The long wait for the compulsory company liquidation of un-reregistered companies is now over. It has been one year and four months and the Registry Agency is finally ready with the paperwork and the procedures for liquidation of un-reregistered companies. The Company Register Act has been amended accordingly end of 2012, so technically the liquidation could
Probably you are wondering how you can trade with Bulgarian antiques? The answer is in the [BG] Cultural Heritage Act and it’s latest changes. The Act imposes special regime for treasure-hunting, trading, exporting (both sale and exhibitions) of Bulgarian cultural heritage artifacts. Treasure-hunting for Bulgarian antiques Treasure-hunting in Bulgaria is banned but you can see
The new regulations in to the Commercial Register Act restrict free anonymous access to the company files, located in the online database of the Registry Agency. Together with the long anticipated mandatory liquidation amendments, the new articles impose requirements for authentication in the register. No anonymous access to company files any more No matter what
The long anticipated changes to the Commercial Register Act are finally here. The changes concerning company liquidation of non-re-registered companies in Bulgaria are in force as from its promulgation in Stage Gazette, issue 99,2012. What was the liquidation situation by now Before the amendments there was no clear idea how the liquidation process for non-re-registered
Despite the recent bad image of Bulgaria, the country still got its business benefits. It’s has the lowest corporation tax in EU, along with Cyprus, but also has the advantage of lowest labour costs. If you consider the EU principle of free movement capitals this makes Bulgaria highly valuable place for outsourcing of company services.
October 2012 has come and there is no sign of the lists containing all un-reregistered companies which had to be produced by the Regional Courts of Bulgaria. The lists were necessary for initiation of the compulsory company liquidation. As solicitors who actively work in the company law area, we have tried many times to contact
The deadline for announcing the company financial reports on the Trade Register reports will be over in 3 days. As usual, the Registry Agency is not prepared for the massive load of application that will follow. Not that they didn’t expect it. It’s the third year of the obligation for announcing the company annual financial