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SMS Notification Service by the Bulgarian Registry Agency

Because of the increased frequency of company thefts BWSP Ilieva Voutcheva & Co. Law Firm strongly advises and recommends to its clients to take advantage of the text message reporting system (SMS notifications) of the National Registry Agency as a precaution measure.

The announcement of the Director of the Agency – Mrs. Elena Markova – is symptomatic as far as the number of larcenies is concerned. Seventeen cases of company theft committed by means of document forgery have been registered for the period of the last year-and-a-half. The causes for the boom are some gaps in the Commercial Registry Act, which facilitate the misappropriation of another’s assets. The affected company-owners are mostly foreigners and the main purpose of the thefts is further sale of the company property in the favor of the thieves.

In order to prevent future attempted thefts of companies and frauds concerning the management of our clients’ firms we utterly advise them to subscribe to the SMS notifications provided by the Commercial Register. The SMS that the users receive will contain minimum information about the sender, UIC, which has received an application and reference number of the application. Changes to the entries on the register may be made over the counter at the Registry agency or online. At the cost of BGN 6 VAT inclusive you acquire registration package of 500 text messages that will be valid for the next two years as from the day of purchase. In this way you will be notified about the changes occurring in the particular company’s account. The registration package also provides an option for customization – one mobile number is allowed to receive notifications referring to maximum 10 companies.

The SMS system is available at www.sms.brra.bg [1]. Users might be both businessmen, and other individuals concerned by the company’s matters.