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Increase in Official Fees for Intellectual Property Services in Venezuela

  • 06 March 2017
  • Articles

The Venezuelan Government announced the increase of the Tax Unit in 69,5%, effective on March 1st., 2017.

The new Tax Unit increases as well the Official Fees for Intellectual Property Rights for foreign owners in the same percentage, as follows:

Increase in Official Fees for Intellectual Property Services in Venezuela
Official Fees to be paid in US Dollars to the Venezuelan PTO are based on an official exchange rate of 1,00 USD / 10,00 VEB.

Important Note: a possible devaluation of the Venezuelan currency could reduce proportionally the Official Fees.

Please, do not hesitate to contact us to info@clarkemodet.com.ve for additional information.

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Increase in Official Fees for Intellectual Property Services in Venezuela