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

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.