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Employer of Record in Bulgaria
EOR BULGARIA
Employer of Record
EMPLOYER OF RECORD
Employ is a trusted provider of Employer of Record in Bulgaria solutions for businesses looking to expand in the Asia Pacific, Africa, Europe, and America, covering end-to-end employment services for the remote workforce. We specialize in Outsourced Payroll Services, Remote Staffing, and Visa Services. In addition, we bring a centralized approach to HR management, Payroll & Benefits, and Legal Compliance wherever your staff may be.
6.9 MILLION
total population in 202190 BILLION USD
expected GDP in 2023Bulgaria has its rich past and national traditions. The country has seen a tremendous shift from a highly controlled, planned economy to an open, market-based, upper-middle-income country firmly rooted in the European Union (EU). It provides a competent workforce and cost-effective manufacturing and transportation expenses due to its fast-growing economy. Bulgaria’s GDP is projected to trend around 84.32 USD Billion in 2022.
PUBLIC HOLIDAYS:19
- New Year’s Day - January 1
- Day of Trifon - February 14
- Baba Marta - March 1
- Day of Liberation from Ottoman yoke - March 3
- International Women's Day - March 8
- Day of humor - April 1
- Easter Sunday - varies
- Labor Day - May 1
- Day of Sts Constantine and Helena - May 21
- Day of the Bulgarian Army and courage - May 6
- Day of Bulgarian Culture and Slavonic Literature - May 24
- Children's Day - June 1
- Memorial Day for the freedom of Bulgaria - June 2
- Feast of St. Ivan Rilski - August 18
- Unification Day - September 6
- Independence Day - September 22
- Day of People's adherents - November 1
- Christmas Eve December 24
- Christmas Day - December 25
SOCIAL SECURITY AND TAXATION
National Social Security Fund Employer Contributions Social Security: 13.72% Health Insurance: 4.80% Accident at Work & Occupational Illness Fund: 0.40% - 1.10% Income Tax Rate: 10%MINIMUM WAGE
332.3 Euros per monthWORK HOURS
40 hours per weekOVERTIME RATE
150% of the normal ratePROBATIONARY PERIOD
up to 6 monthsANNUAL LEAVE CREDITS
20 daysMATERNITY LEAVE
410 daysPATERNITY LEAVE
15 daysSICK LEAVE
3 days (paid)BONUSES
not required (upon the discretion of the employer)*Info is not binding, may vary, and is provided only as an indication.
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