Panama’s location and logistic facilities make it an ideal gateway into the rest of the continent for business. With easy access to top-ranking ports, low labor costs, and incentives for foreign entrepreneurs, Panama is a favorable business destination. The country offers protection for individuals’ and companies’ intellectual property (IP) as one way to encourage business. Entrepreneurs can apply for a trademark for their business in Panama.
To register a trademark in Panama, the process is carried out before the General Directorate of Industrial Property of the Ministry of Commerce and Industries. The trademark, like a patent, offers protection to its owner within the country only. There are various types of trademarks that businesses can apply for in Panama, and each trademark is classified based on the nature of the item to be protected.
The requirements for registering a trademark in Panama include appointing a power of attorney, providing a sworn affidavit, a description of the item to be trademarked, samples of the trademark, and certification of the registered trademark if registered in another country. The registration process takes approximately 8 months, and trademarks are granted for 5-10 years with the possibility of renewal. However, certain items such as names, flags, and immoral or confusing designs cannot be trademarked in Panama.
Panama joined the World Intellectual Property Organization in 1983, demonstrating a commitment to international protection standards. The country’s regulations only apply within its borders, so being a member of the WIPO makes it easier for international businesses to seek the same trademarks for their products abroad. The process of trademark registration in Panama may be complex, so businesses should engage with a legal services provider to assist with the process.
At Biz Latin Hub, local and expatriate professionals offer expertise in market entry and back-office processes in Latin America, including Panama. To learn more about tailored business solutions and support, it is recommended to contact the Biz Latin Hub team for assistance with trademark registration in Panama. To ensure up-to-date and accurate information, consulting with a professional is advised.
