hire in Bulgaria

Hiring in Bulgaria has never been easier. We take care of the administrative complexities so you can focus on your business.

Bulgaria

WhY BULGARIA?

EU Membership: Bulgaria aligns its local legislation with the EU, ensuring a familiar and stable regulatory environment.

Skilled People: Bulgaria boasts well-educated and highly skilled professionals, particularly in technical, financial, and language domains.

English Proficiency: Enjoy seamless communication as English fluency is widespread among the younger generation

Low Corporate Tax: Benefit from a competitive corporate tax rate of just 10%, maximizing your financial efficiency.

Growing Economy: Bulgaria’s economy is on an upward trajectory, marked by innovation and a thriving startup ecosystem, making it an attractive hub for tech and entrepreneurship investment.

HOW WE WILL ADD VALUE

We understand people and will partner with you in attracting, hiring, onboarding, developing, empowering, and retaining your most valuable assets: your employees.

MARKET ENTRY SERVICES

Navigating the complexities of entering the Bulgarian market is a breeze with our expert support. From initial entity registration to establishing your first office, we’ve got you covered.

Payroll services

Our comprehensive Payroll Services ensure accurate, compliant, and hassle-free payroll management for your Bulgarian employees. We take care of payroll calculations, reporting, employment contracts, amendments, time-off/absence tracking, HRIS updates, and much more.

Employer of Record (EOR)

Our Employer of Record (EOR) services are designed to simplify the process of hiring and paying your Bulgarian employees while handling all the formal employment tasks. This enables you to engage with talent in Bulgaria legally and efficiently without the burden of administrative tasks.

Market Entry Services

HOW CAN WE ASSIST YOU?

Company Registration: We simplify the process, ensuring your business is legally established.

Market Research: Gain a deep understanding of the Bulgarian market, including market overview, potential analysis, competitive intelligence, industry reports, and business opportunities identification.

Office Selection: Find the perfect business location with our guidance.

Authorities and Vendors Liaison: We facilitate essential contacts with authorities, local partners, and networks to smooth your entry.

Business Support: Benefit from assistance in business negotiations, translation and interpretation services, and efficient business trip organization.

Payroll Services

HOW CAN WE ASSIST YOU?

PAYROLL & ADMINISTRATION

Employment Documentation: Preparation of all employment documents required by Bulgarian legislation.

Absence Management: Efficient handling of paid annual leave, vacations, sick leaves, maternity and paternity leaves, and more.

Work Schedules: Management of regular hours, summarized working hours, on-call shifts, night shifts, and related calculations.

Variables and Bonuses: Precise calculations of variables and bonuses.

Tax and Contributions: Accurate calculations of social security charges/contributions and income tax.

Pay Slips and Reports: Generation of pay slips, payroll reports, and in-depth analysis.

Benefits: Administration of social benefits such as food vouchers, sports cards, and additional health insurance, in line with your company’s policy.

HEALTH AND SAFETY ASSISTANCE*

Occupational Health and Safety: Acting as the point of contact for the Occupational Health and Safety Consultant (OHSC).

Compliance Management: Ensuring compliance by managing the partnership with the OHSC.

Documentation and Processes: Preparation of all necessary documentation and implementation of required processes and procedures, whether your employees work from the office or remotely.

According to the Bulgarian legislation, every legal entity with at least 1 employee is obliged to have a contract with a Licensed Occupational Health and Safety Consultant, which charges with their monthly fees.

HOW MUCH DOES IT COST?

ESSENTIAL

Starting at

€ 39/ month

per employee

Payroll & Administration

Health & Safety Assisstance

Enhanced

Starting at

€ 49/ month

per employee

Payroll & Administration

Health & Safety Assisstance

Employer of Record (EOR)

What Is an Employer of Record?

An employer of record (EOR) is an entity that legally employs people on behalf of another business. An EOR takes full responsibility for all aspects of employment including compliance, payroll, taxes, and benefits. 
EOR services can be helpful when dealing with payroll tasks and employment laws for employees in different countries. The employer of record keeps updated on the local laws so you don’t have to worry about complying with laws in multiple places.
Employer of Record

WHEN SHOULD YOU USE EOR?

When You Want to Hire in Bulgaria: If your company is prepared to bring on a new employee in Bulgaria but doesn’t want to establish a legal entity.
For Administrative Ease: When you need expert assistance to handle employment contracts, payroll, legal compliance, tax obligations under the local tax regime, state reporting, and more.
When You Need Scalable Solution: When you’re looking for a scalable and flexible solution to seamlessly manage your Bulgarian workforce.
When You Seek Cost Efficiency: The cost of using an EOR is far less than the cost of setting up an entity in Bulgaria. 

HOW COULD OUR EOR service BRING VALUE FOR YOUR COMPANY?

Payroll

Employment Contracts: Handling the creation, registration, and maintenance of employment contracts, ensuring they comply with local employment laws and regulations.

Salary Payments: Managing payroll processes, including salary payments, tax deductions, social security contributions, and other statutory deductions compliant with local regulations

Benefits Administration: Handling employee benefits such as healthcare, insurance, food vouchers, and other perks as required by local laws or employment contracts. (The cost of the benefits is not included.)

Tax Compliance: Ensuring accurate tax withholding and remittance to government authorities in compliance with local employment tax laws.

i

Documentation and Reporting

Records Maintaining: Keeping comprehensive records of employee data, contracts, payroll information, and other employment-related documentation.

Employment Documentation: Preparing and maintaining all necessary employment-related documents, including contracts, amendments, and certificates, to support organizational needs.

Audits and Compliance Checks: Facilitating audits and document checks as required by local authorities or client company policies.

Reporting Obligations: Filling necessary tax reports, employee-related documents, and statutory filings required by local authorities.

Compliance

Employment Obligations: Ensuring adherence to statutory requirements such as minimum wage laws, working hours, leave entitlements, and other employment-related regulations.

Employment Law Compliance: Ensuring compliance with employment laws related to working conditions, termination procedures, and employee rights.

Liability and Risk Mitigation: Assuming legal liabilities and risks associated with employment relationships, thereby safeguarding the Client company from potential legal issues or claims.

People Success

Onboarding and Offboarding: Managing the onboarding process for new employees and handling the termination process when employees leave the company, adhering to local regulations.

Employee Relations: Addressing employee queries, concerns, and grievances, maintaining healthy employee-employer relationships.

Legal and People Consultation: Providing guidance and expertise on employment laws, market practices, and People strategies in the local context.

Policy Guidance: Advising the company on best practices and policies to ensure compliance and efficient workforce management.

HOW MUCH DOES IT COST?

Essential

Hire and pay people in Bulgaria

Starting at

€ 575 / month

per employee

Payroll

Documentation & Reporting

Compliance

People Success

ENHANCED

Hire, pay, and empower people

Starting at

€ 1575/ month

per employee up to 20 employees

Payroll

Documentation & Reporting

Compliance

People Success

HOW DOES IT WORK?

Here’s an example of our potential collaboration. However, we understand that each company is unique, and we’ll customize a process that aligns with your specific requirements.

Onboarding

Service Contract: We will sign an agreement that outlines the terms and conditions of the service, including the scope of services, fees, and responsibilities of each party.

Employment Contracts: As soon as a candidate accepts your job offer, we will initiate the legally required process and become their legal employer.

Payment & compliance

Payments: We will be responsible for monthly payment of the employees, including withholding and remitting taxes, social security contributions, and other statutory deductions. 

Legal  Compliance: We ensure that the employees are in compliance with all local employment laws and regulations. We also handle any legal or regulatory issues that may arise.

RULES OF ENGAGEMENT

Dedicated Lead: You’ll have a dedicated Lead, your single point of contact, to cater to your needs and those of your employees.

Fully Remote: The dedicated Lead will work with your people fully remote. Visits to your office or during team-building activities should be planned in advanced.

Integrated Team Member: Your dedicated Lead becomes an integral part of your team, acquiring a deep understanding of your company and its employees.

Responsive Service:  Expect swift responses, similar to your internal employees:

Chat: We guarantee responses within 2 hours during standard working days.

Emails: We guarantee responses within 24 hours during standard working days.

Urgent Situations: In urgent cases, you can reach out via phone.

Meeting Availability: We’re available for meetings within standard working hours, subject to calendar availability. While we accommodate urgent meetings, we anticipate a standard business notice of 24-48 hours.

No Hour Counting: Our priority is delivering value, not counting hours.

Outcome-Focused: We are committed to achieving meaningful outcomes, not tethered to specific working hours or billing based on time.

No Additional Costs: You won’t incur extra expenses such as social charges, taxes, benefits, etc.

Simplified Administration: You won’t be burdened with additional administration or compliance responsibilities.

No Setup/Onboarding Fees: There are no setup or onboarding fees involved.

People Success Team

Let us be part of your success story

We invite you to get in touch with us and let us be your partners in achieving your business goals. Your success story is waiting to be written, and we’re here to help you craft it.

Name(Required)
By clicking submit below, you consent to allow People Success Team to store and process the personal information submitted above to provide you with the content requested and I acknowledge that I have read and agree to Terms & Conditions and Privacy Policy.
People Success Team is committed to protecting and respecting your privacy, and we’ll only use your personal information to administer your account and to provide the products and services you requested from us. From time to time, we would like to contact you about our products and services, as well as other content that may be of interest to you.
This field is for validation purposes and should be left unchanged.

Not sure what you need?