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How to Change the Name of Your Company
Whether you’re rebranding, entering new markets, or correcting a legal error, changing your company’s name is a big decision, and it must be handled with precision and compliance. Stay with us to learn more about how to change the name of your company in Bulgaria.
Why Change a Company Name?
There are several reasons why a business may want to change its name:
- Rebranding: Align your company name with new products, services, or strategic goals.
- Market Expansion: A new name may appeal more to international audiences or new sectors.
- Correcting Errors: Spelling mistakes or legal inaccuracies must be fixed to maintain credibility.
- Ownership or Structural Changes: A new direction often warrants a new identity.
Whatever your reason, it’s important to handle the process correctly according to Bulgarian law.
What You Need Before Starting
Before beginning the legal name change process, ensure the following prerequisites are met:
- Unique New Name: Your new name must be unique and not already registered in the Bulgarian Commercial Register. You can check name availability online via the Registry Agency.
- Internal Agreement: For an EOOD (sole-owner company), the owner decides. For an OOD (multi-owner company), a General Assembly resolution is required.
- Amended Corporate Documents: Update your company’s Articles of Association or founding documents to reflect the new name.
Step-by-Step Process to Change the Company Name
Step 1: Hold a Decision Meeting
Prepare an official decision for the name change:
- EOOD: The sole owner drafts and signs a formal decision.
- OOD: The General Assembly must hold a meeting and issue a protocol reflecting the decision.
Step 2: Amend the Articles of Association
The Articles of Association must be amended to include the company’s new name. This is a mandatory document when filing the name change with the authorities.
Step 3: Submit to the Bulgarian Commercial Register
All relevant documents must be submitted to the Registry Agency. This can be done online with an electronic signature or in person. The required documents include:
- The decision to change the name (protocol or owner’s resolution)
- Amended Articles of Association (with the new name)
- Standard declarations (e.g., U1, U2 forms)
- Proof of paid state fee (approximately BGN 30–40 depending on the method of filing)
Step 4: Wait for Official Approval
Once submitted, the Registry Agency typically reviews and processes applications within 3–5 working days. If there are no discrepancies, the new company name will be legally registered and visible in the Commercial Register.
Post-Approval: What to Update Next
Once the name change is officially approved, your work isn’t over yet. You must now update all internal and external business materials to reflect the new name:
- Company stamps, signs, website, and email footers
- Contracts, invoices, and legal documents
- Inform your accountant and partners
- Notify banks, the National Revenue Agency (NRA), and any licensing authorities
Failing to update this information can lead to miscommunication and even legal complications, so it’s essential to take this final step seriously.
How We Can Help
At ASB Accounting Services Bulgaria, we understand that administrative processes can be overwhelming. That’s why we offer full support for business changes, including company name updates. Our legal and accounting teams will:
- Ensure your documents are prepared correctly
- Assist with online submission and e-signature
- Handle communication with the Registry Agency
- Help update your accounting and tax registrations
Changing the name of your company in Bulgaria is a straightforward process when handled with the right support and attention to detail. Whether you’re rebranding or adjusting your business structure, it’s crucial to comply with Bulgarian regulations and update all necessary records promptly.
Need assistance? Contact ASB Accounting Services Bulgaria today — and let us manage the process for you, so you can focus on what matters most: growing your business.
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