Payroll and Administrative Services: For temporary placements, Horizons Bulgaria as a staffing company handles payroll and other administrative tasks for the clients employees. This can include processing taxes, social security, and other deductions, thereby relieving the client company of these responsibilities.
Bulgaria is becoming atractive human resources destination, because of well educated people, qualifyed staff in IT sector and outsourcing capabilities and centers. Recruit Expert and IT Staff, Hire people in Bulgaria officially without forming a legal entity with our EOR service!
EOR offers Outsources payroll administration for the hired employees without the need of having administrative headcount.
Using Employer of Record service, the employers are saving administration, payroll and accounting cost. Also all strict GDPR documentation flow is not a concern for the employer, which could generate a cignificant legal and administrative cost.
Compliance Management: EOR services ensure that your company complies with all Bulgarian labor laws, tax regulations, and employment standards, reducing the risk of legal issues or fines.
Focus on team management instead of administration. Still the temporary employment, EOR, is designed to serve the employer and can be terminated withourt a notice and without a compensation. Such flexible solution is giving the freedom to employers to expand quickly or hire people for particular projects.
Employer of Record (EOR), also known as Staff Leasing, is a business practice that is recognized and regulated in Bulgaria. It involves a licensed Professional Employment Organization (PEO) that provides temporary employment services and assumes the legal responsibilities of being the official employer for the employees.
In Bulgaria, only a PEO – Professional Employment Organization that holds the necessary license can operate as an Employer of Record. This license ensures that the organization meets the requirements set by the regulatory authorities and is qualified to carry out the responsibilities associated with being an employer, together with the mandatory insuarance for Employer’s Responsibility.
In addition to being a licensed business activity, an Employer of Record in Bulgaria is also required to be officially listed in the national temporary employment providers Employment Agency register. This register is a government-maintained database that includes authorized organizations permitted to offer temporary employment services as EORs.
The inclusion of an Employer of Record in this register demonstrates that they have met the specific criteria and requirements set by the Bulgarian government to operate as a provider of temporary employment services. Being listed in the register is an official recognition of their compliance with legal and regulatory obligations related to temporary employment.
The register serves as a valuable resource for both employers and job seekers. It allows businesses in need of temporary staffing solutions to easily identify and engage with reputable and authorized Employment Organizations. For job seekers, the register provides transparency and assurance that the Employer of Record they are working with is legitimate and operating within the legal framework.
When considering an Employer of Record in Bulgaria, like Horizons Bulgaria, it is advisable for businesses and individuals to verify the organization’s inclusion in the national temporary employment providers Employment Agency register. This can be done by consulting the register directly or through appropriate government agencies responsible for labor and employment.
It’s worth noting that the requirements and procedures for registration may vary over time, so it’s always recommended to consult the most recent and accurate sources of information, such as official government websites or authorized agencies, to ensure the current status of an Employer of Record in the national register.
One of the key requirements for an Employer of Record in Bulgaria is to have active Employer Responsibility insurance. This insurance is meant to protect the organization against potential liabilities.
It’s important for businesses considering the use of an Employer of Record in Bulgaria to ensure that they engage a licensed and reputable Employment Organization. This helps to ensure compliance with local regulations and ensures that the rights and interests of both the hiring organization and the temporary employees are protected.
Horizons Bulgaria PEO service outsources the administration of the employees together with the regular payroll activities. We prepare the full set of documents as Employement Contract, Job Desription, Declarations, we collect the documents required by law for the employee’s file and register the employment in the National Insuarance Institute and Revenue Agency.
The employees are hired under the conditions of temporary employment. The Temporary employment contract is equal to permanent, according to the National Labor Code of Bulgaria. The employees are entitled to receive all related to the permanent employment benefits and compensation.
Employer of Record is a service which does not include the recruitment of employees. The two services are with different conditions and are executed from different professionals in our team. To use the staff leasing we need to recruit the people first, which could be a difficult and time consuming process. When leaving job people need to file a notice. The usual resignation notice period in Bulgaria is 1 month, in IT and financial sector 2 months. When we have the right professionals for your team we can start the hiring procedure.
It is more effective to have recruitment and employer of record performed by one supplier, a licensed Professional Employment Organoization. In Bulgaria both professional services are licensed, but they required different licenses. If we recruit employees who will be hired by Horizons Bulgaria, on a later stage, as a PEO, it will be easyer to explain to the recruited professionals, the conditions under which they will be employed. The temporary employment is equal as rights to the permanent, but still needs to be communicated with the future employees on time.
To start recruiting and employing people with Horizons Bulgaria companies need to know that EOR is a licensed activity and requires active PEO license together with active Employer Responsibility Insuarance that covers the risk of unpaying the salaries and compensations by the EOR. Next steps:
1. Sign an MS EOR agreement with us
2. Sign an Annex for each employee individual employment conditions
3. Review and accept payment conditions
4. Payments are executed always in advance
5. EOR commission is based on Total Monthly Employer Cost