Argentina is actively seeking to attract more foreign investment and businesses to its borders. According to a 2018 World Investment Report by the UN Conference on Trade and Development, foreign direct investment (FDI) into Argentina doubled between 2016-17, reaching US$11.9 billion.
With this increasing foreign investment and competition, it has become crucial for businesses to patent their inventions in Argentina, given its status as one of Latin America’s largest economies. Understanding the process of patenting inventions and registering trademarks in Argentina is essential for companies looking to protect their long-term business interests in the country.
The National Institute of Intellectual Property (INPI) is responsible for managing the patent registration process in Argentina. The patent of an invention grants exclusive rights to manufacture, use, or market a product, provided it is novel, inventive, and has industrial application. The patent application process in Argentina typically takes around 5 years and is valid for 20 years, after which the invention becomes available to the public.
Anyone who has made an invention and wants to protect their exclusive rights can apply for an invention patent. The application process involves submitting the necessary documentation and paying a fee of AR$6000 (approximately US$140). The application undergoes a preliminary examination, public consultation, database exam, and final granting and publication.
In addition to the patenting process, Argentina is modernizing its corporate compliance measures to create a more favorable business environment for foreign investors. This includes aligning data protection laws with international standards and introducing legislation to incentivize tech-based businesses.
Navigating the processes of expanding or incorporating a business in Argentina can be complex, and it is advisable to seek assistance from a reputable agency. Biz Latin Hub offers tailored business solutions and back-office services for companies looking to enter the Argentine market.
It is essential to note that the information provided is for informative purposes only and is not formal guidance or advice. The regulatory landscape is continually evolving, and it is recommended to consult a professional for specific situations. Additionally, perspectives presented here may not be universally supported in all professional settings.
