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The registered office and address are key elements of the legal identity of any company and hold significant importance for the company, its partners, clients, and government institutions. The address entered in the Commercial Register is considered up-to-date, and all correspondence should be sent there. Changing the address of a company is a crucial step that may be necessary for various reasons, such as business expansion, cost reduction, or strategic relocation.
Significance of the Address Entered in the Commercial Register
The address is not only where the main administrative activities of the company are conducted but also where the main correspondence with state authorities occurs.
If you do not have a registered address for correspondence with the National Revenue Agency, the address specified in the Commercial Register will be used for this purpose, and all documents will be sent there.
Commercial law requires that the transfer of a company’s management activities be entered in the Commercial Register. Bulgarian legislation also stipulates that if a person leaves their registered address without updating the new address in the register, all notices will be applied to the previous address and considered duly served.
Can Your Personal Address Be Listed as the Registered Office of the Company?
There is no legal obstacle to using your permanent or current address as the registered office address of a commercial company, provided certain requirements are met. This is common practice, especially for small and start-up businesses that do not have rented office space. However, it is essential that the company address is kept up-to-date to ensure it can be used for correspondence and the service of official documents.
How to Change the Address of a Company?
Changing the address of a limited liability company (LLC) involves making an entry in the Commercial Register. This requires a protocol from the general meeting of partners or a decision by the sole owner of the capital in the case of a single-member LLC (EOOD).
Since the registered office and address of the company are mandatory details of the company contract/incorporation deed, it will be necessary to update these documents.
To ensure a successful and smooth change of the company’s registered office and management address in accordance with legal requirements, and to protect the company’s interests, do not hesitate to contact our team.
