08/04/2026
Important Update for Businesses in Bulgaria: Euro Adoption & Corporate Compliance
As the Republic of Bulgaria transitions to the Euro, the legal landscape for companies is changing. While the Commercial Register has begun the automatic conversion of share capital from BGN to EUR, there are important steps every business owner must take to remain compliant.
⚖️ The Compliance Deadline: 31 December 2026
Under the Euro Act, companies are legally required to update their Articles of Association to reflect the new currency by the end of this year.
⚠️ Why you shouldn't wait:
Blocking of Filings: The Commercial Register will not process any other changes (management updates, address changes, or share transfers) until your revised Articles of Association are submitted.
💶 Rounding Discrepancies: Automatic conversion often creates minor errors in individual shareholdings. The law allows for a simplified 5% adjustment procedure to fix these without the usual "capital change" headache.
🛠️ How we can help
Our team is currently assisting clients in navigating these updates smoothly and cost-effectively.
📩 Message us today to ensure your corporate documentation is Euro-ready!
