Employer of Record Bulgaria

Think of it like this: Agility EOR becomes the legal employer of your employees, taking care of all the paperwork and compliance headaches.

Agility EOR

• We manage the onboarding process and ensure everything’s in order before your employee starts
• We make sure your employees are treated fairly and compliantly in their relevant territory
• We take care of all HR matters, and can answer any and all HR queries you may have e.g. maternity/paternity leave, holidays, sick pay, and more
• We provide compliant contracts, process local payroll, and file taxes
• We issue payslips and handle payments to the employee and authorities

Your Company

• You find and manage your employees’ daily tasks
• You support their development through their work
• You follow our guidance on employment laws and best practices
• You ensure payroll bills are paid to Agility EOR on time

Benefits of using an Employer of Record (EOR)

• Faster and easier hiring: No need to set up your own legal entity.
• Reduced risk and compliance burden: We handle the legal and administrative complexities.
• More time and resources: Focus on your core business while we manage your employees.

There are various ways to employ people in Bulgaria, each with differing levels of costs and compliance:

Employee is employed by you and paid by you from your overseas Company

• Pros: This option seems to be the most cost-effective and practical.
• Cons: However, it does not include the necessary social security payments, and the employee will have to abide by Bulgarian labour regulations.

Entity Set-up

• Pros: This choice could be the most budget-friendly option for hiring many staff, usually more than 15.
• Cons: Setting up a legal business entity and adhering to Bulgaria’s employment and tax laws can be a major expense and time-consuming task, particularly for smaller ventures. This method often proves unfeasible for companies with fewer than 15 employees.

Using an Employer of Record

• Pros: Employing an Employer of Record service in Bulgaria is the top choice for efficiently handling payroll, HR, and compliance duties, especially for forming employer-employee connections with teams of less than 15 members.
• Cons: It can be expensive when hiring a significant amount of employees. Selecting the right Employer of Record provider may pose a challenge.

Hire a contractor in Brazil

• Pros: This option is budget-friendly if the employee is not tied exclusively to your business and can easily arrange for a replacement on days off.
• Cons: Hiring a full-time employee who is solely committed to your company without the correct employment status is considered illegal in Bulgaria. Consequences for this misclassification can vary from fines to facing criminal charges.

Absolutely, if the worker is free to work for multiple companies, has autonomy in their work, and can send a replacement when needed, they should be considered an independent contractor.

In Bulgaria, it’s crucial to correctly classify workers to avoid legal consequences such as fines, unpaid benefits, and potential lawsuits for violating employment laws.

Setting up your business in Bulgaria starts with registering it with the Commercial Register and getting a trade license from the appropriate authorities. Although the registration process may seem straightforward, setting up a physical office for tax purposes, opening a Bulgarian bank account (usually requiring a personal visit), using payroll software that complies with Bulgarian laws, and meeting tax filing requirements can make the setup more complex.

Hiring people in Bulgaria means adhering to specific legal obligations is crucial for HR compliance. It ensures that your company follows all employment and work practice regulations diligently.

But why is it so vital? HR compliance in Bulgaria is more than just ticking boxes; it protects both your employees and your business. By adhering to employment regulations, you guarantee fair treatment for your workforce, covering areas such as sick leave, annual leave, minimum wage, and suitable working hours.

This not only promotes a healthy work atmosphere but also reduces the chances of facing financial penalties, legal consequences, and potential lawsuits due to non-compliance.

By teaming up with Agility EOR as your Employer of Record in Bulgaria, you can streamline your tax and social security responsibilities. We take care of all the necessary paperwork and payments for your employees, guaranteeing full adherence to regulations. This way, you can concentrate on growing your business without any worries.

While Agility EOR takes care of the intricacies of Bulgarian employment regulations, your company is still in charge of overseeing your team’s daily operations and maintaining open communication to foster a positive work environment.

Agility EOR handles the legal side of things in Bulgaria, so you can focus on managing your team and their daily tasks.

Bulgarian employers and employees are both subject to taxation. Employers must contribute to the national social security institute, which includes funding for the mandatory state pension fund and national health insurance fund.

Workers employed by a Bulgarian Employer of Record are entitled to legal safeguards and are provided with a regular employment agreement. This encompasses mandatory perks such as maternity leave, vacation time, and sick pay, as well as relevant tax breaks. It’s crucial to highlight that the public healthcare system in Bulgaria offers coverage to all citizens, not just to workers.

Agility EOR takes care of your HR compliance headache:

• Agility EOR, work closely with top Bulgaria employment lawyers and advisors to guarantee that your employment contracts and other important documents fully comply with local legal requirements.
• With our in-depth knowledge of Bulgaria employment law, including payroll, social security, data privacy, notice periods, and remote work regulations, we ensure that every aspect is thoroughly understood.
• In the event of any issues, our internal team is always ready to provide swift assistance and support.