INTEGRATION WITH THE EU BRIS - CHALLENGES FOR THE CENTRAL REGISTRY OF THE REPUBLIC OF NORTH MACEDONIA

Abstract

The Business Registers Interconnection System (BRIS) is the mandatory
interconnection of all EU Member States’ business registers. The national business
register, among other things, contains official information on companies, such as
the legal form of the company, its registered office, capital, ownership structure,
financial reports, changes in corporate status information, and makes this
information available to the public. The concept of integrating national business
registers into a unified system is intended to enhance corporate transparency and
foster cross-border cooperation. However, the diversity of existing national
registers poses numerous challenges, from legislative discrepancies to
technological incompatibilities. This paper aims to demonstrate the necessity of
preparing for the integration of the Central (Business) Registry of North Macedonia
with BRIS, especially considering the continuous emphasis on this requirement in
the European Commission Country Reports. Given that there will certainly be
potential challenges in the process, it is crucial to approach adaptation and move as
close as possible to established standards.