PEO SERVICES IN BULGARIA

Our PEO Services in Bulgaria can help you make your expansion there hassle-free and cost-effective, enabling you to start your Bulgarian business in days. Bulgaria offers many business opportunities with a highly-qualified and talented workforce, multifaceted employment and tax laws, a developing infrastructure network linking to the rest of Europe, and leading sectors in mining, industry, agriculture, and tourism. 

Why choose a PEO when expanding into Bulgaria?

A Professional Employer Organisation offers you a launchpad for Global Expansion. Using our PEO services in Bulgaria means there is no need to set up a legal entity, including all tax registrations and complicated paperwork. You can start doing business within days. At Bradford Jacobs, we aimed to gain expert inside knowledge on Bulgarian payroll, taxes, labour laws, and other local regulations. We can provide specific support for payroll, taxation, Human Resources, and compliance issues as you expand your operations and enforce your workforce. By utilising our sources, you can start your Global Expansion hassle-free and at a low cost.

If you are ready to start your global success with us, you can add new international talent to your company within days. We have the connections and network to locate talents that meet your needs and wishes on all levels. Without creating a Bulgarian subsidiary, your new employee can benefit your business in Bulgaria in days instead of months. We ensure your company complies with all regulations and laws, areas to which you can incur severe penalties would you fail to adhere. Your chosen candidate is hired through our agencies in Bulgaria and remains under your control.

How does a Professional Employer Organisation work in Bulgaria?

Your business is not like any other, and we get that. Your international plans require solutions that match these plans, your goals, and your business strategy. Therefore, our PEO services provide a consultative approach and a tailor-made solution because we know one size does not fit all.

A PEO works with Employer of Record (EOR) agencies. This agency can function as the employer of your new workforce. Our EOR agencies in Bulgaria enable you to operate staff in-country without worrying about HR (Human Resources) services, tax, payroll, hiring, firing, or adapting to changes in local regulations and employment laws. The EOR will take on these tasks and will be fully responsible.

When you hire us as a PEO, we agree and establish a contract between you and Bradford Jacobs. We also agree with your new employee in Bulgaria and signed an employment contract with this person. Your new workforce’s daily workflow and tasks will be under your guidance. Although we function as your employee’s legal employer, they perform duties for your business as a part of your team.

  • You want to deploy an existing employee or recruit new talent in Bulgaria
  • Once the candidate is selected, Bradford Jacobs steps in as their EOR through our Bulgarian entity. We guarantee compliance with employment contracts, payroll, HR, tax, required visas or work permits
  • Within a few days, your company will have an international presence in a new market, in a prime position without the risks, hassle, or expenses of setting up your subsidiary
  • You will control the employee daily while we manage all work-related registration formalities. Our consultants inform your employee about their holidays, benefits, and entitlements policies
  • All approved declarations and completed timesheets are sent to us by the employee. We will invoice you, and once the payment is completed, we will deduct all contributions from the authorities and transfer the balance into the employee’s account.

What are the benefits of using PEO services in Bulgaria?

When expanding your business into Bulgaria, there are many opportunities to seek and explore. With us as your trusted partner, you can solely focus on these opportunities without worrying about the following:

  • Registering with the Tax Office
  • Registering with the Social Security
  • Setting up a bank account
  • Creating employment contracts
  • Applying for special expatriation status (if applicable)
  • Calculating monthly salary and producing payslips
  • Researching available tax-free allowances
  • Submitting wage tax returns and national insurance forms
  • Corresponding with involved parties
  • Annual accounts, administration, and year-end statements
  • Creating payment schedules for wages tax, national insurance, and net wages
  • Personal income tax returns

Our PEO and EOR employment solutions enable you to create and maintain your mobile workforce legally and officially employed in Bulgaria without establishing a legal entity in-country. No expensive, time-consuming processes with the risk of not complying with foreign laws and regulations, but an efficient, fast, and stress-free alternative to conquer new markets.

You select your candidates, and we do the rest. We provide:  

  • Customised solutions for all nationalities moving to work in Bulgaria
  • Local specialists providing you with ongoing business support
  • Extensive EOR expertise ensuring that your employees benefit from any treaties on expatriate tax, double taxation treaties, reclaimable expenses, or social security agreements
  • Employees can use their accountant and cover the fees to the level our accountant charges.
  • One-to-one contact with our consultants

Benefits for Employers when using PEO services in Bulgaria

  • A rapid solution to onboarding employees for your international expansion
  • Total control over operating budgets as all costs are detailed at outset for full transparency
  • Minimal paperwork or red tape. Since you do not need to set up an entity, you can start operating in Bulgaria within days
  • Expert guidance with employment and compliance issues
  • Reduced accountancy and legal costs
  • Statutory professional insurance

Benefits for Employees when using PEO services in Bulgaria

  • Worry-free local employment contract compliant with local regulations
  • On-time and 100% accurate salary payment
  • Great benefits
  • One-to-one professional HR advice
  • Updates on tax and compliance regulations

LOOKING TO EXPAND INTO BULGARIA?

For more information, download our free guide or get in touch with our consultants here