Петък, 22 Септември 2017

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REGISTRATION OF A BRANCH OF A FOREIGN ENTITY IN BULGARIA

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The foreign entity can register its own branch in Bulgaria after fulfilling the conditions and requirements expressly provided for in the Commercial Law.
Despite this registration, the branch of the foreign entity is not an independent legal entity.
Conditions for registration are: available headquarters, management address, manager and subject of activities of the branch.
The branch of the foreign entity keeps its own trade books and has its own accountancy.
All rights and obligations as undertaken by the branch are rights and obligations of the respective foreign company and not of the branch.

The necessary documents for the registration of a branch of a foreign entity are:



1. An application form of the Registry Agency, Trade Register

2. An official document for the registration of the foreign entity, issued by the respective competent organ in compliance with their national legislation;

3. An official document about the persons administering and representing the foreign entity, issued by the respective competent organ in compliance with their national legislation;

4. Decision of the Board of Directors of the foreign entity for the registration of a branch of the foreign entity in Bulgaria;

5. Special power of attorney, endorsed by a notary public, in the original about the person empowered to register and manage the branch of the foreign entity in Bulgaria;

6. Originals of the specimens of the signatures of the persons, representatives in the Republic in Bulgaria by their rights or through special authorizations, endorsed by a notary public;

7. A document stating the payment of the registration fee.

The documents as per Art. 2 and 3 above, having been issued in compliance with the national legislation of the foreign entity, have to be endorsed for authenticity and they have to be accompanied by a Bulgarian language translation.

 

Sofia, 1113, "Izgrev" area, 16 "Frederik Julio Kiuri" street, block 155, parter, office 1; phone/fax 02 983 2187; e-mail: office@eurolex-bg.com