Significant advantages and exemptions for start ups and small businesses compared to other EU countries:
Income tax: 1% on your turnover if you have at least one employee and the obtained income is less than EUR 60.000 and 3% if it is less than EUR 500,000 or the company engaged in some specific activities; otherwise it will be applicable the corporate tax, on the profit;
Corporate tax: 16% of the gained profit (difference between income and expenditures) - one of the lowest in EU;
Dividend tax; 8% of the paid dividend;
Low fees for the accounting services, starting from EUR 80/month, depending on the volume of your company activity.
In order to find more about taxation of the LLC in Romania, please read our brief articles, one related to the turnover tax / corporate tax - What taxes your Romanian company pays? Chapter I and the second one related to the dividend tax - What taxes your Romanian company pays? Chapter II.
Lower wages than in most EU countries; the current minimum wage in Romania is RON 3,000 per month (approx. EUR 600);
Quality and talented labor force. Romania is well known for its great universities, especially in IT, medicine, automotive and engineering field, providing highly skilled English speaking personnel;
Cost of living lower than in EU. Cost of living in Romania is 64% lower than the average of EU countries, according to EUROSTAT.
Easy access to the rest of EU countries, Very good links in the business area and travel with EU, Middle East and CIS states;
One of the largest marketplace in EU. Attraction for the foreign investors aiming to gain incomes from the second largest country in CEE
Fastest internet speed in EU, Highly developed and competitive internet infrastructure and professionals.
Bucharest has developed a lot in the past years – modernization, constructions of new buildings for homes and offices and legislations improvements for supporting businesses developed on the territory.
Very cost effective property prices. Attractive prices compared to other EU states for buying and renting land, residential, non-residential and agricultural real estate in Romania;
Rising rental yields. The investment in real estate grows quickly, generates good rental yields and may represent a good source for passive income;
Upward trend in the construction field. The construction field continues its solid growth even in 2023
Quick proceedings for incorporation. Romania benefits of a modern legislation and infrastructure for your company to be registered and functional in 3 days as of the data the incorporation request has been filed.
Flexibility on company ownership. You can be the sole shareholder in your company. And even in other Romanian companies. It is allowed to distribute dividends every 3 months based on your company's quarterly profit.
Plenty of incentives and measures. Romania grants annually plenty of measures and incentives for encouraging start-ups and business sector (Start Up Nation 2023, EU non-repayable funds, Norway grants, special incentives and exemptions for IT programmers etc.)
You may check other info related to the company registration in Romania process here. Also you may read more about the advantages and disadvantages of setting up a company in Romania in our article 10 facts you need to know about the limited liability company in Romania.
For a synthesis of this article, please see the section ”5 solid reasons why you should consider investing in Romania” available here, on the first page.
Don't hesitate to reach us at tudor@roadvocacy.ro or +40 723 77 37 59 or using the contact form on at www.roadvocacy.ro. We're here to help and answer any questions you may have.
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Die Anwalts-Ecke ist nichts anderes als ein juristischer Blog mit Nachrichten und Updates zur rumänischen Gesetzgebung, der sich ausschließlich an Unternehmer und Investoren in Rumänien richtet. Alles, was Sie als Ausländer über die Gründung eines Unternehmens in Rumänien wissen müssen, die Unternehmensregistrierung in Rumänien, die Gründung eines Unternehmens in Rumänien, die Firmengründung in Rumänien, die Eröffnung eines Unternehmens in Rumänien.
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Romanian Advocacy
| Ihr Unternehmen | Unsere Mission |
Romanian Advocacy
| Ihr Unternehmen | Unsere Mission |
Romanian Advocacy
| Ihr Unternehmen | Unsere Mission |
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Romanian Advocacy
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tudor@roadvocacy.ro
+40 723 773 759