Payroll Cycle
Minumum Wage
Overtime Pay
Visa Immigration

Talent Wiki - Bulgaria

Your quick guide on talent and labor compliance norms in Bulgaria
Talk to our experts
Capital
Sofia
Currency
Bulgarian Lev
Languages
Bulgarian, Turkish, Romani
Payroll Frequency
Monthly
GDP per Capita
9,300 USD (estimated, 2022)
Employer Tax
19.32% - 20.72%

Talent Overview

Bulgaria, a land of rich culture and folklore, is a developing country in the south-eastern part of Europe, with an upper-middle income economy. A part of the European Single Market, the prominent sectors are service and industry. The private sector contributes more than 70% of Bulgarian GDP. In 2021, Bulgaria ranked 35th in the Global Innovation Index published by the World Intellectual Property Organization (WIPO) for the innovative accomplishments of the country. 

Major Economic Hubs:

Sofia, Plovdiv

Skills in Demand:

Professionals, Skilled workers

Local Universities

The top local universities in Bulgaria are listed below:

Sofia University St. Kliment Ohridski

RANKING

Bulgaria : 1

World : 988


Plovdiv University Paisii Hilendarski

RANKING

Bulgaria : 2

World : 2554

Medical University Sofia

RANKING

Bulgaria : 3

World : 2783

Technical University of Sofia

RANKING

Bulgaria : 4

World : 3045

New Bulgarian University

RANKING

Bulgaria : 5

World : 3405

Salary Data

The table below shows the average monthly salaries of some jobs in Bulgaria.

Job Title Average Salary Range (in BGN) Average Salary Range (in USD)
Executive Management and Change 107,950.05 BGN $62000
Finance Control and Strategy 62,725.27 BGN $36000
Sales and Business Development 55,748.90 BGN $32000
IT and Software Development 47,030.70 BGN $27000
Consulting, Accounting and Professional Service 45,285.34 BGN $26000
Human Resource 26,126.16 BGN $15000

Talent Sourcing Tips

Top Local Job Boards:

Karieri.bg, jobs.bg, jobtiger.bg, Zaplata.bg, DEV.bg, Buljobs.bg 

Number of LinkedIn users:

960,000

Multiplier Recruitment Partner:

iXceed

Employing in Bulgaria

According to the Bulgarian labor law, the employees are classified into three categories - one, two and three. The third category is the most popular and has favorable working conditions. The Council of Ministers does the segregation of employees. 

Employee Contract 

Employment contracts signed by both employer and employee can be in any language. However, the Bulgarian authorities can request a copy of the Bulgarian translation (if needed). 

Public and Provincial Holidays

Date Name Type
1 Jan New Year's Day National holiday
3 Jan New Year's Day observed National holiday
3 Mar Liberation Day National holiday
22 Apr Good Friday National holiday
23 Apr Holy Saturday National holiday
24 Apr Easter Sunday National holiday
25 Apr Easter Monday National holiday
1 May Labor Day National holiday
2 May Labor Day observed National holiday
6 May St. George's Day National holiday
24 May Culture and Literacy Day National holiday
6 Sep Unification Day National holiday
22 Sep Independence Day National holiday
24 Dec Christmas Eve National holiday
25 Dec Christmas Day National holiday
26 Dec Second day of Christmas National holiday
27 Dec Christmas holiday National holiday
28 Dec Christmas holiday National holiday

Payroll

Payroll Cycle

 In Bulgaria, payroll is managed every month, with salaries paid on the last working day of each month.

Know More

Minimum Wage

As of 2022, the minimum wage for employees in Bulgaria is 363 EUR or 710 BGN.

Know More

Overtime Pay

Work done beyond normal hours is compensated as per the mutually accepted employment contract. Also, there are maximum limits put in terms of working hours for the extra.

Overtime working hours Compensation
Hours >40 on weekdays 150% of employees’ standard salary rate
Overtime during weekend hours 175% of employees’ standard salary rate
Hours worked on public holidays 200% of employees’ standard salary rate

Know More

Health Examination Clause

Bonus

13th Month Pay:

There is no legal provision for the 13th month salary. 

Employee Benefits: 

  • Social Security
  • Health Insurance 
  • Accident Insurance
Talk to our experts

Taxes

Employer Payroll Tax:

Employers have to make the following contributions to every employee they maintain.

Employer payroll tax Contributed to
14.12% - 14.82% Social Security
4.80% Health Insurance
0.40% - 1.10% Accident at Work & Occupational Illness Fund
19.32% - 20.72% Total Employer Cost

Employee Payroll Tax:

Every employee is entitled to a salary each month, from which the following contributions will be made.

Employee Payroll Tax Contributed to
10.58% Social Security
3.20% Health Insurance
13.78% Total cost on Employee

Employee Income Tax:

In Bulgaria, the income earned is taxed at a flat rate. Tax residents have to pay for their worldwide income, while non-residents have to pay only for their income sourced from Bulgaria.

Employee Income tax Slab
10.00% Flat Rate

Know more on tax rates in Bulgaria here

VAT: The standard VAT rate in Bulgaria is 20%.

Offboarding & Termination

Termination Process

Bulgaria maintains a standard process for termination based on the reasons listed in the labor law. The termination notice must be communicated in writing and sent to relevant government departments.

Notice Period

Legally, the notice period is 30 days, but in common practice, it can be even 90 days.

Severance Pay

The pay varies based on the termination type, but severance pay is mandatory when applicable. The amount of severance should not be less than four months' gross salary and has to be paid no later than seven days after the termination.

Visa and Immigration

The essential documents to obtain if you are planning to work in Bulgaria:

  • ~Work Permit
  • ~Type D Visa
  • ~Residence Permit
Know More
Streamline payroll and compliance for your international workforce
Get Started