Many sites have information regarding the declaration of real owners of companies/firms. Only the lazy did not write about this. Let's clarify the situation, who must submit a declaration and a B7 application to the Registration Agency. In early January 2019, Message that from February 1 to May 31, all Bulgarian legal entities must submit to the Trade Register (TRRULNT) a notarized declaration, which will indicate who is the real (actual) owner of the company. And on January 8, 2019  Darzhaven Vestnik published Resolution No 357 of December 31, 2018. In Law (ZMIP) In part 63 of the al.5 it is written that not all companies must submit this declaration. Let's clarify, who does NOT have to file real property declarations. Submission of such a declaration is not required: – OOD/EOOD, in which the owners are individuals, not legal entities; – trade mission from a foreign legal entity. Attention!! The deadline for filing a declaration is May 31. Today, 05/22/2019, we received a letter from the BCCI. "FOR ATTENTION TO: TARGOVSKITE REPRESENTATIVE ON A FOREIGN PERSON, REGISTERED IN THE BCCI ON THE BASIS OF PART 24 AL.1 OF THE LAW FOR NASRCHAVAN ON INVESTMENT! DEAR DAMI AND GENTLEMEN, Attached to the information regarding the necessity of the representative on a foreign person  Yes, they will declaration for the validity of their property, in fulfillment of the Law for the merkite I will decide on the bet and the Ruler for the application of mu." ATTENTION: SALES REPRESENTATIVES OF FOREIGN PERSONS REGISTERED WITH THE BCCI ON THE BASIS OF ARTICLE 24, PARAGRAPH 1 OF THE LEGISLATION ON INVESTMENT ASSISTANCE! Ladies and gentlemen, We send you information that commercial representations of non-residents  must be filed declarations of their beneficial ownership in accordance with the Law on Measures against Money Laundering and its implementing regulations.When registering (opening) a Bulgarian legal entity (LLC/EOOD…), where the managers (directors) and friends (founders) are foreign citizens – individuals, the manager (director) submits a notarized declaration, where all passport data with a sample signature are indicated. Therefore, the Money Laundering Act does not apply to all these companies and a declaration of real owners does not need to be submitted to the Trade Register for publication. That is, all data on owners (individuals) already exist in the Trade Register, BCCI and Bulstat Register. Let's put it this way, dear compatriots – individuals, there is no technical possibility to accept a declaration of real owners from you, since your data is already in both the TRRYULNTS and the BCCI… A little about those who really need to file a declaration. There are companies – OOD, EOOD, AD and various funds, in which the founders are offshores, legal entities. The registration documents of these companies do not indicate the real owners (individuals), as they are foreign companies that have established Bulgarian legal entities. The managers (directors) of such companies must submit a notarized declaration of the actual owners of foreign companies that are the founders of Bulgarian legal entities. In the published material: Rules for the application of the Law it is written that the declaration is submitted from "represent at the establishment on the territory of the Republic of Bulgaria legal entities and other rights of education, individuals and legal entities and other rights of formation, which act on the territory of the Republic of Bulgaria in the quality of the trust of the owners on the trust, trustees of the fund and other similar things are alien to the right of education, establish and exist in accordance with the right of jurisdiction, allowing such a form to trust property." In addition, the declaration itself must be notarized. The content of the declaration is determined by Appendix No 3 to Article 38 of the Rules for the Implementation of the Law on Money Laundering. Companies that do not submit a B7 application on time, which will indicate its real owners, will have to pay a fine from BGN 1000 to BGN 10000. Dear subscribers of the website "Window to Bulgaria", we are monitoring the situation on this topic and if there are changes in the information when submitting the declaration of real owners, you will be the first to know about it.