Contractors in Bulgaria can be set up as Employees.
Tax year – the tax year is the calendar year for individuals.
Immigration – nationals of the EU, EEA and Switzerland are required to apply for a Visa D and a subsequent residence permit before the Visa D expires. The application for a Visa D can take 35-60 working days. UK and Non-EU nationals will also require a work permit.
Workr Fees – €575 per month plus €350 set up fee.
Registration – a Bulgarian residence and ID card will be applied for, Workr will assist with this process.
Contract – a standard Bulgarian employment contract will be issued to the candidate.
Employers social security – contributions are 19.62% of the gross salary with no income ceiling.
Employees social security – contributions are 13.78% applied to gross income.
Tax – income tax is a flat rate of 10%.
Benefits – holiday entitlement is 20 days per year after 8 months of employment.
Sick leave is payable after 6 months of employment. The employer pays the first 3 days at 70% of normal pay, after which the state pays at 80% of normal pay.
30 days notice from either side is standard.
There is a minimum wage in Bulgaria of BGN650 per month.