Mandatory elements under Art. 115 in conjunction with Art. 147 of the Commerce Act
This page explains, in English, what a Bulgarian EOOD's учредителен акт (articles of association) must contain — the actual document filed with the Commercial Register is prepared and signed in Bulgarian. When forming an EOOD there is no founding meeting and no partnership agreement — instead, the sole owner of the capital signs the articles of association, which contain substantively the same elements. It must include:
| Field | What it contains |
|---|---|
| Company name | in Cyrillic + Latin transliteration; uniqueness check in the Commercial Register |
| Registered office and address | town, district, street, number |
| Scope of business | a general description + "and any other activity not prohibited by law" |
| Capital and shares | amount in euro (min. €1), number and nominal value of shares |
| Sole owner of the capital | full name/company name, personal ID/UIC, address, nationality or seat |
| Manager and representation | full name, personal ID number, mode of representation (the owner may also be the manager) |
| Date and signature | of the sole owner of the capital |
Example — completed articles of association (skeleton, translated for reference)
This English version is for understanding only — the document that gets signed and filed is in Bulgarian.
ARTICLES OF ASSOCIATION
of "[Company name]" EOOD
Art. 1. A single-member limited liability company is hereby formed under the name "[Company name]" EOOD (Latin transliteration: "[Ime na firma]" EOOD).
Art. 2. The company's registered office and address of management are: [city], [address].
Art. 3. The company's scope of business is: [description of activity] and any other activity not prohibited by law.
Art. 4. The company's capital amounts to €[amount], divided into [number] shares of €[nominal value] each, fully paid in by the sole owner.
Art. 5. The sole owner of the capital is [Full name], personal ID [ID number], address: [address].
Art. 6. The company is managed and represented by manager [Full name], personal ID [ID number].
Drawn up on [date] in [city].
Sole owner: ____________________ / [Full name]
When notarization is required
The articles of association generally do not need notarization — it is filed in original together with Application form A4 for the company's initial registration. Notarial form is required only in the specific case where real estate or a right in rem over it is contributed as an in-kind (non-cash) contribution to the capital. Separately from the articles, the manager signs two different documents: the consent with a specimen signature, which is always notarized (Art. 141(3) of the Commerce Act), and the declaration under Art. 141(8) that none of the bars on acting as a manager applies to them.
Frequently asked questions
What is the EOOD articles of association?
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The articles of association (учредителен акт) is the founding document of a single-member limited liability company (EOOD) — adopted by the sole owner of the capital instead of a partnership agreement, it sets out the company name, registered office, scope of business, capital, and management, under Art. 115 in conjunction with Art. 147 of the Commerce Act.
Does the articles of association need notarization?
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As a rule, no — it is signed by the sole owner and filed in original with the Commercial Register. Notarization is required only in the specific case where real estate or a right in rem over it is contributed as an in-kind contribution to the capital.
Can the owner of an EOOD be a foreign person?
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Yes. The sole owner of the capital of a Bulgarian EOOD can be any legally capable individual or legal entity, including a foreign one, with no restriction on nationality or seat.
What is the minimum capital for an EOOD in 2026?
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The minimum capital is €1 (Art. 117 Commerce Act). We recommend €50–€500: the company looks more solid to banks and partners, and the capital is easier to split into shares if a second owner joins.
Want a ready-made .docx template?
We send it (in Bulgarian, with a completion guide) by email within the business day, free of charge.
Sources
Commerce Act, Art. 115, Art. 141(3) and (8), Art. 147. Verified 28 September 2026.
Important
This template is an example and is not legal advice; check it against your own situation before signing. Get individual advice for specific cases (in-kind contributions, multiple managers, a licensed scope of business). The document that gets filed with Bulgarian institutions must be in Bulgarian; we prepare the actual Bulgarian-language articles of association for you.