Mandatory elements
This template covers only the agreement itself. The full transfer procedure — the general meeting resolution, declarations, an updated articles of association, and the Commercial Register entry — is described in transfer of shares.
| Element | What it contains |
|---|---|
| Transferor | full name and personal ID number of the partner selling the shares |
| Acquirer | full name/company name and personal ID number or UIC of the buyer of the shares |
| Number and nominal value of the shares | the exact number of shares transferred and their nominal value in euro |
| Agreed price | the amount for which the shares are transferred (may differ from the nominal value) |
| Notarization | notarial certification of the signatures and the content, carried out at the same time (Art. 129(2) of the Commerce Act); without this form the agreement is void |
| Commercial Register entry | the change in partners is subject to subsequent entry |
Example — completed agreement
The agreement actually filed and notarized is the Bulgarian-language договор (contract). This English version explains what each clause means so a non-Bulgarian-speaking partner understands what they are signing; we prepare the Bulgarian original for filing.
AGREEMENT
for the transfer of company shares
Today, [date], in [city], between: 1. [Full name], personal ID No. [personal ID number], hereinafter the TRANSFEROR, holding [number] company shares with a nominal value of [amount] euro each in the capital of "[Company name]" OOD, UIC (EIK) [EIK number], and 2. [Full name], personal ID No. [personal ID number], hereinafter the ACQUIRER, this agreement is concluded as follows:
Art. 1. The TRANSFEROR sells and the ACQUIRER buys [number] company shares with a total nominal value of [amount] euro against an agreed price of [amount] euro, payable upon signing this agreement.
Art. 2. The transfer takes effect from the date the signatures and the content of this agreement are notarially certified and is subject to entry in the Commercial Register.
Notarial certification of the signatures and the content, carried out at the same time: reg. No. [number]/[date], notary [name].
Frequently asked questions
Is notarization of the agreement mandatory?
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Yes. Under Art. 129(2) of the Commerce Act the agreement is concluded with notarial certification of both the signatures and the content, carried out at the same time, for both parties. This is a validity requirement: an agreement without it is void (Art. 26(2) of the Obligations and Contracts Act). Certifying the signatures alone is not enough.
Does the agreement have to be entered in the Commercial Register?
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Yes, the change in partners is subject to entry in the Commercial Register within 7 days of the date of the agreement.
Can only part of the shares be transferred?
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Yes, unless the articles of association expressly restrict partial transfers.
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Sources
Commerce Act, Art. 129; Obligations and Contracts Act, Art. 26(2). Verified 28 September 2026.
Important
This template is an example and is not legal advice; check it against your own situation before signing. The full procedure, declarations, and pricing are covered in transfer of shares.