Change of address of a Bulgarian company
Changing the address of a Bulgarian company is not only necessary when you change the place of management, but also in several other circumstances that one may not initially consider.
A change of address can be good in events when creditors are attempting to start court proceedings against you. Changing the address will delay the debtor being duly notified about the proceedings.
This may win valuable time that can be used to avoid liabilities. One may decide to change ownership and directorship or putting the Bulgarian company into liquidation. A change of address should not be undervalued as an initial step to avoiding liabilities.
A change of address might be needed in case of VAT registration in Bulgaria. The VAT registration itself is simple and straightforward to follow. However, if the address is blacklisted, or if you have been VAT deregistered at the same address, you may consider changing the address before submitting an application to reactivate your VAT.
Your company address is also tied to your reputation. It might be a virtual office that you have never visited, but a good central location near government institutions will always bring value.
Your service provider should be able to provide the utility bill and rental agreement required to open a bank account or account with Revolut or another EMI institution. You should always ask your service provider if they can provide this before proceeding with the company formation process or change of address service.
Certain trading portals such as Amazon will require a unique address to get you on their platform. If you require a unique address, our team will be glad to provide this service.
How long does it take to change a company address in Bulgaria?
A change of address, takes 5-7 working days from the day of receiving an authorisation.
For more information about changing the address of a Bulgarian company, please get in touch with our team.