You will need to register your trademark in Peru if you want to launch a product/brand on Peru’s market. This will ensure that you have a competitive edge and protect you from imitation.
Your corporate lawyer in PeruWe will be able help you with this process as well as many other aspects market entry and ongoing operations within the country such as company formationAnd visa processing.
Peru is a popular country for foreign investment. While the economy was hit hard by the global COVID-19 pandemic in 2004, it is now recovering. The World Bank recently predicted that Peru’s gross domestic product (GDP), will increase by 5%. will grow 11.3% in 2021.
The country is well-known for its production of gold, copper and agricultural products. It also has a growing professional service sector that was established in 2019. contributed more than 54% of GDP.
In 2020, Peru’s GDP was registered at $202.01 billion (all figures in USD) — a significant decline on the previous year, prior to the pandemic hitting, but one which still places the country as the sixth-largest economy in Latin America and the Caribbean.
Notably, foreign direct investment (FDI) as a percentage of GDP has followed a fluctuating but general upward trajectory over recent years — rising from 1.57% of GDP in 2000 to 3.89% of GDP in 2019 — pointing to the increasing interest the country attracts from international capital.
Peru is also a major trade hub and founding member of the Pacific Alliance — a decade-old economic associationThis includes Mexico, Colombia, Chile, and Colombia, which are making bold moves to expand their presence in the Asia-Pacific region.
It is also a member of the Andean Community of Nations (CAN) — a regional association focused on eliminating trade barriers that also includes Bolivia, Colombia, and Ecuador.
August, CAN introduced a freedom of movement statuteOffering potential benefits to residents businesses in all the member states. The organization was established earlier in the month. launched a regional trademark databaseThis will allow intellectual property to be sourced from all four countries listed.
If you are interested in registering a trademark in Peru, read this article to find out more about the importance of this process and a step-by–step guide.
You could also go ahead and contact us nowFind out how we can help you do business.
Protecting your international property in Peru: Why you should
You can register your trademark in Peru to have the exclusive right of using your brand or product. This allows you to keep your market edge.
You will be able to transfer your rights to any third party, and you can also challenge any company trying to use or imitate you intellectual property.
Peru’s Trademark Registry is managed by the National Institute for the Defense of Competition and Intellectual Property(INDECOPI), the items covered are:
- Geographical indications
Failure to register intellectual property can lead to your competitors copying your work, or even registering a mark that could limit your ability continue trading a product or using a brand.
How to complete trademark Registration in Peru
You will need to follow the five steps below to register your trademark in Peru.
1. 1. Conduct a trademark search
To be able to submit your application, you must identify if another company is trading a similar product or brand to yours.
2. 2.Submit the application to INDECOPI
Three copies of the form will be required. Two of these will be sent to INDECOPI. The application will be reviewed over the next month and any additional information or documentation requested.
3. React to challenges
Your trademark registration in Peru is a part of the process. In order to lodge any opposition or counter claims regarding what you want to register, your application must be published. You must be ready to defend your application in the event of valid opposition.
4. React to refusal notice
Even if there is no challenge, IDECOPI may refuse to register your trademark in Peru. It will inform you why. You will have 15 days to respond to such an outcome in order to resubmit your application.
5. Renew your trademark registration in Peru
Once granted, your trademark is valid for ten consecutive years. At the end of that period, you will need to renew it to keep your intellectual property protected.
Biz Latin Hub is able to assist you in trademark registration in Peru
Biz Latin Hub’s team of corporate support specialists can assist you with trademark registration in Peru. We also offer a variety of back-office services.
These include company formation, accounting & taxation, legal servicesWe can provide a customized package of integrated services to meet your specific needs, including visa processing and passport processing
We also have teams on 15 other Latin American and Caribbean markets and are experts in multi-jurisdictional entry.
Contact us todayTo learn more about how we can protect your intellectual property, and support you in running your business,
You can also read about our team and expert authors.