Trademark registration is very important for any company that provides a service or that markets a product, but once the trademark is already registered, is it valid for an indefinite period?

On previous occasions, we have talked extensively about the "three types of income tax" that we have in Nicaragua, which are Labor Income Tax, Income Tax from Economic Activities and Capital Income and Gains, but there is also a differentiated way of Taxing the Income of Economic Activities, for persons classified by the Law as "Small Taxpayers", and this differentiated way of taxing is known as “Fixed Flat-Rate”.

Our legislation establishes what signs may constitute a trade mark, and says: marks may include among others, a word or set of words, slogans and advertising slogans, letters, numbers, monograms, figures, portraits, labels, badges, prints, cartoons, borders, lines and stripes, and combinations and arrangements of colors, sounds and other perceptible signs such as odors. They may also consist of form, presentation or packaging of the products, their packaging or wrapping, the means or places of sale of products and services.

Tax obligations can be extinguished in a number of ways ranging from payment of the obligation, through compensation and even the death of the taxpayer (as long as there are no heirs and no assets have been left to satisfy the obligation).

If you are a Nicaraguan citizen who has resided abroad for at least two years, it is important that you know about regulations that represent a number of incentives if you wish to return to the country.

We refer to two laws in particular: (i) Law 535 "Special Law on Migration Incentives for Nicaraguan Residents Abroad, and (ii) Law 265" Law that Establishes Self-despatch for Import, Export and Other Regimes.