Bulgaria
BULGARIA

Employer of Record

EMPLOYER OF RECORD

Employ is a trusted provider of Employer of Record (EOR) 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 2021

90 BILLION USD

expected GDP in 2023

Bulgaria 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 month

WORK HOURS

40 hours per week

OVERTIME RATE

150% of the normal rate

PROBATIONARY PERIOD

up to 6 months

ANNUAL LEAVE CREDITS

20 days

MATERNITY LEAVE

410 days

PATERNITY LEAVE

15 days

SICK 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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