The deadline for
re-registration
of companies in Bulgaria has passed.
(December 31, 2011)
The situation at
the moment is that all companies registered in Bulgaria before January 1st 2008
which are not re-registered are being liquidated. Bank accounts are blocked, assets are frozen, and you cannot do any
transactions with the company. Only payments to the National Revenue Agency and salary
payments are being authorized.
It is not yet
clear how this will develop exactly. But technically, the company ceases to
exist and assets will be sold or auctioned. And the owner(s) will have to pay
the costs of liquidation, estimated between 500 – 2000 BGN. The procedure for liquidation will take about 6 – 12 months.
When you are not
sure if your company is re-registered you can check it in the Bulgarian trade register – http://aidosbg.com/2011/10/where-can-i-find-information-about-my-company-in-bulgaria/
Please keep in mind that when you have re-registered
your company recently that you have to publish the financial statements from
2008 – 2011 within three months after the re-registration date.
