January 10, 2019

Colombia's Superintendence of Industry and Commerce and INVIMA Modify Rates for 2019

Holland & Knight Alert
Danilo Romero Raad | Bettina Sojo | Camila Lopez

Leer en Español: La Superintendencia de Industria y Comercio de Colombia e INVIMA modifican las tarifas para 2019

By means of the Resolution 69831 of Sept. 19, 2018, Colombia's Superintendence of Industry and Commerce (SIC) increased its official fees for the procedures regarding Industrial Property, which involves New Creations (patents, layout designs of integrated circuits and industrial designs) and Distinctive Signs. This Resolution came into force on Jan. 1, 2019.

As an example, the entity established the official fees for filing a trademark application in one class for approximately US $310 (approximately 971,700 Colombian pesos) and for each additional class at approximately US $140 (about 438,800 Colombian pesos).

Additionally, by means of the Resolution 93503 of Dec. 27, 2018, SIC maintained the monetary thresholds that must be taken into consideration in order to trigger merger control procedures in 2019. Since 2017, any merger between two companies whose operational income and/or total assets are at least 60,000 minimum legal monthly wages is relevant for the competition authority. Thus, the monetary threshold that should be taken into account in 2019 remains at 60,000 minimum legal monthly wages.

Lastly, the National Institute for Drug and Food Surveillance (INVIMA) by means of the Resolution 2018035612 of Aug. 17, 2018, updated its rates in minimum legal monthly wages regarding the procedures for sanitary registries and/or its renewal, medicines, cosmetic products, alcoholic beverages, dietary supplements, among others. The entity issued on Dec. 21, 2018, a communication informing that from Jan. 1, 2019, the rates for the procedures must take into account the minimum legal monthly wage established for 2019.
   


Information contained in this alert is for the general education and knowledge of our readers. It is not designed to be, and should not be used as, the sole source of information when analyzing and resolving a legal problem. Moreover, the laws of each jurisdiction are different and are constantly changing. If you have specific questions regarding a particular fact situation, we urge you to consult competent legal counsel.


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