Hiring in Bulgaria
After the fall of the iron curtain, Bulgaria emerged as one of Europe’s poorest nations, with creaking infrastructure, lacking development and poor social infrastructure. Fast forward 20 years and Bulgari is one of the fastest-growing European nations, a full EU member and a popular tourist destination thanks to the gorgeous beaches on its Black Sea coast and snowy mountains that provide Southern Europe’s best skiing.
Bulgaria’s economy is largely similar to other post-Soviet nations in the Balkans and Baltics. Foreign investment has kick started industry and Bulgaria is a key exporter of manufactured goods, refined copper and petroleum.
Thanks to this foreign investment, the Bulgarian labour market is becoming skilled, a double-edged sword as Bulgarians continue to emigrate to other EU nations. A payroll service provider is highly recommended, as unfortunately Bulgaria ranks as the most corrupt EU nation and the nation with the most complex hiring and international business laws.
Why use TopSource Worldwide in Bulgaria?
We free your teams from the burden of managing payroll across borders, working diligently to ensure a seamless process across all activities.
We’ll manage the data flow from you to every local market and will return data to you in a readable format for each of your key teams, including payroll journals if needed.
Our services combine process excellence with a human-centric approach, and our top priority is always the care and compliance of your payroll — no matter where in the world you operate.
- Leverage our experience and ensure in-country Payroll compliance.
- Reduce processing and back office time.
- Align processes, reducing complexity and risk
- A single, centrally managed payroll system that delivers a fluid and consistent service to you and your employees.
- Flexibility of service — adapting to your needs, regardless of the market.
- The option to work with other providers you already have in place, if needed.
- Global HR data management and data tracking where required.
- Global payments support for both employees and authorities.
- A dedicated team and account manager so that you always have a central point of contact
What TopSource Worldwide provides in Bulgaria
- Simplicity – we provide one monthly consolidated invoice for the services provided inclusive of salaries, taxes, fees and employee expenses. This reduces banking costs and your finance teams time spent.
- One point of contact – a single Account manager looking after all your Payroll.
- Compliance – all funds payable to the employee are processed through payroll. You receive monthly evidence of taxation paid to the competent authorities in country.
- All services are provided by in-country experts that are professionally qualified in their respective fields.
- Electronic payslips for all employees.
- All Statutory filing completed by TopSource Worldwide.
We appreciate each situation and business is different. That is why we offer a consultative and bespoke solution to every client. We know one size does not ‘fit all’.
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