Solutions for your business in Bulgaria
We provide HR, employment, and payroll solutions to support your business expansion in Bulgaria.
Employer of Record in Bulgaria
For overseas companies looking to enter in the Bulgarian market but are not willing to have a legal presence, we can help by hiring their staff in Bulgaria without having a legal presence. We provide the services by collaborating with their local partners in Bulgaria. So, there will be no headache to think about managing the administration and other HR aspects of the employer.
Our service includes:
- The hiring and termination of employees/local labor contracts (contract administration – checking right to work legally in Bulgaria, service contract (including position, start date, place of work, etc), relieving letter if necessary)
- On-boarding and off-boarding employees following local law practice
- Complete payroll solution and statutory benefit administration like the social security (DOO), the health insurance (ZO), and the additional pension insurance with Universal Pension FUND (DZPO-UPF); as well as the related Personal Income-tax (PIT)
- Employee management – employee record retaining, timekeeping, bonus and allowance management, expenses and claims, and leave employee database management accordingly to the local law
- Mandatory contributions and statutory benefits policy updating on a regular basis according to the local laws
- Payment management, including invoicing customers/clients and salary payments and providing monthly payroll reconciliation reports
- Guidance regarding the application of the social security and labor legislation
- Foreigner VISA application, if needed
Payroll & Mandatory Benefits Outsourcing in Bulgaria
For the payroll services, we establish cooperation with the client’s company based on high mutual trust and maximum respect. We take full responsibility for most personnel administration activities.
Confidentiality of information related to our customers is key to us. Our understanding is that without the prior approval of our customers to us, we do not provide information about our customers to third parties.
- Registration and de-registration of the necessary company and personnel information like labor contracts and monthly salaries including sickness lists for payroll calculation in compliance with local rules
- Calculation of the payroll and all additions (accruals) of the monthly salaries, such as bonuses, overtime, additional medical, health, or pension insurances
- Calculation of all deductions from salary like loan repayments and disbursements, individual monthly installments to the medical insurance and pension funds, or any other statutory required deductions, etc
- Submission of social security obligations
- Pro-rata calculation for people who join/resign
- Providing a monthly payroll summary to the company
- Handling of the audits by NSSI (payroll and social security costs and the statutory reporting related)
- Preparation of letters to NSSI regarding any disputes, or the cases of rejected or prolonged compensations to the employees
- The monthly issue of electronic pay-slips