Bulgaria Local Employment Solution
| Capital | Sofia |
|---|---|
| Population | About 7.4 million |
| Language | Official language: Bulgarian |
| Time Zone | GMT +2 (Summer GMT + 3) |
|---|---|
| Currency | 1 Bulgarian Lev (BGN) = 100 stotinki |
* Click here for the latest rate of exchange.
No Entry Visa for EU/EFTA nationals. Only need a valid passport or ID card.
Residence Certificate required for EU/EFTA nationals intending to stay more than three months. Issued by Bulgarian Immigration Office.
Click here for latest IATA travel requirements for Bulgaria.
No Work Permit for EU/EFTA nationals.
Tax and Social Security Registration: mandatory single NRA (National Revenue Agency) number as a proof for tax and social security registration for foreign national intending to work in Bulgaria.
Non Residents working in Bulgaria for less than 183 days in a previous financial year are liable only for their Bulgarian income.
Residents working in the country for 183 days or more are liable for their income worldwide.
Tax Rates
Flat 10% rate.
Obligatory Bulgarian Social Security:
Employer contributions: 18.1% of gross salary;
Employee contributions: up to 12.9% of gross salary
The maximum salary threshold is 2,600 BGN / month
81%
The income retention depends amongst others on where dividends are paid, duration of the assignment, contract rate, marital status and taxation and social security agreements between Bulgaria and the foreign nationals' country.
Please contact Access Financial for more information.Tel: CH +41 22 365 4620 | UK +44 7017 3110 | CYP +357 25 820 640
E-mail: info@accessfinancial.com