What was converted automatically?
The Commercial Register converted registered share-capital figures from Bulgarian lev into euro. That register-level change means a company should not pay a provider merely to perform the mathematical conversion again.
The separate practical issue is the company's own constitutive document. An EOOD has a memorandum or deed of incorporation, an OOD has articles of association, and an AD has articles containing the capital and share provisions. Those documents do not rewrite themselves when a register field changes.
The registered capital has already been converted. The remaining work is to align the corporate documents with the euro-denominated register data and file the updated act.
Redenomination, conversion or denomination?
Share capital redenomination is the most precise concise term for changing the currency in which the capital and nominal share values are expressed. Conversion of share capital from BGN to EUR is easier for a general audience. “Capital denomination” describes the unit in which capital is stated, but is less precise as a name for the process.
This guide uses both “redenomination” and “conversion” so that legal terminology and ordinary search language lead to the same explanation.
Which companies are covered?
EOOD and OOD
The capital and nominal value of company quotas must be reflected consistently in the deed of incorporation or articles of association.
AD
The articles must consistently reflect the euro capital, number of shares and nominal share values, together with the required corporate approval.
The correct document and approval path depend on the legal form and the company's existing file. The update should be based on the current registered act rather than a generic template detached from the company record.
Which documents normally need attention?
- the sole shareholder's resolution for an EOOD, or the required OOD/AD corporate resolution;
- the updated deed of incorporation, articles of association or statutes;
- capital, quota or share clauses expressed consistently in euro and euro cents;
- the application and accompanying declarations required for filing;
- the attorney authorisation and filing package, where an attorney submits electronically.
The exact set follows the legal form, current constitutive act and manner of representation.
How are shares, quotas and rounding handled?
The register conversion and the wording of the company document must be read together. A company should not independently alter ownership percentages or use rounding as an informal capital change. The total capital, number of quotas or shares and their nominal values must remain internally coherent.
If the intended result goes beyond reflecting the euro values and changes the amount of capital, quota structure, ownership or another registered circumstance, that is a separate corporate action and should be scoped independently.
Is a government fee payable?
The Registry Agency states that no government fee is payable for announcing acts in which the lev amounts of the capital and the shares or quotas have been replaced with euro and euro-cent values. A professional fee may still apply for legal review, document preparation, coordination and filing.
Our fixed-fee service presents one final price and includes the standard preparation and filing work without separate government, notary, courier or other charges.
Can the process be completed remotely?
Yes. The company information can be reviewed remotely, the documents can be prepared in Bulgarian and English, and signing can be coordinated without an office visit. The completed package can then be filed electronically by a Bulgarian attorney.
Preparation and filing can be completed within three business days after all required information and signed documents are received. The subsequent register processing time is controlled by the Registry Agency.
A practical step-by-step process
1. Review the current company record
Identify the legal form, current constitutive act, registered capital and representation.
2. Prepare the corporate approval
Draft the appropriate sole-owner, general-meeting or other corporate resolution.
3. Update the constitutive document
Reflect the euro capital and nominal values consistently throughout the bilingual document.
4. Sign and file
Coordinate signatures and submit the completed package electronically to the Commercial Register.
5. Retain the updated corporate file
Keep the signed resolution, updated act and filing confirmation with the company's permanent records.
Questions company owners commonly ask
Do I pay someone to convert the number?
No. The registered figure was converted automatically. Professional work concerns the corporate approvals, updated documents and filing.
Will I receive English documents?
Under SofiaTax's service, every prepared document is supplied bilingually in Bulgarian and English.
Is a visit to Bulgaria required?
The standard service is organised fully remotely.
Who performs the legal work?
Attorney Petar Georgiev, a Bulgarian lawyer with more than 10 years of commercial-law experience, prepares and files the legal package.
This guide provides general information. A company's current registered act, legal form and any simultaneous corporate changes can affect the required documents and procedure.