The Bulgarian Chamber of Commerce and Industry oversees the operation of the Bulgarian Trade Register (BCCI). Because it provides access to the centralized registration of each legal entity in Bulgaria, it might be a useful tool for business owners there. For international business owners in Bulgaria, there is public information that can be accessed online that is also available in English. Bulgaria’s commercial registration was established in 1989. All firms in the nation were forced to re-register within three years after it underwent reform on January 1, 2008. The Bulgarian Ministry of Justice is responsible for creating and managing the Trade register.
Functions
Information regarding businesses is centralized in the Bulgarian Trade Register. It notifies other Bulgarian legal authorities, such as the National Social Security Institute or the National Revenue Agency, of the registration details. Accessible data about businesses doing business in Bulgaria can be found in a database called the Bulgarian Trade Register. It has access to information on the company’s capital, its legal structure, the shareholders’ and managers’ names, and its address. The Register also includes information about liquidated or bankrupt Bulgarian firms. Information regarding regional businesses, branches, and subsidiaries in Bulgaria is also included in the database. All businesses in Bulgaria are required to register with the Trade Register, and when they do, they are given a certificate of registration. The application can be delivered electronically, and the Register will give a certificate to the business.
Signing up for the Trade Register
All application forms used to register a company in Bulgaria must be submitted electronically using an electronic signature and must be written in Bulgarian. The registration card and the primary registration application form are required papers. Companies that want to register must pay a charge as well to complete the registration process. Legal entities are required to notify the Trade Register of any changes to their status by submitting an application form for modifications to the registration data along with the registration card. The merchant’s legal condition may be made public through the trade register. This reality is ensured by the merchant’s duty to declare the circumstances listed in the Commercial Code in the publicly governed commercial registry. In this way, both the merchant’s legal interests and those of third parties are safeguarded.
Trade Register Registration Effects
The following four effects on commerce result from registration in the trade register:
Declaration effects
The publication in the commercial register creates the inference that third parties are aware of the stated conditions. According to Article 7 of the Commercial Code, it is presumed that third parties became aware of the circumstances upon their publication. This section further specifies that the registration in the commercial register becomes effective against other parties who could not have received notice 15 days after the registration.
Constitutive impact
Business law states that only when a statute specifically authorizes a registration into the commercial register does it become legally binding. This implies that the situation subject to publishing is not effective until it is registered.
Positive publicity
Even if it is wrong or nonexistent, the entry into the commercial register has evidential significance and is deemed to be factual. Everyone may rely on and make references to the registration.
Negative publicity
Situations are regarded as nonexistent if they are not entered into or publicized in the commercial registry.
Search in the Register
You have the option to search by company name or by person. You can find the businesses someone owns or oversees while searching for them. The company’s legal status, ownership, location of its headquarters, the nature of its operation, annual financial reports, certificates of good standing, and other details are all included in the data. In addition to current information, the registry also offers historical information. There is a fee for using the register to search. Inquiries are answered 5–6 days after they are submitted with the search results.
Contact Information
0700 121 07
The telephone line works during the working hours established for the Registry Agency – from 9.00 to 17.30 on weekdays.
Official website
https://www.bcci.bg/tradereg-system-en.html
