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The automatic capital conversion — what it covered and what remains for you

In January 2026 the Registry Agency automatically replaced the recorded capital of every company with capital in leva with its equivalent in euro at the fixed rate 1 EUR = 1.95583 BGN (Art. 5 of the Euro Introduction Act, ЗВЕРБ). What was replaced, however, was only the number in the company file — the constitutive documents (articles of association, partnership agreement or statutes) remained in leva. The obligation to bring them into line is yours — with a deadline of 31 December 2026 (Art. 32(1) of the Euro Introduction Act).

The number: replaced automatically The documents: remain for you Deadline: 31 December 2026

The division of labour

What the register did — and what remains for the company

The Registry Agency — ex officio
  • Replaced the recorded number in the company file with the equivalent in euro
  • Applied the fixed rate 1 EUR = 1.95583 BGN (Art. 5 ЗВЕРБ)
  • Rounded to the cent — under the rules of Art. 12–13 ЗВЕРБ
  • No application and no involvement from you — once, in January 2026
The company — by 31 December 2026
  • A resolution of the owners to bring the capital and the shares into euro (Art. 32 ЗВЕРБ)
  • Fully updated articles of association / partnership agreement — not just the capital clause
  • The option of a round value — an adjustment of up to ±5% (Art. 32(5) ЗВЕРБ), which the automatic replacement does not apply
  • Filing for announcement in the Commercial Register — at no state fee (Art. 32(4) ЗВЕРБ)

The discrepancy

What your company looks like today — on the example of a capital of BGN 5,000

In the company file at the Commercial Register €2,556.46

The automatically recalculated value — exact at the rate, but non-round and without the ±5% adjustment.

In the articles of association / partnership agreement BGN 5,000

The document still states a capital in leva — a discrepancy that is removed only by bringing it into line.

After bringing into line — your choice €2,500.00

When you bring it into line voluntarily within the deadline, you can choose a round value within ±5% (Art. 32(5) ЗВЕРБ).

If you do nothing BGN 150–1,500

A property fine after the deadline (€77–767) and a separate fine for the manager at fault — and the obligation remains (Art. 59(5)(7) ЗВЕРБ).

The values for your company — in the free calculator with shares by partner.

Why it is not "done"

Three reasons the automatic replacement is not the end

01 · The legal one

The obligation under Art. 32 remains

The law requires the companies themselves to adopt a resolution and bring their constitutive documents into line with the capital in euro, and then file them for announcement (Art. 32(1) ЗВЕРБ). The automatic replacement of the number does not discharge that obligation — and a sanction is provided for failing to comply with it.

Art. 32(1) and Art. 59(5)(7) ЗВЕРБ
02 · The practical one

Your documents state a capital in leva — a record that no longer matches the file

The articles of association or the partnership agreement still state capital and shares in leva. At the next change in the company file, before a bank or a counterparty, the discrepancy between the document and the register comes to light — and a change filed without the capital transformation risks refusal or complication.

Art. 32(4) ЗВЕРБ
03 · The numerical one

The automatic value is non-round

The automatic recalculation applies only the rate and the rounding to the cent — without the ±5% adjustment. The result is values such as €2,556.46 — and if you bring the documents into line without the adjustment, the nominal values of the shares also remain non-round. When you bring them into line voluntarily within the deadline, you can choose a round value — for example, €2,500.00.

Art. 32(5) ЗВЕРБ

Questions about the automatic conversion

What people ask us after the automatic replacement — with the statute articles

Do I need to do anything after the automatic capital conversion, since the register already shows euro?
Yes. The automatic capital conversion changed only the recorded number in the company file. Under Art. 32(1) ЗВЕРБ the company is obliged to adopt a resolution, bring its constitutive documents into line with the capital in euro and file them for announcement in the Commercial Register by 31 December 2026 — and the sanction for non-compliance is tied precisely to that obligation.
When and how was the automatic replacement carried out?
In January 2026, once and without an application: the Registry Agency recalculated the recorded capital of every company with capital in leva at the fixed rate 1 EUR = 1.95583 BGN (Art. 5 ЗВЕРБ), rounded to the cent under Art. 12–13 ЗВЕРБ. The ±5% adjustment is not applied in the automatic replacement — it is an option only when the company itself brings the documents into line.
Can I keep the non-round automatic value?
Yes — the ±5% adjustment is an option, not an obligation. You can bring the constitutive documents into line with the exact automatically recalculated value. What is mandatory is bringing the documents into line as such; the round value is the additional benefit that the voluntary procedure offers (Art. 32(5) ЗВЕРБ).
Do I owe a fee or a fine after the automatic replacement?
You owe nothing for the automatic replacement. For bringing the documents into line no state fee is due either (Art. 32(4) ЗВЕРБ). A sanction is provided only if you do not bring the documents into line within the deadline — BGN 150–1,500 (€77–767) for the company and BGN 100–1,000 (€51–511) for the manager at fault (Art. 59(5)(7) ЗВЕРБ).
What happens to the partners' shares?
When bringing them into line, each share is recalculated separately, rounded to the cent (Art. 12–13 ЗВЕРБ), so that the sum of the nominal values of all shares equals the capital, with no change in the ratio between the partners. It is precisely the share arithmetic that is the most common source of mistakes — check the values in the calculator or leave the computation to a lawyer.

Finish what the register started

Order online: a lawyer prepares the resolution and the updated constitutive document within 2 business days, files them and tracks the company file through to the entry. The values — in the free calculator.

€99 incl. VAT — final price, everything included · €0.00 state fee · for EOOD and OOD

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The full set — on the documents page; more answers — in the FAQ.