Half of Trademark Registration Fees Waived for Micro and Small Businesses

By Espinosa Bellido Abogados

The Peruvian government has approved a 50% reduction in trademark registration fees for micro and small businesses (SMEs) affected by recent heavy rains. The measure aims to contribute to the economic reactivation of the affected areas, which have been declared in a state of emergency.

The exemption is granted under Supreme Decree No. 029-2024-PCM and is solely applicable to SMEs that are domiciled or have their economic activity within the geographical area of the declared emergency zones.

To qualify for the exemption, SMEs must meet the following requirements:

-Active and Valid Taxpayer Identification Number (RUC): The SMEs must have an active and valid RUC at the time of filing the trademark registration application.

-Valid Registration Certificate in the Micro and Small Business Registry (Remype): The SMEs must hold a valid registration certificate in the Remype.

-Economic Activity or Registered Address with the National Superintendency of Customs and Tax Administration (Sunat): The beneficiary must have an economic activity developed or a registered address with Sunat, among other requirements.

This measure, valid until December 31, 2024, represents a step towards supporting SMEs in the affected areas, alleviating the financial burden of trademark registration during a challenging time. 

The Government of Peru announced multiple 60-day states of emergency for various regions throughout the country, due to damage caused by recent heavy rainfall, particularly in remote mountainous areas.  As a result of heavy rains, there exists the potential for landslides, flash floods, riverbank erosion, bridge washouts, and property damage.  Roads, including major highways, may suddenly close and stay closed for indefinite periods of time, particularly in remote regions.