Libya sets major changes to TM renewals
Libya has announced significant changes to its trademark renewal fees and procedures under Resolution no. 586 of 2024, issued on November 27, 2024. These changes affect both foreign and domestic businesses, introducing higher fees and more complex requirements. Under the new decree, the renewal fee for trademarks in Libya has seen a dramatic increase. The renewal cost is now set at US$2,000 per year, which brings the total renewal fee for a 10-year term to US$20,000. For foreign trademark holders, this represents a significant increase in costs, as businesses are now required to pay the new fee to renew their trademarks in Libya.
情報源: Libya Implements Major Changes to Trademark Renewal Fees and Requirements – Inventa
