Bahrain: Updates Patent and Utility Model Fees

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Bahrain: Updates Patent and Utility Model Fees

The Kingdom of Bahrain recently announced a series of governmental decisions which are aimed at updating the IPR fees and developing the taxation system in the country. As a result the official fees related to patents and utility models have increased drastically. The new prices took effect December 14, 2018. The annual fees have risen almost nine times what they were previously.

In addition, value-added tax will be applied to all IPR types in Bahrain as of January 1, 2019. The standard VAT rate will be 5%.

Source: www.ip-coster.com