Commercial Register
What is it?
It is a public register where companies and commercial societies are recorded. The commercial register provides information about the formation, structure, and business activities of companies, as well as acts and documents related to their operations, such as amendments to the bylaws, capital increases, or changes in management.
The primary purpose of the commercial register is to offer transparency and legal security both to business owners and to third parties who wish to know the legal and financial situation of a company. Furthermore, this register acts as a means to ensure compliance with commercial regulations and protect the interests of investors, clients, and other stakeholders.
Key aspects to consider
Registration in the commercial register is mandatory for companies operating in the commercial sector, and it is a legal requirement to carry out certain acts, such as opening bank accounts, signing commercial contracts, or participating in public tenders. The information recorded in this register is accessible to the public, allowing interested parties to verify the existence, background, and status of a company before conducting transactions with it.
It is important to note that the commercial register does not guarantee the solvency or reliability of a company, although it does provide a solid legal foundation upon which to assess the risks of associating with or investing in a company. Furthermore, keeping the registered information up to date is crucial to maintain the accuracy of the available data, so companies must ensure they meet their obligations to register relevant documents or modifications in a timely manner.