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Deadline for Re-registration of Bulgarian Companies Is December 31st 2011
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 must be registered in the new online register by 31.12.2011. If this is not done, they will be removed from the register of companies in Bulgaria resulting in loss of their assets (including properties). After 31.12.2011 the companies that are not reregistered as per the requirements of the Trade Register will not be allowed to sell their properties.
So, if you have a company in Bulgaria, IT IS VERY IMPORTANT to organise your company registration on the online Trade Register as soon as possible. Our lawyers will be ready to help you go through the whole process and act on your behalf.
Contact us to start the process
Here is more information about the procedures:
You can start the registration process either when you come to Bulgaria or from abroad. If you can't do this in person then you can sign a Power of Attorney authorising your lawyer to do that for you. Just let us know about your plans and we will be able to advise about the easiest way to do this. Our lawyers will be able to prepare all documents and send them to you to sign and return by post.
The Law also requires that all Bulgarian companies, no matter whether they are trading or not, publish their financial reports in the online register, starting from the reports for 2007. This should be done within 3 months after their company re-registration. This is also something that our lawyers and accountants can do for our clients.
The website of the online Trade Register is: www.brra.bg - it is available only in Bulgarian for now.
If you have any queries you can contact us by e-mail or call our Head Office at +359 2 9 11 50.
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Copyright: 2011 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. 2011.
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