Share capital conversion deadline — extended to 31 December 2028

31 December 2028 — 36 months from the introduction of the euro (Art. 32(1) of the Euro Introduction Act, as amended, State Gazette No. 82/2026). By that date companies must adopt the amendment of their constitutive documents. 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).

No, unless that application amends the articles. 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), a capital increase or reduction under the Commerce Act, or another change to the mandatory content of the articles — or, for an OOD or EOOD, adjusts the capital by up to 5% (Art. 32(4) and (5) of the Euro Introduction Act). In the first case they are attached to the application for that other change (Art. 32(4), as amended, State Gazette No. 82/2026). Annual financial statements can be published, and entries on procura, branches, pledges, attachments, liquidation, beneficial owners and others can be made, without amending the articles for the conversion (Registry Agency, 3 September 2026).

If the amendment has not been adopted by 31 December 2028, the liability is the same as before — the amounts have not changed: a property sanction on the company of ≈ €77–767 (BGN 150–1,500), ≈ €153–1,534 (BGN 300–3,000) on repetition — Art. 59(5)(7) of the Euro Introduction Act; a fine on the person at fault (e.g. the manager) of ≈ €51–511 (BGN 100–1,000), ≈ €102–1,023 (BGN 200–2,000) on repetition — Art. 59(2) and (4)(8) of the Euro Introduction Act. The obligation itself does not lapse. The full reckoning, the myths and the steps — on the penalty for unconverted capital page.

As a rule, no — a company incorporated after the introduction of the euro registers its capital directly in euro and has nothing to bring into line. The exception: if the founding documents were signed in 2025 with capital in leva but the company was registered after 1 January 2026, the obligation applies to you as well: the capital on the file is in euro, but the articles are in leva (Registry Agency FAQ No. 158).

No. Under Art. 32(4) of the Euro Introduction Act, no state fee is due for announcing the articles with the converted capital. This has also been confirmed by the Registry Agency. When the articles are filed together with another change, the fee for that change is due.

The amendment must be adopted by 31 December 2028 (Art. 32(1) of the Euro Introduction Act, as amended, State Gazette No. 82/2026). Our documents are ready within 2 business days, and when the articles are filed with the register, 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. The most convenient moment is together with your next change to the articles — the filing is due then anyway — provided it comes before 31 December 2028. If no such change is planned, or you want a round capital, do it earlier rather than in the last weeks before the deadline.