In recent years, Bulgaria has been an increasingly attractive destination for the outsourcing of businesses in numerous industries. As a member of the European Union, Bulgaria has well-developed macroeconomic policies and is considered as one of the most financially stable economies in Central and Eastern Europe. The cost of labour in Bulgaria is relatively low while the workforce in the country is highly educated and well-trained.
When it comes to taking care of a company's most important asset, its people, payroll is an essential element in taking care of an organization's personnel.
Do you require assistance with payroll services in Bulgaria? If so, EUROFAST Bulgaria can offer you the full package of services related to the management of the administrative processes, to the payroll lifecycle, HR administration including staff leasing services (PEO services).
Outsourcing payroll to EUROFAST Bulgaria will:
-assist you in simplifying your payroll management;
-provide you with better control and compliance to processes;
-enhance your level of security and confidentiality of sensitive personnel data;
-reduce staff costs of running a payroll department;
EUROFAST Bulgaria can help you with:
- The preparation and maintenance of all administrative documents related to the hiring of employees as well as any amendments and/or termination related to an employment contract;
- The management of all activities related to payroll processing, from initial calculations to final salary payment through to payslip distribution.
- Preparation and submission of all statutory reporting forms related to your payroll (i.e. Declaration 1 and Declaration 6, quarterly employment statistics report).
- Submission of sick leave / maternity leave / paternity leave documentation.
- Assistance with formal communication and representation before state authorities.
- Professional laegal consultancy.
Our team of dedicated professionals at EUROFAST Bulgaria, is always ready and happy to support you and your business needs in Bulgaria. With our expertise in the HR and Payroll areas, we are able to take care of your complete payroll lifecycle, making sure your organization has the essentials covered: accurate and on-time pay for your employees, consistent and manageable processes for your payroll personnel, dependable compliance and minimized risk for the organization.
Eurofast is a regional business advisory organisation employing local advisers in over 23 cities in South East Europe & Middle East (SEEME). The Organisation is uniquely positioned as one stop shop for investors and companies looking for professional services in South East Europe & Middle East.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.