IT Recruitment in Bulgaria

DevsData LLC – Premium Tech Recruitment Services in Bulgaria

tpotanski

Updated on February 16, 2023 | 7 min read

Outsource your IT operations to Bulgaria

IT recruitment in Bulgaria is a growing industry due to the country’s highly skilled workforce and favorable business climate. Bulgaria has become a popular destination for companies seeking to outsource their IT operations, as well as for companies seeking to establish a local presence in the country.

There are also numerous specialized IT recruitment agencies in Bulgaria that cater to the needs of both local and international companies. These agencies provide a wide range of IT recruitment services, including sourcing and screening of candidates, skills assessments, and candidate placement.

To succeed in IT recruitment in Bulgaria, it is important to have a deep understanding of the local market, including the language, culture, and business environment. In addition, having strong connections with local universities and technical schools can help in identifying and attracting top talent.

The tax system in Bulgaria for the IT sector is designed to promote growth and development of the industry. The low corporate income tax rate, reduced social security contribution rate for research and development activities, and reduced VAT rate for IT services are all aimed at making Bulgaria an attractive location for IT companies to do business.

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DevsData LLC

IT Recruitment Agency in Bulgaria

US: 917 300 1752

UK: +44 20 8144 7294

PL: +48 694 411 990

The IT sector in Bulgaria is booming, with many companies operating in software development, information technology, and related fields. Some of the largest companies in the IT industry that operate in Bulgaria include IBM, HP, and SAP.

Bulgaria has a rapidly growing IT sector, which has been experiencing significant growth in recent years. The country has become a preferred destination for outsourcing IT services, particularly for companies from Western Europe and the United States. Here are some key points about the IT sector in Bulgaria:

Talent pool

Bulgaria has a strong talent pool of IT professionals, with many universities offering computer science and IT programs. The country has a high number of engineers, developers, and software experts, many of whom are proficient in English.

Cost advantages

The cost of doing business in Bulgaria is relatively low, making it an attractive location for IT outsourcing. Salaries for IT professionals in Bulgaria are also lower than in many other European countries, which can help companies reduce their overall costs.

Infrastructure

Bulgaria has a well-developed infrastructure for the IT industry, with a high-speed internet connection and access to the latest technologies.

Government support

The Bulgarian government has been actively supporting the development of the IT sector in the country. The government has implemented various measures to promote innovation and entrepreneurship, including tax incentives for IT companies and initiatives to promote research and development.

Growing startup ecosystem

Bulgaria has a growing startup ecosystem, with a number of successful startups emerging in recent years. The country has a supportive entrepreneurial environment, with many startup incubators and accelerators, as well as access to funding from venture capitalists and angel investors.

Taxes in Bulgaria for IT sector

In Bulgaria, the tax system for the IT sector is designed to promote growth and development of the industry. Here are some key points about taxes in Bulgaria for the IT sector:

Corporate income tax

The corporate income tax rate in Bulgaria is 10%, which is one of the lowest rates in the European Union. This rate applies to all companies, including those in the IT sector.

Social security contributions

Employers in Bulgaria are required to pay social security contributions for their employees. However, for employees in the IT sector who are involved in research and development, the social security contribution rate is reduced by 50%. This is aimed at incentivizing companies to invest in research and development activities.

Personal income tax

The personal income tax rate in Bulgaria is a flat 10%. This rate applies to all employees, including those in the IT sector.

VAT

The standard value-added tax (VAT) rate in Bulgaria is 20%. However, for some IT services, such as software development, a reduced VAT rate of 9% applies. This is aimed at promoting the development of the IT sector in Bulgaria.

Incentives

The Bulgarian government offers various incentives for companies in the IT sector, such as tax exemptions for research and development activities, as well as reduced tax rates for companies operating in certain regions.

I’ve worked with DevsData on numerous projects over the last 3 years and I’m very happy. They demonstrated a strong degree of proactivity, taking time to thoroughly understand the problem and business perspective. The solutions they designed exceeded my expectations.

Jonas Lee

PARTNER & EXECUTIVE VP OF VERUS FINANCIAL LLC;
INVESTOR & SERIAL ENTREPRENEUR

Cross-industry expertise

Over the years, we've been accumulating our expertise in building software and conducting recruitment projects for different segments. Below are six industries in which we have particularly strong knowledge.

Retail / E-commerce

Construction

Pharmacy

Telco

Financial Services,
Hedge Funds

Entertainment
& Media

IT schools and universities in Bulgaria

Bulgaria has a number of reputable schools and universities that offer programs in information technology (IT) and related fields. Here are some of the top IT schools and universities in Bulgaria:

Sofia University St. Kliment Ohridski

This is one of the oldest and most prestigious universities in Bulgaria, offering a range of IT programs, including computer science, software engineering, and information systems.

Technical University of Sofia

This university has a strong reputation in the field of engineering and offers several IT-related programs, including computer science, information technologies, and telecommunications.

American University in Bulgaria

This private university offers a range of undergraduate programs in IT-related fields, including computer science, information systems, and business information systems.

New Bulgarian University

This private university has a strong focus on IT and offers a range of programs, including computer science, software engineering, and information systems.

Varna University of Management

This university has a focus on business and offers a range of IT-related programs, including information systems and web technologies.

Technical University of Varna

This university has a strong reputation in the field of engineering and offers several IT-related programs, including computer science, software engineering, and information technologies.

University of Plovdiv Paisii Hilendarski

This university offers a range of IT programs, including computer science and information technologies.

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