Libya – Trademark Renewal Fees and Requirements Updates
Revised Renewal Fees for Foreign Entities:
The Libyan Ministry of Economy has provided guidance that the renewal fee for foreign trademark owners is USD 2,000 per year for a single trademark in one class. Trademark owners have the option to pay the full ten-year renewal fee of USD 20,000 upfront, or they can choose to pay in annual installments. The first installment is due at the time of renewal, with subsequent payments due on or before each annual renewal date. A six-month grace period applies only to the first renewal. We understand that this yearly payment option is not explicitly included in the decree amendment.
Publication and Certification of Renewals:
Upon renewal, the Trademark Office will electronically publish the renewal application and issue a certificate. This certificate ensures that trademark renewals are officially recorded and accessible to all interested parties.
Additional Requirements:
• Arabic Translation of Documents: Arabic translations of all relevant documents are still required. If the Arabic translation is attached to the original documents before legalization, no further translation is necessary. If the translation is not included beforehand, we will need to arrange for a local translator, which will incur additional costs.
• Fresh Legalized Documents: A fresh legalized Power of Attorney and Certificate of Incorporation are still required annually.
For further information, please feel free to contact us at: [email protected]
