News: Trademark registration in Bosnia

Registration of trademarks in Bosnia

Extension of the company implies not only the recruitment of new personnel and the establishment of branches in own city, one of the most profitable solutions for business will be entering the European market. For conducting trading activities or providing services in Europe, it is necessary to register trademark.

The trademark in Bosnia is issued to both local entrepreneurs and non-residents, and the logo may be obtained by the established company or natural person. Establishing business is possible after the issuance of permission for economic activity.

Requirements for registration of trademark in Bosnia

Jurisdiction of this country does not imply special rules of registration for any category of clients. Among the peculiarities, there are strict verification of the logo and existence of three procedures for registration of trademark. The trademark should be submitted in graphic form, and the picture may include letters, words or whole mottos.

There should not be elements of immoral nature on the trademark. Preliminary verification of the logo for uniqueness and compliance with the regulations of Bosnia can be carried out by the experts of Law & Trust.

The most stringent requirements are imposed on the correctness of filling out the documents. Number and types of documentation depend on the scope of the client's activities, the scale of the corporation and other characteristics.

The most compact package of documents is required to be submitted by natural persons, and it includes passport, address certificate, and statements of income (statement from work, confirmation of material welfare from the bank, etc.). If the applicant is legal entity, it should submit the following documents to the expert commission of Bosnia:

1. Passports of founders, directors, beneficial owners, investors and shareholders of the company.
2. Full Charter of the enterprise.
3. Information on the scope of activities, the number of branches, the number of employees and other data upon the request of the commission.
4. Confirmation of financial status. Information on the good standing of the company is taken from the tax statements along with other legal data, but the availability of finance in the bank account will be advantage.
5. Extracts from the accounting department concerning annual or monthly turnover of the company.

All the listed documents are collected by the lawyers of Law & Trust. Representation of interests of the client in state and tax authorities is conducted on the basis of the power of attorney. The counterparty should provide the copy of his passport and application, and after that it is necessary to wait for the decision of the expert commission.

Permission is granted for 10 years, if the trademark is not used, and its legal force may be revoked by the Bosnia representative office.