As from the 3th of January 2017 in Bulgaria is operating a centralized Register of bank accounts and safe deposit boxes, created in accordance with the Law on the credit institutions of 13 July 2006 and the Ordinance nr. 12 of the Bulgarian National Bank of 29 September 2016.
It’s an electronic database administrated by the Bulgarian National Bank and containing information on bank account numbers, the account holders, and the persons authorized to operate the accounts, as well as on deposit box holders and persons authorized by them.
According to the aforementioned Law on the credit institutions, access to this Register is granted not only to the judicial authorities, the law enforcement agencies, the tax administration and the banks, but also to the bailiffs for the execution proceedings.
The creation of this Register should therefore facilitate debt collection in Bulgaria.
Both natural and legal persons are entitled to obtain information, regarding the data about them contained in the Register, by means of a special procedure, paid for enterprises and free of charge for citizens.
Lion’s Law’s team is at your disposal for any further information.