The Central Bank of Egypt (CBE) has issued an important circular on August 7, 2024, addressing the procedures for banks operating in Egypt regarding the opening of…
The Ministry of Economy has issued a new decree (No. 586) of 2024, which introduces the following requirements for trademark renewals:
- Financial Statement Requirement: Applicants are now required to submit a financial statement acknowledging the trademark as an intangible asset, along with its valuation at the time of renewal.
- Renewal Fee: The renewal fee has been set at U$2,000 per year.
Please be advised that the decree does not clarify whether the renewal fees should combine the amounts specified in this new decree with those outlined in the previous decree (No. 26) of 2024.
Given the current circumstances at the Trademark Office, we will continue to closely monitor developments and provide you with timely and professional advice.
In the meantime, if you have any questions, please feel free to reach out to us at [email protected] .
