The Republic of Bulgaria is strategically placed in the rapidly-developing Central and Eastern Europe (CEE) economic bloc. Traditionally experienced in engineering, economics, medicine and science, the well-educated are generally flexible towards new trends. Bulgaria is ideally positioned for investment by international companies who have set their sights on the region’s economic potential. Using our EOR services in Bulgaria allows you to explore these chances without the complexities of setting up an entity and the need to go through the complex paperwork.
Alongside traditional sectors such as manufacturing and engineering, the Bulgarian economy has advanced through the development of Information and Communications Technology (ICT), food production, tourism, energy production and pharmaceuticals. Bulgaria’s increasing role in European and global affairs is reflected in memberships of the European Union (EU), the International Monetary Fund (IMF), the United Nations, the World Bank and the World Trade Organisation.
An EOR can provide companies that want to expand into Bulgaria with our global entity network. We would become your international employees’ Employer of Record whilst they are working remotely. This means that we take full responsibility for the employees’:
Whilst all of this is taken care of by us, you will control the employees’ day-to-day tasks and activities. We take full legal responsibility for employing and paying your international employees in Bulgaria. Our team of HR, payroll and international legal experts can set up an EOR within days, not months.
The EOR is the legal employer of your new workforce. Our agency in Bulgaria will legally hire your selected employees while you are responsible for day-to-day activities. At Bradford Jacobs, we currently operate in over a hundred countries where we use local networks of experts. This allows us to gain expert knowledge of local laws and regulations and recruitment customs and trends. By partnering with us as an EOR, your company will also have access to this specialist knowledge.
Our contract with your employee is 100% compliant with Bulgarian labour laws and includes benefits such as insurance and pensions. We can hire, onboard, and manage your new employees in Bulgaria within days.
Here is what we can do for you:
The most significant benefit of using an EOR is probably that there is no necessity for you to set up an entity in Bulgaria. This process can take months, and during this period, it is unlikely that you will have legal resources to pay your employees in Bulgaria, resulting in a considerable delay in your Global Expansion plans.
Global expansion is an exciting step that often leads to a growing and successful business, but the red tape in a new country can be demotivating and frustrating. Imagine a way to expand your business without red tape globally and at low costs: that is what working with an EOR can do for you. By letting us take care of the hard part, you can focus on the significant part: expanding your business into Bulgaria.
These are the aspects we can take away from you:
As an employer, you are usually responsible for all legal aspects regarding your employees’ employment. In a new country, this process will probably take some more effort, but it does not have to. We have extensive experience with Bulgarian payroll, taxes, and other local laws and regulations at Bradford Jacobs.
We can help you with the following:
Employees are the central core of your business. They keep the engine running; therefore, it is also essential to create a stable agreement that satisfies both employer and employee. As a legal employer, the EOR is responsible for keeping employees happy with the work agreement. Due to our broad network and experts, we can offer employees great benefits and a reliable, compliant employment contract.
We will make sure they enjoy the following:
Working with contractors on a project- or temporary basis can provide an excellent solution during your global expansion. At Bradford Jacobs, we have access to a vast pool of international contractors and can find you the perfect fit for your project or expansion. Since it is not allowed for a contractor to work full-time for you solely, we can always set up an EOR when necessary, providing you with a swift solution for your international workforce.
Feel free to share your plans and dreams with us so that we can find the perfect solution and provide a compliant working agreement that suits everyone.