Re registration of your Bulgarian company
If you have open company in Bulgaria and own property or through a registered company the Bulgarian government now requires that you re-register the company by the end of 2010 only if your Bulgarian Company was created prior to January 2008. Failure to re-register will result in the loss of the company and its assets (property, land etc.) and you will also incur a fine and will have to pay for the procedure to close the company. This could result in the company be broken down and sold off and may still be in the situation of owing money to the Bulgarian Government, which may follow you to your residential address.
Your company registration process can start either from abroad or when you come in Bulgaria. Just let us know the way that you prefer. You can give a Power of Attorney for the re- registration to us or our lawyer and we will sign the necessary documents on your behalf.
The Law also request that all Bulgarian companies, no matter whether they are trading or not, publish their financial reports in the online register, starting from the reports for 2007. This should be done within 2 months after their company re- registration.. This is also something that we or our lawyer can do for our clients.
Our advice is if you have a company in Bulgaria, not to wait till the last minute, but organize your company registration. Our lawyer will be ready to help you go through the whole process and act on your behalf.
Some of our clients already did the re- registration, so don’t wait till the last minute.
I can only reiterate what many have said before. I bought a house sight unseen and only had photos to work with. Kunka (Kiki) provided many additional photos and a video upon request. She has the patience of a saint when dealing with a never-ending barrage of questions. The purchase was completed within the specified timeframe (the first Brexit date) without any problems and Kiki is now helping me arrange for renovation work. I had to use a Power of Attorney to undertake the purchase and despite having to make an unexpected trip to Hanoi to notarize documents, all went smoothly. I would therefore recommend Kiki and her company without reservation and most likely will use her services again at a future date.
— Mike Johns, Thailand