The introduction of the single European currency on January 1, 2026, is not merely a technical change of price tags. For Bulgarian businesses, it entails a specific and mandatory administrative commitment to the Commercial Register.
Here is everything you need to know to navigate this transition smoothly and avoid unnecessary costs.
The Core Obligation
All business entities (Sole Owner Limited Liability Companies – Ltd., Limited Liability Companies - LLC, Joint-Stock Companies - JSC, and Partnerships Limited by Shares - PLS) are required to update their constituent documents (Articles of Incorporation or Bylaws) to reflect the conversion of their share capital into Euro.
Crucial Note:
Even if the Registry Agency performs a clerical conversion of the capital in its database, you are still legally required to explicitly reflect and announce this change in your own company documents and submit them to the Commercial Register! The Agency’s internal action does not exempt you from this personal obligation.
Checklist: What You Need to Do by the End of 2026
1. Preparation and Calculations
Check the current status of your capital in the Commercial Register. Convert the amounts using the fixed exchange rate, ensuring that rounding does not alter the percentage of ownership among partners. The rights of the owners must remain identical.
2. Corporate Decision
Hold a General Meeting (or issue a decision by the sole owner) to adopt the amendments to the Articles of Association, the Partnership Agreement, or the Bylaws.
3. Submission to the Commercial Register
Prepare and submit for announcement an updated certified transcript of the document, signed by the legal representative of the company.
What Will It Cost?
The Good News: No state fees are due to the Commercial Register if you submit the documents within the 2026 calendar year.
You can do this:
Independently as a separate filing;
Simultaneously with the filing of your Annual Financial Statements (AFS).
Risks and Sanctions
Do not underestimate the deadlines! Failure to announce the changes by December 31, 2026, may result in fines for the managers:
Initial fine: from 76,69 EUR up to 766.94 EUR (from 150 BGN up to 1,500 BGN).
Repeated violation: up to 1 533,88 EUR (3,000 BGN).
Professional Advice from GA Book
Set an internal deadline of November 30, 2026 This will provide you with a necessary time buffer in case of technical delays at the Registry or any need for corrections to the submitted documents.
| Entity Type | Document to be Announced |
|---|---|
| Ltd. / LLC | Transcript of the Partnership Agreement with capital and shares in EUR. |
| JSC / LPS | Transcript of the Bylaws with capital and nominal value of shares in EUR. |
Summary of Common Mistakes:
- Mathematical Errors: Conversion that "breaks" the logic of shareholding percentages.
- Procrastination: Leaving the procedure for the final working days of the year.
- Misconception: Believing that the "clerical" conversion by the state is sufficient.
Do you need a consultation regarding the changes to your partnership agreement?
Contact the GA Book team for professional assistance!
Need a free consultation?
Our specialists will respond within 24 hours on working days. If you need a personal meeting, we will welcome you in a comfortable and representative office in the city center of Sofia.