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Compulsory Re-registration of Bulgarian Companies
BULGARIAN PROPERTIES would like to inform you that all Bulgarian companies, including the one you have set up for buying a property in Bulgaria, should be re-registered in the new online Trade Register by 31.12.2010.
The Law on the Trade Register applicable to the activities of all Bulgarian companies, which came into force on 1.01.2008, states that all existing companies registered before January 2008 must be re-registered in the new online register by 31.12.2010. If this is not done, they will be removed from the register of companies in Bulgaria resulting in loss of their assets (including properties in Bulgaria).
In 2009, in order to stimulate the Bulgarian economy, the government adopted a new company registration law making the registration procedure much easier thus facilitating the property buying process. The new law states that the minimum foundation capital for establishing a limited liability company is only 2 BGN (about 1 EUR).
All owners of companies in Bulgaria are advised to use the services of professional accountants to help them with their bookkeeping and with the submission of their annual tax declarations.
If you have any questions, please send us an enquiry.
Read more about the Annual Financial Reports for Company Owners
Read more about the New Trade Register and Registrations of Companies in Bulgaria
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Copyright: 2010 Bulgarian Properties Ltd. All rights reserved. For further information or advice please contact us on tel.: +359 2 9 11 50 or e-mail: info@bulgarianproperties.com. The use of this article by third parties is allowed only with proper quotations of the source www.BulgarianProperties.com and the Author of the article. The data in this material has been collected by the Author and Bulgarian Properties Ltd. and is presented for information purposes only. We have made every effort to ensure the accuracy of the data. However, Bulgarian Properties Ltd. cannot be held responsible for loss or damage as a result of decisions made based on the information presented in this article.
© Bulgarian Properties Ltd. 2010
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