Declaration of non-activity concerns all companies that did not operate during the reporting year. There is no state fee for publication of this declaration in the Commercial Register. The deadline is till 30th of June of the respective year following the accounting year.

The declaration for non-activity is prepared by template approved by the Registry Agency and it`s submitted once for the first period without any activity, not every year, if the company has still not carried out any business.

Companies without activity are not obliged to submit  an annual tax return to the National Revenue Agency.

If the company starts its business activity, then an annual financial report should be prepared and announced - see our article Every Bulgarian company has obligation to publish its financial reports in the Bulgarian Trade register.

This article was created by “Valova and Angelova” law firm