Companies re-registration extended until July 2011

The deadline for the re-registration of companies in Bulgaria will be extended for another six months and thus the process should be completed by June 30, 2011. According to the Ministry and the Registry Agency of the Bulgarian companies at until 1st October 2010, nearly 900 thousand companies have omitted to apply for re-registration. The extension is granted also with the purpose of introducing paid access to the registry, which will help to better protect the company data and prevent theft of companies. Under the new requirements, the access to the commercial register will be given when you present electronic signature or credit card. Information can also be obtained on site, in the Registry Agency after the presentation of identity card.

The project provides the only information to remain free and public to be the company name and date of registration, the headquarters and the registered address. List of acts announced by the company could be seen, but in order to be read, a fee shall be paid. The proposal is considered to be unreasonable and contrary to basic legal principles, according to the members of the “Access to Information Program”. They believe that publicity of company data is of great importance for the security of the business, which in first place led to the creation of the unified electronic commercial register, to which everyone has unlimited access.