Under Bulgarian commercial law all companies and branches of foreign companies listed in the commercial register (and registered prior to 01.01.2008) must be re-registered at the Registry Agency before 31.12.2011*. After this date, traders who have not re-register shall be removed from the Registry and ultimately put into liquidation. This could result in the loss of company assets.

Directors of Bulgarian companies are also required to bring company returns up to date. Annual company accounts and company tax returns must be filed by 31 March in the year following the relevant tax year (Jan-Dec). Annual returns are required from date of incorporation even if the company does not trade.

Under the Accountancy Act, penalties for non-compliance range from 2000-3000 levs (c €1,000-€1,500)
and under the Trade Registry Act from 500-1000 levs (c €250-€300).