Since the annual fees for Singapore’s invention patents will be officially raised starting from April 1, 2017, Net7.com does not provide payment services for annual fees for the first to fourth years of Singapore’s invention patents. Certain invention patents in Singapore can be extended backwards after the 20-year period, such as new plant varieties. In order to save patent maintenance costs, if there is a patent authorized in Singapore, please process it as soon as possible.

When the Intellectual Property Office of Singapore (IPOS) issued a statement announcing the new fees, it pointed out that in order to avoid "hoarding" of IP and hindering innovation, the fees for renewing patent rights and trademarks will be increased. This is also the highest fee increase involving trademarks in the past 10 years. If you require renewal of patent rights in the eighth to 10th year of ownership, the new fee will be increased by 37% to 370 yuan. The new fee for applying for renewal of trademark registration has increased by 52% to NT$380.

As for patent owners who are willing to provide licenses for their patent rights, they will continue to enjoy a 50% discount when paying patent renewal fees. This is to encourage IP owners to actively utilize patent rights, or consider decentralizing patent rights to the public domain to drive more innovation. Owners of decentralized IP are exempt from administration