To register a Paraguay trademark, there are six steps. The first is to search the trademark office database.
1. Search the Paraguay trademark database
You can search the Paraguay trademark registry database to find a brand, design, or other information. It is worth looking at other options if your chosen name is already in use on the market.
2. Submit your application
Once you have confirmed that the chosen name or brand is available for purchase, you will need submit the application to DINAPI. This process can be started online, but you will need to submit the application to DINAPI. a lawyer representing you in ParaguayIt may be necessary to attend in person during the process.
3. 3.Publish your application
Paraguay trademark registration requires that your application be published in the National Gazette or in a newspaper with a large circulation for at least three consecutive day. This is in order to allow third-parties to comment on your proposed trademark and to dispute it.
4. Commentaries and objections of third parties
After publication, third parties have 60-days to make objections or comments about your proposed trademark. DINAPI will consider these when reviewing the application.
5. Review of your application
DINAPI will conduct an in-depth review of the application once the 60-day period is up. It will verify that the application is in compliance to all local laws and that no substantive objections have been filed.
6. Trademark approved
Once the process is complete and DINAPI has determined that the trademark can legally be granted, it will issue an opinion to the General Directorate of Industrial Property. This will either approve or deny the application.
Biz Latin Hub offers an obligation free search of the Paraguay trademark registry database
Biz Latin Hub is a team of corporate support experts based out of Asuncion that will perform an obligation-free search on the Paraguay trademark registry database for you. This will give you an initial idea of whether the brand name you are interested in can be used in the market.
We offer a wide range of back-office solutions including company formation, accounting & taxation, legal services, visa processing, and hiring & PEOWe can offer a customized package of integrated services to meet every need.
We also have teams in 15 other markets in Latin America and the Caribbean as well as Australia and New Zealand.
Contact us todayFor more information about how we can help you, please contact us with details of a trademark you’d like Paraguay to examine or additional information about how we can assist your business.
You can also read about our team and expert authors.