Company Amendments in Varna
Introduction
Filing amendments with the Commercial Register is mandatory whenever company details change β address, manager, capital, name or business activity. In Varna this is done by submitting an A15 application to the Registry Agency.
The deadline is 7 days after the governing body adopts a resolution. Missing the deadline may result in administrative penalties.
Business Environment in Varna
Varna (approximately 340,000 residents) is the maritime capital of Bulgaria, with a developed tourism, logistics and IT sector. The city has over 40,000 registered companies, making it an active business centre.
Key Industries:
- Maritime Transport & Logistics
- Tourism & Hospitality
- IT Services
- Trade
Office Rents: Average office rents in Varna are β¬5β14/sq.m., which is competitive compared to other cities in the region.
Bank Branches: UBB, DSK Bank and UniCredit Bulbank have branches on Knyaz Boris I Blvd., Slivnitsa Blvd. and in the Primorski district.
Notary Offices: Notary offices are concentrated around Nezavisimost Square, Maria Louisa Blvd. and the Odesos district.
Types of Amendments
The most common amendments requiring an A15 filing are:
- Change of address β when relocating the registered office or management address in Varna
- Change of manager β appointing a new or releasing a current manager
- Change of capital β increase or decrease of the registered capital
- Change of name β availability must be checked in the CR before filing
- Change of business activity β expanding or narrowing the registered scope of activity
- EUR redenomination β mandatory for all companies by the end of the transition period
Procedure and Fees
Steps to file an amendment in Varna:
- Adoption of a resolution by the governing body (minutes or manager's resolution)
- Preparation of the A15 application and accompanying declarations
- Notarisation of specimen signature (if changing the manager)
- Filing with the Registry Agency β online with a QES or at the counter
| Filing Method | Government Fee | Processing Time |
|---|---|---|
| Electronic (QES) | β¬20.46 | 3 business days |
| On paper (counter) | β¬40.91 | 5 business days |