Decreto-Lei n.º 24/2019
- Emissor:Presidência do Conselho de Ministros
- Entidade Proponente:Justiça
- Tipo de Diploma:Decreto-Lei
- Páginas:786 - 791
Summary in plain english (Without legal value)
What is it?
This decree-law establishes the rules applicable to the share of information between the national commercial registry and the commercial registries of other European Union’s Member-states.
What is going to change?
An electronic interconnection system between the registry services of the Member-states, the BRIS (Business Register Interconnection System) is incorporated.
The BRIS provides the information and documents regarding the commercial registry of each Member-state.
For example, in the case of cancellation of a company registered in Spain, the Portuguese commercial registry service will receive this information for the cancellation, in Portugal, of the registry of the corresponding permanent representation.
The cross-border merger processes are notified through the system, by the national commercial registry, about the registries of every Member-state participating in the merge.
The communications received through this system (opening of a settlement process or cancellation of a registry) waiver the submission of documents.
The BRIS provides certain information regarding the limited liability companies (LLC) for free.
A single identification number, the EUID, is created.
For the exchange between registries to be simpler, the companies are identified by a number which contains the information of the country and registry service of origin, as well as the legal person identification number at the Member-state of registration.
What advantages does it bring?
This decree-law aims to:
- improve the access to the information on the companies;
- allow the exchange of information about the registries between the Member-states;
- ensure that the Member-states hold updated information.
When does it enter into force?
This decree-law takes effect when the deliberation of the board of directors of the Registries and Notary Institute, confirming the operation of the Register Interconnection System, is published.