Other self-insured individuals/

The insurance of physical persons which are self-insured arises under the following conditions:

• To act as sole proprietors, farmers, freelancers /self-employed – see the previous article/ or individuals performing services explicitly stated in the law and others;
• The individuals exercise personally the labour activity in the above mentioned capacity;
• To be registered in the respective territorial directorate of the National Revenue Agency /The freelancers /the self-employed/ are obliged to be registered in the BULSTAT register – see the previous article/;

The availability of these three conditions arises the obligation for payment of social security installments. In compliance with art.4, para 6 from the Social Security Code the pensioners acting as sole proprietor, farmer, freelancer /self-employed/ or individuals performing services explicitly stated in the law are exempted from the obligation to pay social contributions;

The termination of the activity as sole proprietor, farmer, freelancer /self-employed/ or individuals performing services explicitly stated in the law shall be announced in the respective territorial directorate of the National Revenue Agency. From that moment the physical person does not owe social contributions. The moment of termination shall be certified by the respective documents before the National Revenue Agency. The documents shall be submitted in 7 days term from the event day.