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Bulgaria Local Employment Solution

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

Access Services

Employment through an Access Financial local partner to work for the Bulgarian end client.
Payroll with monthly salary and payslips showing all due contributions.
Application of local allowable deductions and credits and of international taxation and social security treaties. Withholding of due tax, social security, pension and all other work-related contributions and payment to the relevant authorities.
Contract-End and Year-end returns
De-registrations
Optional provision of additional insurances and policies to comply with additional statutory or voluntary work-related requirements.

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