Yes. There are some domain names restricted for the registration of .BID domain name extension.

Some domain names may be permanently or temporarily reserved or restricted for registry operations, as premium domain names or to comply with ICANN requirements. To comply with ICANN requirements, all two-character domains shall be initially reserved, however, may be released in the future. In addition reserved names for:

International Olympic Committee
International Red Cross and Red Crescent Movement
Intergovernmental Organizations, for new gTLDs., are not available in accordance with ICANN

Individuals, companies and legal entities are allowed to register .bid domain names

The minimum registration for the .BID domain name extension is one (1) year

Registration of a generally available .uno domain names is instant

Once the domain expires, it will be in Renewal Grace Period for 0-36 days when the domain name can only be renewed but not transferred to another registrar, followed by a 30-day Redemption Period (also known as Pending Delete Restorable) when all services associated with the domain name (eg. DNS, website, emails) will automatically not be available but the domain can still be renewed at the cost of N30,000.

At the end of the Redemption Period, it enters into a 5-day Pending Purge period and the domain name can no longer be renewed or recovered. After this period, the domain will be available to the general public for re-registration on “First come First serve basis”.

Domain Names must:

• have minimum of 3 and a maximum of 63 characters;
• begin with a letter or a number and end with a letter or a number;
• use the English character set and may contain letters (i.e., a-z, A-Z), numbers (i.e. 0-9) and dashes (-) or a combination of these;
• neither begin with nor end with a dash;
• not contain a dash in the third and fourth positions (e.g. www.ab- -cd.website); and
• not include a space (e.g. www.ab cd.website).

Famous Four Media manages the registration of .BID domain names

The maximum domain period to register the  .bid domain name extension is 5 years