Product registration in Paraguay: Get your goods to market fast
As we have all seen in the last year, the COVID-19 pandemic has caused almost every plan to be cancelled, as well as big changes to the ways we generally live our day to day lives. However, with change comes opportunities, and with these opportunities arrive new markets with the hope of generating economic growth. One such nation presenting itself as worthy of a place on your watchlist this year is Paraguay. With FocusEconomics predicting a 3.9% economic expansion this year, could now be time to take your product into the heart of Latin America?
How do I register a trademark in Paraguay?
o It is crucial to make sure there are not any other similar previously accepted requests for similar products
o Filling out of ‘Registration’ and ‘Annex of holders’ forms from the National Directorate for Intellectual Property (DINAPI) website
o Paying of fee and publishing of application in an Asunción newspaper for 3 consecutive days to allow objections to be made
4. Substantive review
o If there are no objections, the DINAPI will carry out a final review to make sure there are no elements of confusion with other trademarks
5. Final decision
o The Trademark Director will give their opinion and the General Directorate will make a final decision
With the formalities out of the way, it is a process that lasts between 9 and 12 months, and we will be with you every step of the way. Once the above steps are out of the way, it is a short wait compared to the amount of time your product will be registered in Paraguay, specifically, 10 years before you will have to renew it!
Another interesting point is that trademarks in Paraguay are valid only in Paraguay, meaning the process will rely only on approval within the nation before it is made official, and your product is protected and ready for the market. As a company based in Latin America, we are specialists in the region, and wherever you are in the world, we can provide the necessary assistance to register your product.
At Creimerman, it is our goal to give you the best service possible when assisting your business. If you wish to register your product trademark in Paraguay, get in touch with us today so we can accompany you through the process and support you on your journey into the Paraguayan market.