Workforce in Bulgaria

Foreign businessmen who are interested in opening companies in Bulgaria have the possibility to hire the skilled workforce in the country. With suitable preparation and high diploma, people from Bulgaria have the possibility to work in IT, health and safety, insurance, banking or many other interesting domains. Our company formation specialists in Bulgaria can offer suitable information and details for any overseas entrepreneur who wants to establish his presence on the Bulgarian market and seeks to hire the local workforce.

 

 

Besides offering details about the work legislation in the country, our company formation representatives in Bulgaria can provide you with important information about the company registration procedure in Bulgaria. The University of Sofia, the American University in Bulgaria, the Academy of Economics, the University of Economics in Varna, and the technical universities in Varna, Sofia, and Rousse are the most appreciated colleges in the country, where young students can develop and discover their skills.  More than 80% of graduates in Bulgaria speak English as the second language, and many of them have proper knowledge of French or German.  

 

Foreign entrepreneurs should know that Bulgaria has numerous qualified IT specialists in Europe, being in the third position in this important domain.  The workforce in Bulgaria includes trained and experienced people and can be a suitable option for all investors who want to set up companies in the country. The average income in Bulgaria is EUR 349 and the labor expenses in the country are acceptable.

 

 

 

Bulgaria is advantageously positioned, with opened gates to important countries in Europe and Asia.  The infrastructure, the security related to the business confidentiality, the low-priced office, and condominium rents are considered when analyzing the business market in Bulgaria. The country has attractive taxation, with 10% for corporate and income tax and 5% withholding tax on dividends. The macroeconomic stability and the incentives for overseas investments make Bulgaria an attractive country to do business in. Besides that, financiers who want to register a company in Bulgaria or who want to establish a branch in the country have the possibility to hire the skilled local workforce. The company registration procedure in Bulgaria is an easy process which can be done within 7 working days.

 

Additional information about the available workforce in Bulgaria or about how to set up a business here can be found if you contact our representatives in company formation in Bulgaria.