Hire people in Bulgaria officialy 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 necessery to establish a legal entity in case you are using our Employer of Record services.
Also popular as staff leasing, Employer of Record Service or 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 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.
In case your company needs extra employees, but don’t want to or are unable to hire them permanently as an own employment. The reasons for this could be diverse – legal restrictions, hiring of staff for certain peak activities during the year, corporate policies, as well as optimizing certain activities through outsourcing of non-specific activities and job functions. JSC as public entities often have their limitations in openning branch companies or hire staff with such local ones.
All startup companies, even the mature ones, have some financial limitations. The outsources management of staff, gives the opportunity for better business goals achievements and decreases the adminsitrtaive cost of the business. Outsourcing the whole payroll as a service creates better business environment and confidentiality. Instead of hiring a payroll manager and accountant the Staff Leasing Service is covering the needed recources.
The staff leasing, 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 bouring, 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.