The deadline for amending corporate documents in connection with the redenomination of the capital of commercial companies has been extended until December 31, 2028

Bulgaria’s Parliament voted on September 2 to extend the deadline for Bulgarian companies to submit their articles of incorporation with share capital denominated in euro, rather than leva.

The country joined the euro zone in January and the Euro Adoption Act gave companies 12 months to re-submit their corporate registration paperwork.

However, a separate provision in that law said that companies should do so at the same time as filing their 2025 annual financial reports, the deadline for which is this month. This prompted concerns that the Bulgarian trade register could be swamped with a volume of corporate filings it was unable to process. 

Under the amendments tabled by the governing Progressive Bulgaria party, which were passed at first and second reading on September 2, this deadline has now been extended to 36 months after the introduction of the euro on January 1 2026.

To further reduce red tape, per the bill’s sponsors intent, the share capital conversion can be done whenever a company files a change to its articles of incorporation specifically, rather than the next time it is required to make a corporate filing, such as a managerial change, for instance.