Does every change require to register a company in Bulgaria once again?
No, it would be terrifying if it does! The only winner of such measure would be the pen-pushing in an expense of the business itself. Instead of going to register a company in Bulgaria all over again. You or your representative only have to submit the changes in the Trade register. Bureaucracy is still involved in the process but in bearable proportions.
One week is the term to submit the new information to the state’s agency. This is regarding some of the changes decided by the manager or the governing body of the entity. Renaming the company or moving its headquarters to some other place. The adjustments are to be submitted. Increase or subtraction of the capital is also that type of data required by the Trade register. A company in Bulgaria must notify the administration about. Adding new partners to a Limited Liability Company, replacing the manager or transferring shares are to be reported as well.
Transformation of a business entity from one type to another is a more complex process and in many cases, it requires to register a company in Bulgaria once again.
There are several ways allowed by the law when you want to change OOD (Limited Liability Company) to AD (Joint-Stock Company) for example. It depends on the size of the firm, on the number of firms involved in the course, would it be a merger of two or more companies or a split up of a big company breaking to smaller divisions. These changes must be approved by court. Something very difficult to do without the help of professionals.