Employer of Record in Bulgaria | Hire Worlwide Talent

Employer of Record in Bulgaria

Expanding to Bulgaria? EOR Services Help You Hire Globally, Pay Locally, Expand Effortlessly

By working with a high-quality Employer of Record in Bulgaria like INS Global, you can establish, hire, and grow while bypassing the complexities and expenses of global expansion 

PEO services in Bulgaria provide a secure, efficient, and cost-effective solution for accessing local expertise. INS Global offers PEO services in Bulgaria, enabling you to swiftly recruit and manage HR services for your in-country employees.  

By serving as the legal employer for your employees, our Employer of Record (EOR) in Bulgaria handles the intricacies of local employer responsibilities and ensures compliance. This streamlined process allows businesses to expand within 48 hours, providing a safe and cost-effective approach to global expansion in Bulgaria or 160+ other countries worldwide. 

Employer of Record in Bulgaria - Summary

Employer of Record in Bulgaria

Advantages Of Using A Professional Employer Organization

Legal Assurance

PEOs have the right local experience and knowledge to help meet even the most complex regulations. This ensures that youre compliant with every labor law, preventing costly fines and penalties.  

Save Money and Time

Working with a PEO allows you to outsource your HR and prevent costly fines and penalties when expanding internationally. The local expertise helps keep your business compliant while cutting through red tape and saving you from costly fines 

Grow Your Company Faster

PEOs allow you to outsource your payroll, recruitment, and contractor management with a simple and efficient solution in Bulgaria. EOR and PEO services empower your company to focus on growing your business abroad with a partner that understands the local market. 

Expand Efficiently

When you expand internationally with a PEO, you can reduce the time needed to launch in a new country. While starting a new entity abroad can typically take anywhere from 4 to 12 months, working with a PEO streamlines the process to just a few weeks. 

Manage Your HR Online

INS Global offers a streamlined, cloud-based solution that lets you control every aspect of your business online in one place. This platform allows you to manage a diverse, international workforce with ease. 

Why Choose A PEO in Bulgaria Over Company Incorporation?

Incorporating a company in a foreign country can be complicated, time-consuming, and expensive. On the other hand, working with a PEO comes with a range of benefits that helps you expand internationally with ease.  

Working with a PEO… 

  • Saves time 
  • Saves money 
  • Ensures legal compliance 
  • Leverages local experience 
testimonial from Manuel Ramos

Testimonial

Manuel Ramos

TERAO ASIA

Managing Director

We think INS Global is a good solution about starting in a market like China. Understanding the market doesn’t mean you need to set up a company immediately. 

5/5

How Does An EOR In Bulgaria Work?

INS Global’s Bulgarian EOR manages employee recruitment and management in four simple steps 

  1. We work with you to discuss your plans and create a strategy that best serves you. 
  2. Our organization provides a legal entity that helps you hire staff in Bulgaria.  
  3. We handle all HR-related tasks such as recruitment, employment contracts, and payroll to ensure legal compliance. 
  4. Your employees continue to work towards your goals while we handle HR. 

What's The Difference Between PEO And Employer of Record Services in Bulgaria?

When expanding into a new country, you may be considering working with a PEO (Professional Employment Organization) or an EOR (Employer of Record). Here’s a quick guide to the differences between these options.  

  • PEOs offer HR services to your company’s employees, handling tasks like payroll, tax deductions, and ensuring compliance with legal regulations. 
  • The comprehensive services of a PEO encompass various aspects of HR management. 
  • EORs, which function similarly to PEOs, go a step further by legally recruiting and hiring employees on your company’s behalf. 
  • In a PEO arrangement, the contract is established directly between your company and the employee. 
  • In an EOR arrangement, you direct the contract, but it is made between the EOR and the employee. 

Labor Law in Bulgaria - 2024

Employment Contracts in Bulgaria

  • Employment in Bulgaria should be accompanied by a written offer of employment. 
  • Employers may include a probation period of employment for the first 6 months 
  • Employers can terminate the employee without severance within or after the initial probation period. 
  • The employment contract should describe the nature of the contract. This could be fixed-term, temporary, part-time, remote, etc.  
  • An employer can end the contract early if the employee behaves in a way that goes against the initial employment contract 
  • A required notice period in Bulgaria is typically a minimum of 30 days, or 3 months for a fixed-term contract, with no nationally mandated required for severance pay in Bulgaria. 

Working Hours in Bulgaria

  • Bulgarian labor law states that the working week starts on Monday and ends on Friday. 
  • Full-time employees generally work a maximum of 8 hours per day, 40 hours per week. 
  • Overtime is allowed but at a higher hourly rate of 175%. 
  • During the working day, all employees are entitled to a short break. 

Annual Leave in Bulgaria

  • Bulgaria has 12 official national holidays when employees are entitled to a day off. 
  • Employees may be entitled to additional vacation days per year according to the employment agreement they signed. 
  • Employees that are eligible for holidays are generally entitled to receive their regular salary during that time off. This is typically 20 days per year. 
  • The scheduling of holidays is subject to the employer. 

Sick Leave in Bulgaria

  • Bulgarian labor law states that all full-time employees are entitled to sick leave if they are ill and can’t come in to work. 
  • The employer covers 70% of an employee’s wages for the first 3 days. 
  • Employees should notify their employers as soon as possible and provide a medical certificate as proof of illness.  
  • Sick leave is generally allocated per 24-month cycle 

Maternity / Paternity Leave in Bulgaria

  • Bulgarian labor law notes that female employees are entitled to a maximum maternity leave of 410 calendar days, one of the longest in the world. 
  • The start of maternity leave should be 45 days before the expected date of childbirth.  
  • After maternity leave, employees have the right to return to work in their previous position or an equivalent option. 
  • Male employees are also entitled to 15 consecutive days of paternity leave. This is generally taken after childbirth. 

Tax Laws in Bulgaria

  • Employers in Bulgaria are responsible for withholding taxes and any other social contributions from payroll.  
  • The average social contribution ranges from 24% to 25% of gross income. With around 14% payable by the employer and the remaining 10% by the employee. 
  • Income tax is a set at 10% of gross income regardless of income and whether you work in Bulgaria or abroad.  
  • Staff and individuals are responsible for reporting income and filing annual tax returns.  
  • The corporate income tax rate in Bulgaria is a flat 10%. 
Employer of Record in Bulgaria

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FAQs

No, it is necessary to use a local entity abroad to comply with each country labor law.

Foreign companies can either set up a local entity in each country or use the services a local PEO (Professional Employment Organization) to hire the staff on-site directly.

An Employer of Record is the legal entity thats responsible for staff hired in a specific country. You can make use of PEO services to help with administrative tasks such as payroll management, hiring, recruiting, and even tax compliance.  

An Employer of Record in Bulgaria can help with all kinds of HR-related tasks to ensure compliance for your workforce. This includes payroll management, tax compliance, employment contracts, social security deductions, and more. 

Starting a new company abroad can take anywhere from 4 to 12 months. However, you can hire staff and expand abroad in less than a month with the help of INS Globals PEO services.  

A PEO can help you save money by streamlining your entire expansion plan. While these services can range, INS Globals PEO comes with a monthly fee thats based on your employees salary. 

EORs are a safe, reliable, and efficient solution for businesses looking to expand into Bulgaria. EOR services speed up your expansion plans and help cut through red tape along the way. 

Salaries and payroll are usually processed monthly in Bulgaria. However, some employers prefer to pay staff weekly. Employers are responsible for deducting taxes and social security contributions from all employee payments.  

Recruiting top talent costs more than just paying a salary at the end of the month. While this is a challenge, working with a high-quality PEO can help you recruit and hire the best talent from anywhere in the world.  

Yes. An EOR in Bulgaria can recruit and hire staff from all around the country. They can also manage a diverse, international workforce on your behalf.  

All changes to employment contracts in Bulgaria have to be agreed upon by both parties. A PEO in Bulgaria will ensure that all employment contracts are compliant with local labor laws. 

Yes. Employers in Bulgaria are responsible for deducting payroll taxes and other social contributions from every paycheck 

While some PEOs may have minimums and maximums that you can employ abroad, INS Global caters to your specific needs. We work with you to help recruit and hire as many employees as you need for your expansion plans. 

The cost to fire an employee can vary depending on the reason for their termination. Severance pay may be required if the employee hasnt done anything wrong. 

Both in-person and remote work options are available in Bulgaria. This can help you save on office costs while setting up operations in the country. 

Yes! Our recruitment experts have decades of experience and can help find the right talent for your company. While international recruitment is usually complex, INS Global streamlines the process so that you can expand your business efficiently.  

There are 12 national holidays in Bulgaria, with employees getting the day off with pay. 

Employers in Bulgaria must navigate complicated labor and business regulations to stay compliant. This is why its always a great idea to partner with a local PEO in Bulgaria to help ensure that youre following all local laws and regulations.  

Yes! INS Global can help you streamline all your employment functions for both Bulgarian and foreign employees. You can control everything on a single cloud-based platform, making the entire process even easier to manage. 

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