Thousands of British and Irish owners face liquidation of their Bulgarian Assets

Urgent action is required if you own property through a pre 2008 Bulgarian limited company and did not ‘re-register’ your company into the new digital format.

Bulgarian shell companies owning villas, houses or land acquired before 1^st January 2008 are required by law to re-register in a new digital format. If you have acted and re-registered there is no reason for alarm, your assets are perfectly safe. However, if you have not re-registered your company then you must act before 31^st January 2014, after this date your company and its assets will be automatically liquidated by the state. There is no avenue for appeal or retrieval beyond the 31^st January 2015.

If you are in this position or concerned that you migth be, please contact us as a matter of urgency, there is still sufficient time to act and protect your assets.  Click here to view the full details