A recruitment company in Bulgaria can offer human resources consulting and suitable services designated for all clients who want to reach their goals by hiring highly qualified employees. Our company formation agents in Bulgaria can offer information and guidance when preparing the documents for the registration of a recruitment agency. We invite you to discover details about how to open a company in Bulgaria in this specific field, reminding you that our specialists can assist you.
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Steps in opening a recruitment company in Bulgaria
The company incorporation in Bulgaria is a simple process and the foreign or local entrepreneur can start the activities right away, as a limited liability company (also known as OOD in Bulgaria) or an AD, which is known as a joint stock company. The Bulgarian Registry Agency is in charge of registering the companies in the country, including the recruitment agencies, if the candidates provide the necessary documentation with the help of our consultants and agree with the following requirements:
- reserve a name for your company;
- prepare the articles of association;
- prepare the signature specimen;
- open a bank account for the minimum share capital;
- apply for a business license in Bulgaria;
- register for VAT.
One should know that the Financial Supervision Commission in Bulgaria issues the licenses for your recruitment company in the country, where drafting the company’s documents is mandatory. Our specialists in company formation in Bulgaria are able to offer suitable assistance when deciding to set up a recruitment company in Bulgaria.
What services can a recruitment agency in Bulgaria offer?
When deciding on company incorporation in Bulgaria, and especially in the recruitment field, one should know there are varied business opportunities. Some recruitment agencies are dedicated expressly to staff recruitment and placement in various interested companies. Other agencies prefer to develop their activities in specific niches and to dedicate themselves to a certain business sector. On the other hand, there are also recruitment companies that offer complete services: staff recruitment, interviewing, onboarding, contract preparation, etc. Here are other interesting aspects that could help you when you want to set up a company in Bulgaria in this specific sector:
- Recruiting agents access special platforms and databases of inactive employees.
- Recruitment specialists deal with personnel selection, offering jobs according to the specifics of the candidate, followed by face-to-face interviews.
- A recruitment agent should know the company profile and find the optimal candidate. Experience in the field matters a lot and makes a difference.
- Recruitment agencies in Bulgaria must consider the importance of protecting and complying with the databases they access.
Setting up a recruitment company in Bulgaria can also mean the intermediation of the labor force from abroad. Here we can discuss work and resident permits in Bulgaria, where a specialist in the field is needed. We invite you to discuss this further with our Bulgarian agents if you want to open and develop a business in the recruitment field.
Why open a recruitment company in Bulgaria?
Local or foreign businessmen who want to establish their presence on the Bulgarian market need to hire experienced staff. A recruitment company in Bulgaria will always use a proper approach to the applicants and will verify their experience before suggesting any person. Bulgarian recruitment firms are specialized in different areas, for instance, a company will have a database of potential candidates who can work in IT, financial services, education, call centers, agriculture or health.
Bulgaria is an optimal business destination, and those interested in opening a company can contact our accountants in Bulgaria. In addition to bookkeeping and payroll, the company also needs audits or complete financial reports. Also, those interested can benefit from wealth management services, and expert tax advice, on request.
Statistical data about employment in Bulgaria
Below we present some interesting data about the labor force, which could help you when opening a recruitment company in Bulgaria:
- The labor market in Bulgaria consists of over 51% men, while around 48.6% are women active in the field of work.
- Around 55.5% is the labor force participation rate in Bulgaria, according to data for June 2024.
- There are around 2.93 million active employees in Bulgaria.
In addition to support for setting up a recruitment company in Bulgaria, our specialists can also help you in other endeavors. For example, you can benefit from the services offered by our accountants in Bulgaria. Moreover, those interested in opening a startup in Bulgaria can choose our firm and ask for information about the services offered. Please contact us and ask for a detailed offer.