Bulgaria's Euro Changeover: What Changes for Founders and Company Owners in 2026

What changes when you form a company?

Since 1 January 2026 the share capital of new companies is stated directly in euro. The legal minimum capital of an OOD or EOOD (the Bulgarian limited company) is now €1, and the smallest permissible share is one eurocent. In practice most founders still choose a round amount such as €100.

The formation documents – articles of incorporation and the founder's resolution – also state the capital in euro. Our free document generator has been fully switched to euro and prepares the paperwork exactly as the commercial register expects it since 2026.

Extended deadline for existing companies: 31 December 2028

If your Bulgarian company was founded before 2026, the Registry Agency converted the registered capital automatically and free of charge into euro. On 3 September 2026 the agency announced that the deadline for adapting company documents after the conversion had been extended to 31 December 2028. The obligation arises when the company changes its articles of association or incorporation deed for another reason — for example its name, registered office, members or capital. Read the Registry Agency's current notice before filing.

Because the conversion can produce awkward figures, the law allows OODs to adjust the capital by up to 5% to get back to round share values – without going through the usual capital increase or reduction procedure. If you need help with this, get in touch with us.

Taxes and accounting: everything in euro

Accounting, tax returns and invoices have been running in euro since 2026. VAT registration, however, is not governed by a single threshold alone: depending on the transaction, registration can be required before the first cross-border supply. This guide deliberately does not state the current general threshold or measurement period until our verification register has confirmed them against the Bulgarian revenue authority and the VAT Act. Check your case before issuing the first invoice with a Bulgarian tax adviser or directly with the NRA. The stated tax rates remain unchanged: 10% corporate tax, 10% personal income tax, 5% withholding tax on dividends. For an overview, see our article on Bulgarian taxes.

Why this is a win for foreign founders

• No more currency risk: there is no foreign currency between your home bank account and your Bulgarian one – no conversion, no exchange-rate swings, no fees.
• Simpler banking: euro transfers to Bulgaria are ordinary SEPA payments.
• Full price transparency: salaries, rents and services can be compared directly with Western European prices – and remain considerably lower.
• A location without friction: together with Bulgaria's full Schengen accession in early 2025 (no more border checks, including at land borders), the country has never been more seamlessly integrated into the EU.

Checklist: what to do now

• Existing company? Compare the converted register entry with your company documents and plan the update for the next relevant amendment; the Registry Agency states a deadline of 31 December 2028.
• Check that contracts, price lists and invoice templates are fully converted to euro.
• Check the VAT-registration position before the first relevant transaction with a Bulgarian tax adviser or the NRA; do not rely on a general turnover threshold alone.
• Planning a new company? Set the share capital directly in euro – for example with our free document generator, whose templates have been on euro amounts since 2026.

Conclusion

The euro adoption removes one of the last practical hurdles for foreign founders in Bulgaria. The tax advantages stay, the currency question disappears. If you want to know what this means for your specific plans: check our FAQ or the company-formation guide, which sets out the process from the decision through to registration.