20.09.2005 Important information: BULSTAT widens reach

Bulgarian Properties Ltd., 20th September 2005

Bulgarian Properties Ltd. would like to draw your attention to a recent reforms, which took place in the BULSTAT registration system. The new categories of persons and entities required to obtain a BULSTAT registration cover foreign groups and foreign businesses operating in Bulgaria, as well as foreign legal entities whose head offices are located or own real estate in the country and are not registered in Bulgaria by other means.

Foreign individuals are required to have BULSTAT registrations if they do not have a personal identification number provided by Bulgarian civil registers and who conduct business or provide independent personal services in the country. They are also required to register with a BULSTAT number if they do not have a personal identification number and own real estate in the country, or if they work as insurers and do not have a number.

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