Located in the heart of the Balkans, Bulgaria offers a highly diverse landscape: vast lowlands in the north and the highlands as well as the elevated plains in the south. One of Bulgaria’s key attraction is the Black Sea coast in the east, which supports the tourisms industry all year round.
The population of 7.4 million people is predominantly urbanised. Most cultural and commercial activities are centred on the capital and its largest city, Sofia, with a population of 1.2 million people.
Energy, particular the light manufacturing industry, is one of the most important sectors in the Bulgarian economy. It employs around 10% of the workforce in the secondary sector, construction. Other major sectors of the economy are heavy industry and agriculture, all of which rely on local natural resources.
With a vast rage of services, and our global knowledge and expertise with global migration, our services include assistance with work permit sponsorship, advice in relation to statutory benefits, local tax and social security registration, including preparation of personal income tax return.
CXC Global’s local expertise and knowledge of Bulgaria, allows us to work closely with our clients, assist with Local Tax and Social Security Registration, VAT Registration, including a preparation of a personal income tax return at the end of the tax year.
For contract workers, working in Bulgaria, it would be wise to consult with CXC Global on the best way to structure, and how best to balance taxation.