We guide your business to a good start in Ukraine with our local knowledge and Finnish values

Contact us now so we can schedule a free consultation call, where we will be happy to answer any of your questions, or read more on how and why to establish the business in Ukraine.

Leinonen Ukraine 

Do you think Ukraine is unsafe for foreign investors?

Yes

No


You would think so, but actually World Bank data shows that Ukraine’s investor protection index has been growing almost non-stop since 2009, and it’s now almost as high as in Estonia. Ukraine reached the world average level in investor protection in 2017. That’s right! World Bank data shows that Ukraine’s investor protection index has been growing almost non-stop since 2009, and it’s now almost as high as in Estonia. Ukraine reached the world average level in investor protection in 2017.

no

Do you think investor sentiment in Ukraine is negative?

Yes

No


You would think so, but in fact survey results from the European Business Association in Ukraine showed that 75 % of CEOs have positive sentiments and expect impressive development of their business in 2019. With the new government in place, investor sentiment is expected to go up even further. That’s right! Survey results from the European Business Association in Ukraine showed that 75 % of CEOs have positive sentiments and expect impressive development of their business in 2019. With the new government in place, investor sentiment is expected to go up even further.

no

Do you think Kiev is an unsafe place to visit?

Yes

No


Despite what you read in the news, actually, even though there is ongoing conflict in the Eastern part of Ukraine, Kiev is a very nice city and worth visiting for business or just tourism. Numbeo shows that Kiev is comparable to Hamburg in safety. That’s right! Even though there is ongoing conflict in the Eastern part of Ukraine, Kiev is a very nice city and worth visiting for business or just tourism. Numbeo shows that Kiev is comparable to Hamburg in safety.

no

Ukraine is a country full of opportunities, but also very challenging as a business environment. After the 2014 political crisis the Ukrainian economy experienced a downturn, and many foreign investors also chose to leave the market. Now the country has seen five years of continuous growth and investors are coming in to establish or re-establish their business in Ukraine. The election of a new president and parliament, which are both very pro-business and anti-corruption, is helping to create trust.

Currently Covid-19 and the subsequent economic downturn are significantly reducing foreign investments to Ukraine. This is in line with the global trend, as FDI flows were cut by 50 % globally in the first half of 2020. Crises make investing decisions harder, but they also create new opportunities. We invite you to contact us to discuss investing in the country to position yourself in the first wave of new investors to come when the situation normalizes.

Ukraine as a market has many advantages compared to its neighbours. The labour market is huge, and the people on average are well educated. This means great opportunities for IT outsourcing companies, especially. On the other hand, the bureaucracy is quite complicated, but easily solved with professionals on your side. If you are interested in establishing a company in Ukraine, read more here. If you would like to talk about accounting for your existing business, contact us.

QUALITY

We follow international accounting and business standards and we understand the needs of international clients. Our competitive edge is based on experience, quality and a Finnish manager present on site.

In addition to that, we only employ highly skilled specialists who have several years of experience working for European companies in our region, which means that they know what is expected by the owners of foreign organizations in our markets.

Feel free to contact us for client references.

CLIENT BASE

Usually our clients are small- to medium-sized businesses who are foreign-owned. The foreign owner of the local subsidiary is very interested in following the local laws and regulations, and would like to hand accounting over to a trusted partner who is an expert in those laws and regulations. This way they can focus on their business, while Leinonen takes care of accounting, taxation and reporting formalities.

We have built our image as a trusted Finnish partner and have been maintaining it since 1989 due to our values. Because of such focus on trust and transparency, while keeping high level of service, foreign clients prefer to choose us for their business ventures in Ukraine and other countries.

As Finns we are culturally closest to Scandinavian and Western European companies, we share similar values and understand the challenges that such companies may experience when entering this market. Many of our clients come from these regions but we are always ready to serve clients from farther away as well.

Our client base consists of organizations which value high ethics, reliability and transparency. This is exactly what we have to offer in addition to our industry standard company establishment and accounting services.

To find out more on what kind of clients we serve you may read our FAQ section, located below the services section.

SOFTWARE WE USE

The accounting program 1C is used in the Ukrainian market almost exclusively. In case of more complex client needs, our group has experience with various accounting programs such as Microsoft Dynamics, Sedab, Axapta, Hyperion, SAP, Scala, Hansa World, Directo and etc.

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