Re-registering a Bulgarian company
The Government HAVE NOT extended the deadline for company re-registration.
If you own property or land in Bulgaria through a registered company the Bulgarian government required that you re-registered the company by the 31 December 2011.
If you failed to re-register you now face the prospect of losing your company and its assets (property, land etc.) you will also incur a fine and will have to pay for the procedure to liquidate the company.
From the 1st January 2012 the Bulgarian government has frozen all Bulgarian companies that have not been re-registered. This means that you will be unable to carry out any transactions through the company’s bank account or sell the property or assets.
You now face the prospect of a large bill, and you will lose your property and the assets of your Bulgarian company. The company assets will be sold to pay the bill. You will also be charged for the process.
Our understanding is that the Bulgarian government will use debt recovery companies in the UK to recover the full amount.
We are waiting to hear full details from the Government about the process of liquidation, and if there is a process for re-registering a Bulgarian company now the deadline has passed.
If you are concerned about the position of your Bulgarian company, please complete the form below and we will contact you about the liquidation process and how it will affect your company in Bulgaria.
You can also email us at: email@example.com.