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A variable capital company may be managed by one or more managers or by a Board of Directors (BoD). The Board of Directors, as a key corporate body, plays a central role in the company’s operation. In this article, we review the main aspects of the Board of Directors—what it is, who may...

We begin the new year 2026 with one of the most important topics concerning Variable Capital Companies (VCCs). No, this is not the adoption of the euro, but rather the Shareholders Book – one of the key elements of the legal framework governing VCCs. This article examines the nature, significa...

When we think about starting a new company in Bulgaria, the first options that usually come to mind are the registration of EOOD (sole-owned limited liability company) or OOD (limited liability company). This legal form has existed in Bulgarian legislation since 1993 and until recently was considere...

  Black Friday at DPK.bg! And this time, it brings not just discounts, but a real opportunity to take your ideas to the next level. From November 28 to 30, DPK.bg offers you a % discount on the registration of a Variable Capital Company (VCC). If you’re planning to start a new...

When a variable capital company is owned by several partners, the main body of the VCC is a general meeting of partners/shareholders (GM). Partners can be Bulgarian individuals or legal entities, as well as foreign citizens or companies. The convening of a general meeting can happen in several ways...

We have already discussed how a Variable Capital Company (VCC) is established and managed. The VCC is a new type of legal entity characterised by its variable capital. The capital amount is not subject to registration in the Bulgarian Commercial register. The VCC offers vast opportunities to its fou...

On July 8, 2025, the Council of the European Union made a Decision on the adoption by Bulgaria of the euro. According to this decision, our country fulfils the necessary conditions for the adoption of the single European currency. Bulgaria will use the euro from January 1, 2026. From this date, the...

In today’s issue of Capital Cities, dedicated to Varna and Shumen, you can read more about DPK.bg – our legal platform for fully online management of Variable Capital Companies (VCC).   What will you learn? In the article, you will find out more about: What is a Varia...

On Wednesday, June 11, 2025, we held a free webinar in Bulgarian on the topic: "Variable Capital Companies – the new legal form with high added value for the business". The webinar was organized in collaboration with our partners from APIS and attracted a total of 360 registered part...

In today's rapidly evolving world, both small and large companies are struggling to attract and retain employees with good skills and abilities. However, employees often leave their employers because the conditions they offer are not good enough. On the other hand, employers are unable to contin...

If you are wondering why you should set up a VCC (variable capital company) rather than the standard limited liability company (LLC), this article is for you.   Similarities between LLC and VCC Let's start with the similarities between the two companies. Both LLC and VCC can...

VCC or 'variable capital company' is the new type of legal entity in Bulgaria. The regulatory framework for the VCC entered into force in February 2024 and the de facto possibility for its creation was created by the Commercial Register in December 2024.   Who can establish a VCC?...

In 2023, Bulgaria introduced a new legal form of company: the Variable Capital Company (VCC). Designed to be more flexible, digital-friendly, and transparent, the VCC is quickly becoming the preferred choice for founders. Many existing business owners with LLCs are now considering converting thei...