How to reduce trademark fees in India?

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If you are planning to open a business in India, you should hire a professional law firm that has expertise in Indian commercial and trademark laws. As part of your India entry strategythe law firm will help you get acquainted with the Indian rules and regulations, which could be quite different from the ones in the US.

You should be well-conversant with the commercial laws of the country because that is how you will be able to reduce expenses and optimize your investment. A reputed and experienced law firm will be able to offer end-to-end support in this regard. For example, the Trademark fee in India is about USD 145. However, if you plan your entry strategy well, you can become eligible for a reduction in this fee. So, if the applicant is an individual, a startup, or a small enterprise, there are sound reductions. The best part is that even a non-Indian or a foreign company will be considered as a start-up provided, 

– That the registration of your company is not more than five years old;

– That your company has a turnover of not more than USD 250 million in the last one financial year.

For trademark registration, it remains important that your business enterprise is involved in innovation and development of products and services that are technologically oriented. Of course, you would need to submit documents that prove that your business enterprise has been registered under the Micro, Small and Medium Enterprise Development Act, 2006. 

So, there are different legalities and legal angles that you need to work out properly as part of your India entry strategy, so that you can have a cost-effective setup in India.

It is imperative to have the most knowledgeable and experienced law firm by your side when you decide to expand your business operations in India. You must understand the kind of work and businesses that the law firm has been associated with in the past. Has the firm assisted other businesses in opening their offices in India? What has been the success rate? 

How sound financially and operationally are these companies now? Is the firm still offering legal support and assistance to these companies?

Trademark registration is an important aspect of opening your business in India. It needs to be done confidently and only a leading law firm that has trademark expertise in India will be able to offer you comprehensive support services, in this regard. Having experienced lawyers on-board means tht the trademark registration fees can also be reduced, making a cost-effective investment.

Source - https://maryorwells.edublogs.org/2020/08/05/how-to-reduce-trademark-fees-in-india/
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