The bill for extension of company re-registration deadline is still pending. The parliament website bill section (English Google translation) shows that the bill is still in discussion stage with the Legal commission of the Parliament. The Bill was submitted to the Parliament on 18 October 2010.

Normally Bill discussions take more than 2 months, however this Bill needs to be voted as soon as possible since a lot of companies will be liquidated because they will fail to re-register.

Lawyers in Bulgaria are keen this Bill to be accepted as there will be benefits for the clients. When the Bill is voted the clients won’t lose their state fees if their company applications are rejected. This was a very bad practice by the Commercial register, but was punished by several Supreme Court resolutions, defining the register’s practice as illegal.

Read more solicitor advice here:

Leave a Comment


This site uses Akismet to reduce spam. Learn how your comment data is processed.