Euro area · Euro Introduction Act · deadline 31 Dec 2028

Share capital conversion to euro — by a lawyer, in 2 business days.

You fill in three fields. We prepare the resolution, the new constitutive document and the declarations, and a lawyer files them with the Commercial Register under an electronic signature. All you do is sign.

Order online — €99, no hidden fees Why is it mandatory?
File · capital conversion Art. 32 Euro Introduction Act

Deadline to amend the constitutive documents

31 Dec 2028

extended — Euro Introduction Act as amended, State Gazette No. 82/2026

Price
€99 — final price incl. VATeverything included · no hidden fees
Execution
Attorneys Dimitrova and Cholakovreview and file every set with a qualified e-signature
Experience
120+ capital conversionscompanies converted via the firm
Payment
🔒 Card or bank transferVISAApple PayG Pay
Order online — takes 2 minutes →

Prefer to talk? +359 888 787 414 · [email protected]

1 EUR = 1.95583 BGN· State fee: €0.00· Deadline 31 Dec 2028 — extended (State Gazette No. 82/2026)· Documents within 2 business days· A lawyer files with the Commercial Register· 120+ companies converted

Why it matters

The Commercial Register converted the capital automatically.
Updating the documents is up to you.

In early 2026 (by 24 March) the Registry Agency replaced the registered capital ex officio with the values in euro under Art. 31 and Art. 33 of the Euro Introduction Act — only the figures in the company file. But it has no power to amend your company agreement, articles of association or statutes — that is the company's obligation. Here is the difference:

01 · What the state did

Automatic conversion of the figure in the Register

The Registry Agency recalculated the registered capital at the fixed rate of 1 EUR = 1.95583 BGN (for an AD, through the nominal value of the share — Art. 31 and Art. 33 of the Euro Introduction Act). Automatically, with no application and no involvement from you. So far — only the figures in the file (what the ex officio replacement covered).

Source: the Registry Agency
02 · What is left for you

A resolution + updated constitutive documents

The owners adopt a resolution and bring the articles of association, company agreement or statutes into line with the capital in euro — by 31 December 2028. The articles with the converted capital are filed with the Commercial Register when the company amends its articles on another ground or, for an OOD or EOOD, adjusts the capital by up to 5%.

Art. 32(1), (4) and (5) Euro Introduction Act, as amended
03 · If you don't

A sanction and a lingering obligation

If the amendment is not adopted by 31 December 2028, the company faces a property sanction of ≈ €77–767 (BGN 150–1,500), doubled on repetition, and the person at fault (e.g. the manager) a fine of ≈ €51–511 (BGN 100–1,000). The penalty does not discharge the obligation, and the capital keeps an untidy automatic figure.

Art. 59(2) and (5)(7) Euro Introduction Act

Amendment in force from 8 September 2026 (State Gazette No. 82/2026): the deadline under Art. 32(1) of the Euro Introduction Act is extended to 31 December 2028. The articles with the converted capital are filed with the Commercial Register when the company amends its articles on another ground — for example a change of name, of registered seat and address of management, of the partners or the sole owner (OOD/EOOD), or a capital increase or reduction under the Commerce Act — or, for an OOD or EOOD, adjusts the capital by up to 5% (Art. 32(4) and (5) of the Euro Introduction Act). Annual financial statements can be published, and entries on procura, branches, pledges, attachments, liquidation, beneficial owners and others made, without amended articles (Art. 32(4); Registry Agency, 3 September 2026). Convert once, at your own pace — when you next amend your articles, the conversion will already be in place. Details — on the deadline page.

Our detailed legal guide on the subject — with worked examples, calculations and a step-by-step procedure: Capital conversion 2026 — procedure, deadlines, penalties.

One price · everything included

One service. One price.
State fee: zero — by law.

Compare what is included, not only the price: who drafts the documents, who files them and under whose signature, and who fixes any instructions or a refusal. With us there is a single service — the whole job, from the calculation to the filing, done by a lawyer.

The set — 5 documentsEOOD / OOD
Resolution of the sole owner / minutes of the general meeting

To convert the capital and shares into euro, with the exact figures under Art. 31(4) and (5) of the Euro Introduction Act — and, if you choose it, the adjustment of up to ±5% under Art. 32(5).

Updated articles of association / company agreement

With capital, shares and distribution in euro — a certified copy, ready for announcement in the Commercial Register.

All mandatory declarations

Including the declaration under Art. 13(4) of the Commercial Register Act as to the truth of the circumstances filed.

Application for announcement in the Commercial Register

Completed and checked — filed by the lawyer with a qualified electronic signature.

Power of attorney to the lawyer

Authorizing the lawyer to file the application and represent the company before the Commercial Register through to entry.

Expand a row to see exactly what it contains. Every document carries your company's data from the Commercial Register.

€99€192

Final price incl. VAT · no hidden fees

€99 incl. VAT when ordered online — lawyer filing included, no hidden extras. Standard rate for an individual engagement: €192 incl. VAT.

  • A lawyer from the firm reviews every document before filing
  • Documents ready within 2 business days of confirmation
  • If the Register refuses through our fault — we correct and re-file free of charge
  • AD, EAD, KDA, DPK and non-standard cases — an individual quote within 24 hours

Important: there is no state fee for this announcement — Art. 32(4) of the Euro Introduction Act excludes it expressly. If someone "includes it in the price", they are including zero.

Go to the order
🔒 Secure payment VISA Apple Pay G Pay or by bank transfer

Comparing quotes? Four questions that level the bill:

  • Who drafts the documents — a lawyer on your company file, or a template you fill in yourself?
  • Is filing with the Commercial Register included, by whom and under whose electronic signature — or is it an "add-on at the final step"?
  • What happens on registry instructions or a refusal — who corrects it, at whose expense?
  • An "included state fee" is no advantage — it is €0.00 for everyone, by law (Art. 32(4) of the Euro Introduction Act).

The process

Four steps. Two of them are ours.

1

You place a request

You provide the UIC, contact details and pay online — nothing more. We ask for no documents and no scanned ID cards.

≈ 2 minutes
2

Register check and calculation

The lawyer establishes the capital, the shares and the partners from your public file (Art. 11 of the Commercial Register Act), calculates the figures in euro and suggests rounding where it is advantageous.

within 24 hours
3

You receive the documents

The full set — drafted and reviewed by a lawyer. You sign electronically or on paper, following our guidance.

within 2 business days
4

The lawyer files with the Register

We submit the application and track the company file until the register rules. You receive email confirmation.

Register: about 2–3 weeks (as at September 2026)

Template or lawyer

Looking for a template resolution for capital conversion?
Here is what it must contain — and where templates break.

There is no universal template for capital conversion to euro — the documents depend on the legal form, the number of partners and the rounding you choose. If you are preparing the set yourself:

What the set must contain

  • Resolution / minutes — of the sole owner (EOOD) or of the general meeting (OOD), on the basis of Art. 32 of the Euro Introduction Act
  • Updated articles of association / company agreement — the capital, the shares and the nominal values entirely in euro
  • Declaration under Art. 13(4) of the Commercial Register Act — as to the truth of the circumstances filed; attached when filing with the Commercial Register
  • Application A4 — when filing is due: with an amendment of the articles on another ground or a capital adjustment of up to 5% (Art. 32(4) and (5) of the Euro Introduction Act)

The full document set is prepared and reviewed by a lawyer as part of the €99 service.

Where ready-made templates break

  • Rounding of the shares — the converted capital is distributed among the partners in proportion to their holdings before the conversion (Art. 31(5) of the Euro Introduction Act), to the cent; with several partners the sum "number of shares × nominal value" often stops equalling the capital
  • The ±5% adjustment — for an OOD or EOOD, Art. 32(5) of the Euro Introduction Act in practice allows a "clean" figure, but requires a redistribution that universal templates do not account for — a common cause of registry instructions or a refusal

The state fee is €0.00 either way (Art. 32(4) of the Euro Introduction Act) — the difference is your time and the risk of re-filing. Check the figures in the free calculator with per-partner shares — it works even if you prepare the documents yourself.

Explore by your case

The procedure isn't the same for everyone

Choose your company's legal form — each page has the exact steps and the relevant sections of the law.

By legal form

EOOD

EOOD capital conversion

Sole-owner resolution, updated articles of association — the simplest procedure →

 OOD

OOD capital conversion

General meeting minutes, each partner's shares in euro, rounding without changing the ratios →

 AD · EAD · KDA

AD and EAD capital conversion

Nominal share value, majorities, statutes — the more complex procedure, with an individual quote →

By topic

By when

The deadline — 31 Dec 2028

What the extension changed — and when a filing is still needed →

 Sanctions

The penalty for missing it

Sanction for the company and a fine for the manager — the exact amounts →

 The set

Documents for capital conversion

Which documents an EOOD and an OOD need, and what they contain →

 The register

The automatic conversion

What the Registry Agency replaced ex officio — and what is left for you →

 Combined

Together with another change

A new name, seat, partners or capital — in a single procedure →

Who we are

Names, faces and a law firm.
Not a "partner platform".

Check who prepares your documents. We are Innovires Legal — a law firm in Sofia (Dimitrova, Cholakov & Partners). Over 120 companies have already gone through capital conversion with us — and we stand behind every document with our names.

Desislava Dimitrova

Desislava Dimitrova

Partner · Co-founder

Corporate law and commercial registrations. Author of the Bulgarian legal guide on capital conversion.

Yordan Cholakov

Yordan Cholakov

Partner · Co-founder

Corporate and tax structuring. Serves Bulgarian and international companies.

Maria Petrova

Maria Petrova

Legal counsel

Corporate governance and administrative procedures. Runs the day-to-day work with the Commercial Register.

Aleksandra Kostova

Aleksandra Kostova

Legal adviser

Commercial Register changes and corporate documentation. Tracks every company file through to entry.

The full team — who you work with and how — is on the Innovires Legal team page. Before you pay anyone for this service, check whether there are names on the other side.

For accounting firms and consultants

Your entire client portfolio — in euro, with a single email

Accounting firms and consultants can engage us for the capital conversion of their clients' companies. Send us a list of UICs; we take on the drafting and filing for each company and provide a status report — "filed / entered / awaiting signature".

Partnership enquiry

Order

Order online — 2 minutes

You fill in your email, phone and UIC — the rest we pull automatically from the Commercial Register. Within 2 business days you receive the finished set, reviewed by a lawyer. We file it and track the company file until the register rules.

  • €99 incl. VAT — final price, no hidden fees
  • €0.00 state fee — by law (Art. 32(4) of the Euro Introduction Act)
  • Documents within 2 business days — drafted and reviewed by a lawyer
  • 120+ companies converted — a firm with names behind each one

Prefer to talk? +359 888 787 414 · Viber · [email protected]
Monday – Friday, 9:00 – 18:00

Order — 2 minutes🔒 Secure payment

That's all we need — the company name, legal form (EOOD/OOD), capital and shares are pulled automatically from the Commercial Register by UIC.

Is your company an AD, EAD or another form? → Request an individual quote

Guarantee: if your case turns out to be non-standard at the file check — we refund the full amount.

🔒 The payment is processed by Viva.com — a licensed payment service provider in the EU (an electronic money institution supervised by the Bank of Greece). Your card details never reach us.

Unsure? Call us — a 2-minute chat, Mon–Fri 9:00–18:00.

Order received

Thank you. You'll receive an email confirmation with your order number and the next steps.

Expect three emails from [email protected]: order received → documents to sign → announced in the Register.

Frequently asked questions

What company managers ask

Is capital conversion mandatory if the Register has already done it automatically?
Yes. The automatic conversion changed only the figure in your file (what exactly it covered). The law requires the companies themselves to adopt a resolution and bring their constitutive documents — company agreement, articles of association or statutes — into line with the euro by 31 December 2028 (Art. 32(1) of the Euro Introduction Act, as amended, State Gazette No. 82/2026). The articles with the converted capital are filed with the Commercial Register when the company amends its articles on another ground or, for an OOD or EOOD, adjusts the capital by up to 5% (Art. 32(4) and (5) of the Euro Introduction Act).
What is the deadline and what happens if I miss it?
The deadline is 31 December 2028 — extended from 12 to 36 months (Art. 32(1) of the Euro Introduction Act, as amended, State Gazette No. 82/2026). If you amend your articles on another ground before then, the articles with the converted capital are attached to that application (Art. 32(4)). Annual financial statements and other filings that do not amend the articles do not trigger this. If the amendment has not been adopted by 31 December 2028, the company faces a property sanction of ≈ €77–767 (BGN 150–1,500), doubled on repetition (Art. 59(5)(7) of the Euro Introduction Act), and the person at fault (e.g. the manager) a fine of ≈ €51–511 (BGN 100–1,000; Art. 59(2)). The capital keeps an untidy automatic figure.
Is there a state fee?
No. Under Art. 32(4) of the Euro Introduction Act, no state fee is due for announcing the adjusted documents — this is confirmed by the Registry Agency. That is why our price has no "included fees" — the fee is €0.00 for everyone. When the articles are filed together with another change, the fee for that change is due.
Can I do it myself with a template from the internet?
The law does not require a lawyer — you can prepare the documents yourself. There are two risky spots: the rounding of the shares (Art. 31(4)–(5) of the Euro Introduction Act — with several partners the sum “number of shares × nominal value” often stops equalling the capital) and the full adjustment of the constitutive document, not just the capital clause. Discrepancies are among the common causes of registry instructions or a refusal. What the set must contain — we've set it out above; you can run the calculation in the free calculator.
At what rate is the capital recalculated?
At the fixed rate of 1 EUR = 1.95583 BGN (Art. 5 of the Euro Introduction Act). The result is rarely a round number. For an OOD or EOOD the law allows the capital to be adjusted by up to ±5% where this is needed to preserve the partners' rights when their shares are converted (Art. 30 and Art. 32(5) of the Euro Introduction Act); in practice this is also how a round figure is reached. The new amount is entered in the Commercial Register. For an AD, the nominal value of the share is rounded to the cent (Art. 31(1)). For an OOD or EOOD, the lawyer assesses at the drafting stage which rounding is advantageous.
What information do you need from me?
The company's UIC and the applicant's contact details. We ask for no documents and no scanned ID cards: the Commercial Register is public (Art. 11 of the Commercial Register Act) and the lawyer checks the company file directly. We only contact you again if something in the file requires your decision.
Is a notary required?
In the common case (EOOD and OOD) — no. The documents are signed by the owner/partners and by the company's representative (the manager), and the lawyer files them electronically with a qualified electronic signature. If your particular case requires notarization, we will tell you in advance — the review and assessment are included in the price, at no extra charge.
Will I see the documents before they are filed?
Yes. We send you the full set to review and sign, and we file nothing without your signature. If anything does not match the actual situation — partners, shares, address — write to us and we correct it before you sign.
How long does it all take?
Our internal turnaround is two business days — from payment to a set ready for signature. The ruling rests with the Commercial Register: by law the registration official rules immediately after three working days from receipt of the application (Art. 19(2) of the Commercial Register and Register of Non-Profit Legal Entities Act). As at September 2026 the register is overloaded and applications take around two to three weeks. We track the file and notify you on the day of entry.
Can I combine the conversion with other company changes?
Yes — and when you amend your articles on another ground, the law requires the articles with the converted capital to be attached to the same application (Art. 32(4) of the Euro Introduction Act, as amended, State Gazette No. 82/2026). A change of name, seat and address, partners or capital goes through in one procedure with the conversion. Which combinations require what — on the capital conversion together with another change page. Tell us what you are planning and you will receive a combined quote.
What happens if the Commercial Register refuses?
If the refusal is due to the documents we prepared — we correct them and re-file entirely at our expense. That is why every set goes through a lawyer's review before filing: refusals are the exception, not your risk.
Which companies does the obligation apply to?
All commercial companies whose capital is registered in leva: EOOD, OOD, AD, EAD and KDA. The capital of a variable capital company (DPK) is not entered in the register (Art. 260d(1) of the Commerce Act), so there was no ex officio replacement; if its articles state values in leva (for example the nominal value of the shares), they are also brought into euro by 31 December 2028 (Art. 32(1) of the Euro Introduction Act) — for a DPK we quote individually. Sole traders (ET) have no capital and owe no adjustment. For AD/EAD the procedure is more complex (share nominal values, majorities) — for these we prepare an individual quote.
YC
Written by Yordan Cholakov — Partner & Co-Founder, Innovires Legal, registered in the Unified Register of Lawyers (Supreme Bar Council).
Innovires Legal files share capital conversions with the Commercial Register for Bulgarian companies and their foreign owners. Current as at September 2026 (Euro Introduction Act as amended, State Gazette No. 82/2026).