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General managers

General managers

Last reviewed 15 Jul 2024

Civil law

Contract of employment, contract for services, shareholders’ resolution, management contract, etc.

Social insurance

Bulgarian regulations on social insurance are applicable for work performed in the country. EU Regulations on the coordination of social security systems have to be observed. Contract of employment or contract for services: social and health insurance.

Income tax

10 % flat-rate taxation

VAT

No VAT under employment and management contract

Work permit

For general managers from EU no work permit is required

For self-employment of EU residents, no work permit is required

Residence permit / Settlement permit

Required in the case of a stay of more than 183 days within the calendar year, unless the general manager remains resident in another EU country and regularly returns there.

Liability

In case of acting in bad faith, e.g. with respect to employer’s and corporate taxes, delay in declaring insolvency, in case of insolvency generally with respect to all non-paid public liabilities.

Minimum remuneration

BGN 1 077 (EUR 551) per month (as of 01.01.2025)

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As your partner, we are on an equal footing, and we can support and assist you to achieve your business goals. Grow with us – and continue to boost your success

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Contact

The TPA Group
Wiedner Guertel 13, Turm 24
1100 Vienna

Opening Hours:

Mo-Th: 08:00 – 17:00

Fr: 08:00 – 14:00

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