News

Companies in Bulgaria to Register Off-Court

Under the Law on Commercial Register, a central electronic register is created to enable cheaper and faster business registration. It will also simplify and secure procedures accessible via Internet
The Registry Agency (http://www.registryagency.bg ) will further develop a real estate register and an administrative register to assign a unified identification code (UIC) to every merchant.

No stamp duty will be charged for the re-registration, officials explained.
Companies that have not re-registered by October 1 will be automatically deleted, the law says. Thus an important update of truly operating companies in Bulgaria will be obtained.