Application deposit fee – AED 1000

Publication fee – AED 1000

Publication in two local newspapers – Varies

Final registration fee – AED 10,000

The application for registration shall not include a trademark on more than one category.

The owner of the registered trademark may, at any time, submit a request to the Ministry for the introduction of any addition or modification to the products or services identified by the trademark or the trademark itself, provided that the trademark is not substantially modified.

The Ministry of Economy utilises the Nice Classification (NCL), an international classification of goods and services applied for trademark registration. A new edition is published by the World Intellectual Property Organization (WIPO) every 5 years.

The period of trademark protection is ten years and shall be calculated from the date of filing the application and not from the date of registration.

The AML-CFT Law (Federal Decree-law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organisations) defines money laundering as engaging in any of the following acts wilfully, having knowledge that the funds are the proceeds of a felony or a misdemeanour

Transferring or moving proceeds or conducting any transaction with the aim of concealing or disguising their illegal source
Concealing or disguising the true nature, source or location of the proceeds as well as the method involving their disposition, movement, ownership of or rights with respect to said proceeds
Acquiring, possessing or using proceeds upon receipt
Assisting the perpetrator of the predicate offense to escape punishment

The crime of Money Laundering is considered an independent crime. The punishment of the perpetrator for the predicate offence shall not prevent his punishment for the crime of Money Laundering.

No. in order to be considered money laundering, it is not necessary for any of the stipulated acts to involve only money or monetary instruments per se, but any number of tangible or intangible assets such as, but not limited to:

Funds bank or other financial accounts, including virtual or so-called crypto currencies
Financial instruments or securities, such as shares, bonds, notes, commercial paper, promissory notes, IOUs, share warrants, options, rights (including land rights), or other transferrable securities or bearer negotiable instruments
Contracts, loan instruments, titles, claims, insurance policies, or their assignment
Intellectual property (including but not limited to patents or registered trademarks), royalties, licenses, or the rights thereto
Physical property, including but not limited to commodities, land, precious metals and stones, motor vehicles or vessels, works of art, or any other goods exchanged as payment-in-kind

The AML-CFT Law defines the financing of terrorism as:

Committing any act of money laundering, being aware that the proceeds are wholly or partly owned by a terrorist organisation or terrorist person or intended to finance a terrorist organisation, a terrorist person or a terrorism crime, even if it without the intention to conceal or disguise their illicit origin
Providing, collecting, preparing or obtaining proceeds or facilitating their obtainment by others with intent to use them, or while knowing that such proceeds will be used in whole or in part for the commitment of a terrorist offense, or committing such acts on behalf of a terrorist organisation or a terrorist person while aware of their true background or purpose.

The AML-CFT Law defines the financing of illegal organisations as:

Committing any act of money laundering, being aware that the proceeds are wholly or partly owned by an illegal organisation or by any person belonging to an illegal organisation or intended to finance such illegal organisation or any person belonging to it, even if without the intention to conceal or disguise their illicit origin.
Providing, collecting, preparing, obtaining proceeds or facilitating their obtainment by others with intent to use such proceeds, or while knowing that such proceeds will be used in whole or in part for the benefit of an Illegal organisation or of any of its members, with knowledge of its true identity or purpose.