--- title: "Variable Capital Company in Bulgaria – Advantages and Convenience for Business" url: "https://fiscala.eu/en/blog/386-variable-capital-company-in-bulgaria-advantages-and-convenience-for-business" language: "en" description: "*ДПК (DPK) in BulgarianWhat is a Variable Capital Company (VCC)?Bulgarian entrepreneurs can now register the new type of companies - a company with variable" --- - [Home](https://fiscala.eu/en) - [Blog](https://fiscala.eu/en/blog) - Variable Capital Company in Bulgaria – Advantages and Convenience for Business # Variable Capital Company in Bulgaria – Advantages and Convenience for Business [Accounting](https://fiscala.eu/en/blog?category=18) [Business](https://fiscala.eu/en/blog?category=29) 17 September 2025 ![Variable Capital Company in Bulgaria – Advantages and Convenience for Business](https://fiscala.eu/images/cover-386-856x550.webp?v=1348f696) ## ***ДПК (DPK) in Bulgarian** ## **What is a Variable Capital Company (VCC)?** Bulgarian entrepreneurs can now register the new type of companies - a **company with variable capital (VCC).**In terms of its characteristics, it is a mix between a JSC and an LLC (you can learn more about the different types of companies in our article - ["Choosing the Right Business Entity in Bulgaria".](https://fiscala.eu/en/blog/323-choosing-the-right-business-entity-in-bulgaria) The main goal of the VCC is to facilitate small and medium-size enterprises, startups and investors looking for a more dynamic and convenient structure. Unlike an LLC, a VCC can be managed by a manager or by a management board, and the capital can be increased and decreased without a Commercial Register filing. Of course, there are some restrictions - a VCC can only be an enterprise that has an average number of employees of less than 50 people and an annual turnover and/or value of assets that does not exceed €2,045,167.52 (the equivalent of BGN 4,000,000). *The amount is converted at the official rate of BGN 1.95583 to €1 ([Act on the Introduction of the Euro in Bulgaria, Art. 12–13](https://lex.bg/bg/laws/ldoc/2137244903)).* ## **Main characteristics of the VCC according to the Commerce Act** 1. **Simplicity of the capital structure** – With a VCC, a specific amount of capital is not required to be entered in the Commercial Register. This allows for easy increase or decrease of capital without additional administrative procedures. 2. **Easy admission and termination of shareholders** – New partners can enter or leave without changing the constituent act and without being entered in the Commercial Register. 3. **Minimum capital** – The law does not require a minimum capital. 4. **Liability** – As with an LLC, the partners have limited liability up to the amount of their share contributions. ## **Advantages of the VCC for business in Bulgaria** - **Flexibility in investments** – Startups and growing companies can easily attract new investors without going through heavy legal and registration changes. - **Low administrative burden** – There is no need to enter changes in capital movements every time, which saves time and costs. - **Better access to finance** – Investors are more likely to participate when they can easily get in and out of the company structure. - **A modern approach** – the VCC brings Bulgaria closer to European practices, where similar forms already exist and are successfully used by entrepreneurs. - **Business stability** – Despite the dynamics, the VCC offers legal certainty and protection for the partners through the framework of the Commercial Law. ## **Who is the VCC suitable for?** - **Startups**looking for rapid growth and frequent change in ownership structure. - **Small and medium-sized enterprises** that want to facilitate the process of accepting new partners. - **Investors and funds** who want flexible rules for entering and exiting business. **Conclusion** The introduction of **variable capital companies in Bulgaria** is a significant step towards the modernization of Bulgarian commercial law. 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