The Ministry of Justice have drafted a bill for amendment of the Commercial Register Act, proposing extension of the deadline for reregistration of the Bulgarian companies. The new proposed deadline for reregistration is 30 June 2011. Along with the deadline extension, the other major amendment is that the applicants don’t lose the state fee if they have made mistakes in the application or in the enclosed documents. The current practice of the Commercial Register was to withhold the fees if the applicant has made mistakes to the documents. This was considered by the Bulgarian court as illegal and ripoff of the local business. In spite of  the court practice, the Commercial Register continued to withhold the state fees. Hopefully, the new amendments to the Commercial Register Act will make the register follow the logic, court practice and the law.

The above mentioned bill will be passed to the Parliament for approval. Only after that it will enter into force.

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  • Andy 3 November 2010 Reply

    When will we know if the new deadline for the re-registration of our company has been extended to 30 June 2011? Could you please let us know a.s.a.p. as we are currently in the U.K. and realise that implementing the re reg from here will take longer.
    Regards, Andy.

  • Milen Hristov 5 November 2010 Reply

    The extension of the deadline fore re-registration is still not voted in the Bulgarian parliament. This will happen very soon and we will know for sure if the reregistration period will be extended.

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