The euro in Bulgaria 2026: what happens to your company (and what you have to do)
de Semra Atalay, Senior Consultant · updated 22 mai 2026
From 1 January 2026, Bulgaria switched to the euro. If you already have a company there, you've probably wondered anxiously "and now what do I do with the capital, the documents, the account?". Good news: most of it is handled automatically. But there's also one thing with a deadline you really mustn't miss.
In short
Your company's capital is converted automatically from leva to euro, at the fixed rate (€1 = 1.95583 BGN), without you paying anything and without changing your ownership shares. BUT: you have until 31 December 2026 to update your articles of association with the amounts in euro. If you miss the deadline, you risk fines and your company changes being blocked.
I have a company in Bulgaria — what happens now that it's euro?
Calm down, nothing is collapsing. The conversion of capital is done automatically, by the authorities, at the fixed rate €1 = 1.95583 BGN. You don't lose money, who owns how much of the company doesn't change, you don't pay any state fee for it. Your company stays your company — it's just that the values are now expressed in euro.
Do I still have to do something myself?
Yes, one important thing: updating the articles of association with the amounts in euro (the share capital and the value of each shareholder's shares). The conversion of the figure is done automatically, but the company's document must be brought up to date. The deadline: 31 December 2026. The state has waived the fee for this update — so it costs you only the work of doing it properly, not a fee.
And if I do nothing by the deadline?
This is no joke: missing the 31 December 2026 deadline exposes you to fines and, more annoyingly, to your company changes being blocked — that is, you can no longer change director, registered office, shareholders etc. until you bring the documents up to date. It's exactly the kind of thing that catches you on the wrong foot right when you need to make a change. Better solved in good time.
Does this conversion cost me anything?
Not towards the state — the fee was specifically removed for the euro update. The cost is only the proper preparation of the updated document. In practice, it's a formality with a deadline, not an expense.
If I want to set up a company NOW, is the capital in euro?
Yes. For new companies, the minimum share capital is already expressed in euro — and it's symbolic: €1. So if you incorporate now, you're directly "on the euro", with no conversion left to do.
I've heard about dual price display — what's that about?
It's a transition measure: since August 2025, traders display prices in both currencies (leva and euro) for a period, so people get used to it. It concerns you if you sell goods/services on the Bulgarian market — invoicing and accounting systems must be ready for the euro. This part is handled by accounting (ours, if you work with us).