BULGARIA
Whether you want to set up a company in bulgaria or go to work in bulgaria, it is good to have as much information as possible about salaries in bulgaria. Here are the main points to remember. In 2023, the minimum wage in Bulgaria is BGN 933 (about EUR 460). The average gross monthly salary ...
Here are important details regarding the Bulgarian labor law that may turn out to be important when forming a company in Bulgaria or recruiting staff. The normal weekly working time is 40 hours. According to Bulgarian labor law, paid leave is at least 20 working days per year. The ...
BGN 933 (approximately EUR 460) per month Most of the businesses in Bulgaria pay higher salaries than the minimum salary. Social security contributions are 13% charged (and retained) for the employee and 20% charged for the employer. It nevertheless exists a social security contribution ...
Bulgaria is the undisputed champion in terms of wage efficiency in Europe. Indeed, if we compare the cost of a salary for the employer and the amount received by the employee, Bulgaria displays record rates of salary efficiency, far ahead of the other countries analyzed (Romania, France, ...
The average Bulgarian salary is experiencing considerable regional variations: while it reaches just over EUR 1000 per month in the capital Sofia, it is only around EUR 600 per month in the northern regions of the country (border with Romania). Monthly wages recorded in December 2022 within the ...
Employees who are obliged to travel or travel as part of their work are entitled to compensation, the amount of which depends on (i) the duration of the trip (and in particular whether the trip requires the employee to have to sleep outside from home) and (ii) remoteness, including whether he ...
Contrary to the widely spread false notion, it is not sufficient to work for a Bulgarian company in order to be automatically subject to the Bulgarian social security system. Who is subject to social security in Bulgaria? Employed persons residing in Bulgaria and working exclusively in ...
The fixed-term contract is signed : for a specified period , which may not exceed three years in total; and to perform a well-defined and temporary work; or to replace an absent employee ( due to illness or parental leave , for example). A labour contract is concluded ...
In the context of a breach of employment contract in Bulgaria , whether from the employer during dismissal or employee upon resignation, notice period is sometimes required. In the case of labour contract termination with mutual agreement: the proposed agreement must be accepted by the ...
Foreigners investors, third-country nationals, who wish to invest in Bulgaria settling there in the long term (over 3 month) should apply for and obtain a residence permit. There are several types of residence permit for long term: Continuous stay: until one year Permanent residence permit ...
If you want to recruit in Bulgaria or to work in Bulgaria, it is useful to know all the essential rules applicable to the Bulgarian labour contract. Once the phase of recruitment is completed, the employer must prepare a labour contract which is always in writing and must be signed before ...
Expertise
Précis de droit comptable et aspects fiscaux
April 2023, publication of the new edition of the Précis de Droit Comptable, by Denis Colin, manager of the Fiduciaire LPG