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Estate Owner & Property Investor

 

Company Re-registration in Bulgaria 2011

By State Policy all companies in Bulgaria must be re-registered by the end of the year 2011.
Originally, the deadline for company re-registration was by the end of 2010 but since almost a million Bulgarian companies did not fulfill this re-registration process the Government extended the period with one more year.

The Government Policies about the company re-registration process state also that if a mistake is made during the documents preparation and submission the owners do not need to pay the registering fees again but rather the state fees should be paid only once. That decision was approved by the Bulgarian Supreme Court and basically means that you as a company owner cannot be charged more than once the fees for re-registering your company.

Upon successful completion of the company's registration you must also submit all financial records of the company so far within 3 months. When re-registering your Bulgarian company during 2011 you must present the company's annual records for 2007, 2008, 2009, and 2010.

Once the company's re-registration is completed you as the owner are responsible to presenting the financial reports for the company each year before the 30th of January of the next year. These financial reports shoud contain all the information about company's assets, employees, inventories, etc. Even if the company has no operation at all the financial reports must also be presented to the State Tax Department.

What are the consequences if you do not re-register your company?
There are some bad variants that might happen if you do not re-register your company according to the State Law requirement. In the worst case you might lose the ownership rights over your company's assets such as the land, inventory, etc.

The usual procedure is that the State will start company liquidation procedure in the court which must be closed in no less than months and during this time all creditors will be notified and given time to claim their debts.

All company assets will be taken under State control and sold on a public sale by a bailiff. The money will be distributed among the creditors and and the company will be closed. If there is any movey that is left, it wil be given to the shareholders of the company.


BulgariaRealEstateLaw Special Offer for Company Re-registration

For those clients who request our service for re-registering their companies in Bulgaria before the 1st of May 2011 we have special offers at the most preferential prices.

Furthermore, our lawyers will examine your documents for FREE and will do all necessary proceedings after that without you even need to come to Bulgaria. We are going to save you much time and money than most other company re-registration service providers. At the same time we will guarantee you safe and professional service.

Fill our contact form below or call our office phones for talking with a company re-registration lawyer advisor.


 
Call Us NOW:

Immediate Assistanship Phone: +359 885 453 058

United Kingdom Phone United Kingdom Flag : 0044 (20) 33 22 1055

Email: info@bulgariarealestatelaw.com

Website: www.BulgariaRealEstateLaw.com

Main Office:
ul. "Mutkurova" 28
(Bulgarian: ул. "Муткурова" 28, ет.1)
city: Ruse, country: Republic of Bulgaria

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