The article approaches amendments to the Commercial Code and the Accounting Act for brining local law in line with the Directive (EU) 2019/1151. Branch registration becomes easier and voluntary. The proposed changes will allow a foreign company to register a branch in the commercial register electronically by submitting an application in the enterprise portal of the e-commercial register. From now on the branch manager does not have to submit the foreign company’s annual report to a separate commercial register, as it is available to interested parties through the EU registrar. The liquidation of the branch becomes voluntary. A requirement that the liquidation proceedings of branch shall be conducted before the deletion from the business register repeals. For more read here.
