Honduras is a country in Central America situated between Guatemala and El Salvador to the west, and Nicaragua to the south and east. The Honduran constitution states, “The cities of Tegucigalpa and Comayagüela, jointly, constitute the Capital of the Republic.” More than 3/4ths of the land area of Honduras is mountainous. Honduras has had one of the highest economic growth rates in Latin America over the past few years. Its top industries are sugar processing, coffee, woven and knit apparel, wood products, and cigars.
*Please note that the official currency is the currency of remuneration when employed through WorkMotion in Honduras.
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Bulgaria, officially the Republic of Bulgaria, Republika Bŭlgariya, is a country occupying the eastern portion of the Balkan Peninsula in southeastern Europe. Founded in the seventh century, Bulgaria is one of the oldest states on the European continent. The country is remarkable for its variety of scenery. Its rugged mountains and relaxing Black Sea resorts attract many visitors. Ethnically, the population is fairly homogeneous, with Bulgarians making up more than four-fifths of the total population. Bulgarians are the fastest shrinking nation in the world. In the last 30 years after the fall of the totalitarian regime, Bulgaria has lost 2.4 million people or nearly 28% of its population.
Almost two-thirds of all exports are capital goods such as machinery and equipment, and one-fourth are consumer goods mainly of agricultural origin (such as fruit, wine, cigarettes, dairy products, and meat).
*Please note that the official currency is the currency of remuneration when employed through WorkMotion in Bulgaria.
The holidays mentioned below are valid for the year 2024.
January 1 | New Year's Day | |
March 28 | Maundy Thursday | Movable, the Thursday before Easter |
March 29 | Good Friday | Movable, the Friday before Easter |
March 30 | Easter Saturday | Movable, the first Sunday after the Paschal Full Moon |
April 15 | Americas' Day | Movable, as declared by the Honduran government |
May 1 | Labor Day | |
September 15 | Independence Day | |
October 3 | Francisco Morazán's Birthday | Movable, as per the Honduran government's determination |
October 4 | Day of the Race | Movable, as per the Honduran government's determination |
October 5 | Honduran Armed Forces Day | Movable, as per the Honduran government's determination |
December 25 | Christmas Day |
The approximate time for sharing the contract with an employee in Bulgaria is 4 business days assuming no special requests or changes to our standard employment contract. Any such requests or changes would need to undergo internal and external review, directly leading to a time delay.
NOTE: This number is subject to change and is only an estimation of the Contract Sharing Time. The estimated Contract Sharing Time begins from the moment that WorkMotion has received all required information from both the client and the employee.
The employer and employee contributions to Social Security are as follows:
Benefits | Employer Contribution | Employee Contribution |
Sickness and Maternity* | 5% | 2.5% |
Invalidity, Old Age, and Death** | 3.5% | 2.5% |
Professional Formation Institute (Instituto Nacional de Formación Profesional or INFOP) | 1% | None |
Collective Capitalization Pillar | 2.6% | 1.6% |
Total | 12.1% | 6.6% |
*Up to a maximum ceiling of HNL 10,342
**Up to a maximum ceiling of HNL 10,796
There are also contributions to mandatory individual accounts from the Regimen de Aportaciones Privadas (RAP). Any company that has 10 or more employees in the national scope must also contribute to the RAP.
Benefits | Employer Contribution | Employee Contribution |
Invalidity, Old age, and Death* | 1.5% of monthly covered payroll | 1.5% of monthly covered payroll |
Unemployment | 4% of monthly covered employment** | None |
Total | 5.5% | 1.5% |
*Up to a maximum ceiling of HNL 10,796.
**The employer’s contributions cease when the individual account balance reaches 50% of the maximum severance payable (25 months of the insured’s salary).
In general terms, the ordinary day of work may not exceed eight hours per day and 44 hours per week. The ordinary timing of night work may not exceed six hours a day and 36 hours a week.
The effective work that is executed outside the limits of the ordinary working day, or that exceeds the limits of the working day, agreed by the parties, constitutes extraordinary working hours, and must be remunerated, as follows:
Time | Surcharge |
Daytime Period | 25% surcharge on the daytime salary |
Night Period | 50% surcharge on the daytime salary |
Extraordinary shift as an extension of night shift | 75% surcharge on the night shift salary |
The trial period, which cannot exceed 60 days, is the initial stage of the employment contract and is intended, on the employer’s part, to assess the worker’s aptitudes, and on their part, the convenience of working conditions. This period is remunerated, and if upon termination neither party expresses its willingness to terminate the contract, it will continue indefinitely.
The termination period notice is as follows:
Condition | Service Period | Termination Notice Period |
Suspension of work for more than 120 days in certain conditions specified | No liability | Not applicable |
Liquidation or definitive closure | 30 days’ notice | Not applicable |
Indefinite employment contract | Less than 3 months | 24 hours |
3 to 6 months | 1 week | |
More than 6 months to 1 year | 2 weeks | |
More than 1 year to 2 years | 1 month | |
More than 2 years | 2 months |
In general terms, the ordinary day of work may not exceed eight hours per day and 44 hours per week. The ordinary timing of night work may not exceed six hours a day and 36 hours a week.
The effective work that is executed outside the limits of the ordinary working day, or that exceeds the limits of the working day, agreed by the parties, constitutes extraordinary working hours, and must be remunerated, as follows:
Time | Surcharge |
Daytime Period | 25% surcharge on the daytime salary |
Night Period | 50% surcharge on the daytime salary |
Extraordinary shift as an extension of night shift | 75% surcharge on the night shift salary |
The trial period, which cannot exceed 60 days, is the initial stage of the employment contract and is intended, on the employer’s part, to assess the worker’s aptitudes, and on their part, the convenience of working conditions. This period is remunerated, and if upon termination neither party expresses its willingness to terminate the contract, it will continue indefinitely.
The termination period notice is as follows:
Condition | Service Period | Termination Notice Period |
Suspension of work for more than 120 days in certain conditions specified | No liability | Not applicable |
Liquidation or definitive closure | 30 days’ notice | Not applicable |
Indefinite employment contract | Less than 3 months | 24 hours |
3 to 6 months | 1 week | |
More than 6 months to 1 year | 2 weeks | |
More than 1 year to 2 years | 1 month | |
More than 2 years | 2 months |
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