The Intellectual and Industrial Property Section of the Department of the Registrar of Companies and Intellectual Property has recently released the Intellectual Property Rights (‘IPRs’) statistics in relation to 2022. Of particular importance are the registrations and renewal statistics as shown by the graphic representations below, which can also be found here.

Registration of Intellectual Property Rights until 31/12/2022

Renewals of Intellectual Property Rights until 31/12/2022

The graphs illustrate an upward trend as regards renewals (even more than 2020) and a slight decrease in registrations as regards 2022. This trend can be attributed to a safety approach from businesses that have negatively been impacted by the global pandemic of COVID-19. However, an increase in renewals can only mean that business have their IP portfolio and its importance in mind. You can find out all about trademarks and their importance for your business here.

Michael Kyprianou & Co LLC has a leading Intellectual Property practice advising and assisting clients in relation to both contentious and non-contentious IP matters. If you need any advice in relation to Intellectual Property Rights please contact our Head of IP, Agis Charalambous, at agis.charalambous@kyprianou.com

The content of this article is valid as at the date of its first publication. It is intended to provide a general guide to the subject matter and does not constitute legal advice. We recommend that you seek professional advice on your specific matter before acting on any information provided. For further information or advice, please contact Agis Charalambous, Associate, tel ++357 22-447777 or email agis.charalambous@kyprianou.com