Opening of Ltd ( OOD) . Insurances of manager, partner and worker

Opening of Ltd ( OOD) . Insurances

of manager, partner and worker.  

 

Question:

Hello. We will do a company registration and open a shop, for the first time our company is Ltd. and we think to hire one person, my question is where should I legalize his employment contract. And another, I and my partner are still working on a contract with different companies , who provide us with the need to self-foster as managers of the company?

 

Answer:

Hello,

Our answer to your first question:

The registration of the conclusion or termination of a labor contract shall be done by submitting to the NRA of the NRA on registration of the company Notification under Art. 62, para. 5 of the Labor Code. It is in a certain form, contains precise information and is provided with a cover letter. In addition to personal data about the appointed person, you also need data on the economic activity in which your company develops the classification of economic activities (NACE), as well as the NACP (National Classification of Occupations and Posts). The notification under Art. 62, para. 5 of the Labor Code also requires entry of the agreed labor remuneration. It is good to comply with the country's Minimum Insurance Income (MDI) table for the current year, which is determined by the NACE Rev. 2 and the NCPD. There is an MAD on which the insurance contributions to be made for the hired personnel are calculated, and for each activity there are 9 categories of staff categories defined. It is possible to appoint staff with agreed remuneration below the MDG thresholds, but in these cases contributions are made obligatory on the particular MOD from the table for the current year.

The second question:

Once you proceed with the registration of a company and start acting as such, any partner operating in the company in which you are a partner is contributing monthly insurance contributions on the insured income according to a certain scale (adopted annually by the Law on the budget of the Social Insurance Fund) at least BGN 420. Provided that one of the partisans does not do absolutely any work in the company's activity and only participates in the distribution and receipt of a dividend from the activity, it does not have to pay social security contributions as a partner . If one of the partners has a management contract with the company and there is a fixed remuneration in the company, it is mandatory for that member to make monthly contributions at least on the specified amount in the MAD table for the defined activity in the first group (this is generally the highest insurance income for each economic activity).

The fact that with your partner you are insured under a labor contract in other companies does not cancel the above mentioned grounds for payment of insurance contributions. You should only keep in mind that the maximum monthly income per month for a person may not exceed a certain limit set by the Social Security Act. For 2014 it is 2400 BGN.

In other words, if under your employment contract your insurance income is 2000 levs, then as a self-insured person or under a management contract your insurance income can not exceed 400 levs.

We assume that your accountant is aware of the current situation and will comply with the legal requirements when preparing and submitting the necessary documents.

Good luck in your business!

Greetings.