Bulgaria

General Facts

Population

7,246 million – 61 % of population is in working age

Area

110 910 km2

Capital City

Sofia (1,5 million), 7 - cities more than 100 000

Urban population

73%

Languages

Bulgarian – 85%; Turkish – 9%,

Currency

Bulgarian Lev (fixed rate 1 € = 1,95583 BGN)

Memberships

Joined EU in 2007; NATO in 2004; WTO in 1996

Labor force in Bulgaria

Average salary

423 EUR for 4 Q 2014

Labor productivity

42 % (average EC=100%)

Unemployment rate

10.6 % (1 Q of 2015)



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ONE hour free consultation: How to enter Bulgarian market

Tax and Business Advisory, Accounting and VAT, Payroll and HR

Our team of tax experts and highly skilled accountants will advise you on optimal personal and corporate issues including PIT, CIT, cross-border social securities, EU VAT etc.. We can offer you a tax effective solution and at the same time be compliant with the local legislation and on-going requirements.

Send your question and we will be glad to answer you.

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Leinonen Bulgaria - 

Addressing Tomorrow's Challenges Today

Business drives change in Bulgaria

The world of today is dominated by trends: economic, technological, political, internet or fashion. In an age of constant change no business can afford to take their eye off the ball. We at Leinonen understand this very well. 

Bulgaria, one of the most stable economies in the region during the present financial downturn, is the new trend: attracting more and more investors with its highly skilled work force, the lowest costs and taxes in Europe and unexploited business potential.

With our international presence in eleven countries and our local experience with Bulgarian administrative, legislative and economic frameworks, we can take care of all the details while you drive the change.

Contact us for more details. 

We are ISO 9001:2015 Certified Partner

We are proud to announce Leinonen Bulgaria accounting, payroll and tax compliance services’ recertification under the latest edition of the international quality management standards ISO 9001:2015. The certificate was issued by Bureau Veritas on 25th of August 2016. Thus Leinonen became one of the first certified under the new standards company in Bulgaria This certificate assures high quality standards of accounting and customer services that we are meeting in our activities. Read more.    

We are member of:

Bulgarian-Nordic Chamber of Commerce

Participation in Bulgarian-Nordic Chamber of Commerce is naturally connected with Finnish origin of the company. Supporting and helping Nordic companies to enter Bulgarian market is key importance for Leinonen Bulgaria.


AHK Bulgarien 

As a member of specialized committee “Taxes” of German-Bulgarian Chamber of Commerce Leinonen Bulgaria provides its experience, advises and accounting services not only to German but to other foreign companies as well.




British Bulgarian Business Association

Since the beginning of 2015 Leinonen Bulgaria became a member of British Bulgarian Business Association. BBBA is the platform of choice to facilitate commercial activities between UK and Bulgaria.  As a member, Leinonen Bulgaria aims to advise potential British companies and individuals on entry into the Bulgarian market.

Latest news

FREE Seminar: Social security entitlements of posted workers Nov 07

Leinonen Bulgaria is pleased to invite you to discussion on obligations and challenges facing employers and workers during the posting abroad.

Tuesday, 7th of  November, 14:00

place:   Bulgarian Chamber of Commerce and Industry 

9 Iskar, Str., Sofia

Seminar is suitable for CEO and Financial Managers.