About us

Every business needs precise and timely reports and advice on the taxes and financial related issues. The communication with the public administration authorities and the staff administration are also essential for the business.

We have experience in a number business areas and we may offer you cooperation with a highly-qualified staff and external associates in the field of audit, accounting and law.

  • Precise and high-quality accounting service
  • Individual approach
  • Affordable prices
  • Strict confidentiality
  • Service in Bulgarian, English and German language
  • On-site visits to clients
  • Communication with authorities, suppliers and partners
  • Team of experienced professionals

FinWork is member of the Association of the Professional Accounting Companies (ASSP)

Since January 2009 Finwork is member of the Association of the Professional Accounting Companies. Its membership critea are:

  • Activity as a professional accounting or auditing company
  • Clear judical records of the the managers of the company
  • Acceptance of the Articles of the APAC and the Ethical code of the International Fedaration of Accountants (IFAC).

With our membership in APAC we guarantee honest and correct attitude to our customers, as we become associated with the accounting companies that follow high professional ethics and principles.


Tax Advising & Accounting services

  • Accounting of current business operations in compliance with the Bulgarian and European legal provisions
  • Income tax returns
  • Annual financial statements and annual reports
  • Statistical reports
  • Monthly VAT reports
  • VAT returns
  • Preparation of on-line payments for taxes and contribution
  • Inventory aging, receivables aging reports
  • Reports in German, English or Bulgarian language on liabilities, cash flows, profit and loss account, etc
  • Cash management


  • Systematizing of all data related to personnel payments
  • Data processing and calculations
  • Drawing up of labor contracts
  • Registration of labor contracts
  • Processing of the documents for sick leaves and annual leaves
  • Transfer of the labor remuneration and online processing of social insurance contributions
  • Monthly declarations of the insured persons for the register of the National Statistical Institute (NSI) (declaration 1 and declaration

Company Establishment in Bulgaria

  • Payment of all government fees and taxes for the incorporation
  • Preparation of all the necessary documents in bilingual form
  • Accompaniment to the notary with certificate translator
  • Submission of the documents to the Bulgarian Commercial Register
  • Opening start-up (escrow) capital bank account
  • Bankkonten mit Online-Banking und Debitkarte
  • Legal address of the registered company at the actual address of our company, so that it can be used in the future for receiving mail, as well as for office phone and fax numbers
  • Opening a current bank account with personal e-banking
  • Stamp
  • Certificate for good legal standing of the company
  • EU VAT (VIES) registration
  • Opening an insurance number of a foreign person

Tax resinedce in Bulgaria*

  • Residence in Bugaria
  • Permanent residence permit for 5 years
  • Tax registration & tax assessment
  • Social and health insurance in Bulgaria
  • European Health Insurance Card

The above-mentioned services, permits and certificates can be provided and procured for EU citizens only.



Why Bulgaria?

  • 10 %corporate income tax (lowest in EU together with Cyprus); 0% for manufacturing companies in areas with high unemployment
  • Free repatriation of capital
  • Private judicial executors and notaries
  • Fast company registration - one to two weeks; online registration
  • 22% of populations hold university degree
  • 35,000 Bulgarian students in Europe. Second largest group after China
  • 5 % withholding tax on dividends and liquidation quotas (0% for EU tax residents holding at least 20% of the Bulgarian company)
  • Up to 1 year minimum salary and reimbursement of social/health care security for employing young people and disadvantaged people through the Employment Agency
  • EC membership since 1 January 2007
  • Treaties for avoidance of double taxation with 61 countries

Bulgarian Taxation

  • Corporate Income Tax – 10.00%
  • Dividend Tax – 5.00%
  • Withholding tax – 10.00%
  • Taxes upon some expenses
  • Representative expenses – 10.00%
  • Social expenses – 10.00%
  • Fuel for vehicle – 10.00%


We have customers in Germany, Austria, Bulgaria. Greece, Italy, Wir haben Kunden in Deutschland, Österreich, Bulgarien, Griechenland, Italien, Estonia, Hungary, Romania, the Netherlands, Malaysia, Turkey, Canada and New Zealand.

FinWork Clients Countries



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1404 Sofia
Tvardishki prohod 23
Office building Fina 5, floor 7, office 28

Tel. : +359-2-958-1590
Facebook: FinWork