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 | the signatures of both parties are notarized under Art. 129(2) of the Commerce Act |
| 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. Hristo Ivanov, 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. Hristo Ivanov, 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 parties' signatures are notarized and is subject to entry in the Commercial Register.
Notarial certification of signatures, 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 signatures of the transferor and the acquirer must be notarized for the transfer to take legal effect.
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. Verified 4 September 2026.
Important
This template is general in nature. The full procedure, declarations, and pricing are covered in transfer of shares.