President ratifies Trademark Bill to prevent counterfeits

The Trademark Bill aimed at preventing the importation of counterfeit goods has been ratified by President Dr. Mohamed Muizzu, following unanimous approval by Parliament on Monday.

The legislation establishes a comprehensive framework for trademark registration and enforcement, enabling both Maldivian and foreign trademarks to be officially registered and protected in the country for the first time.

A trademark is defined as a sign that distinguishes one party’s goods or services from another’s. This includes names, letters, numbers, colors, and figurative elements, or combinations thereof.

The new law introduces:

• Civil and legal measures against trademark infringement

• Penalties ranging from MVR 100,000 to MVR 2 million for counterfeiting offenses

• Court powers to issue interim orders to prevent infringement or preserve evidence

• Provisions for seizure of suspected counterfeit imports

Trademarks registered prior to the Act’s commencement must be re-submitted for registration within 12 months, in accordance with the new regulations.

Economic Minister Mohamed Saeed hailed the bill as a historic milestone, stating that it will foster a more secure environment for manufacturers, artists, and investors. “This Act will strengthen intellectual property rights and attract investment to the Maldives,” he said.

The bill was submitted by PNC MP Ahmed Zahir and passed with full consensus from all 63 lawmakers present.