Hire people in Bulgaria officially without forming a legal entity!
Very often our clients are interested in Bulgaria as a business destination only because they want to have access to the local human resources, to establish remote teams or just to have a local sales representative. To hire people in Bulgaria it is not necessary to establish a legal entity in case you are using our Employer of Record solution.
Horizons Bulgaria is licensed as a temporary job agency in accordance with the provisions of the Labour Code as of 2012.
An employer of record is an organization that serves as the employer for payroll and tax purposes while the employee performs work at a different company. The employer of record is liable for employment issues along with payroll compliance and tax laws.
Employer of record services can be helpful when dealing with payroll tasks and employment laws for employees in different countries. The employer of record keeps updated on the local laws so you don’t have to worry about complying with laws in multiple places.
Staff leasing service, also popular as Employer of Record is a hiring solution offered by Professional Employment Organization Service (PEO) formally is a business service where one legal entity as Horizons Bulgaria – temporary job agency/provides to another legal entity – user company/client, personnel under its management and control. This service is provided for a certain job completion, project or when the client company is not interested in forming a whole local business operation. In case a company is trying to expand to Bulgaria and interested only in having augmented staff, remote teams, the Staff Leasing Service is the perfect solution, popular as Employer of Record Solution.
In case your company needs new staff or additional employees to be recruited, but don’t want to or are unable to hire them permanently as an own employment. The employment solution is appropriate to cover temporary needs, overload or shortage. It is perfect for foreign companies without established legal entities in Bulgaria.
All startup companies, even the mature ones, have some financial limitations. The outsourced management of staff, gives the opportunity for better business goals achievements and decreases the administrative cost of the business. Outsourcing the whole payroll as a service creates a better business environment and confidentiality. Instead of hiring a payroll manager and accountant the Employer of Record Service is covering the needed resources.
The staff leasing/ Employer of Record, in most of the business cases, is combined with the service recruitment. Тhis allows better control over the HR quality and is followed by better organized management and administration.
The volume of administrative work offen leads to extra cost of time and means. The staff leasing is a good solution, which outsource this boring, but mandatory activity and gives more time for following business targets.
Better control over the employees’ expenses. The Staff leasing company strictly manage all cost documents and initiation, presents them in a clear format to the business owners. All this is followed by extra levels of control, which ensures full transparancy and lack of fraud opportunities.