Why Romania?

1. Why Romania and not another option?
Romania is the most “western style-like” country in the Southeastern Europe, with one of the lowest taxation schemes, very healthy banking sector and the strongest growth + growth potential.

2. Is Romania in European Union? Is it part of the Eurozone?
It is member of European Union since 01.01.2007. It is not member of Eurozone, still using its own currency, the Romanian Leu

3. How stable is the Romanian currency?
During the last 6 – 8 years, it has a soft decline of 1 – 2% each year.

Your Company

4. What type of business owner would I be?
The logical answer is: “Owner of a Limited Liability Company” (LLC). This will offer you flexibility and the lowest taxation. A private company will have higher taxation, while a PLC or SA has higher taxation and less flexibility.

5. What documents do I need to open the company

A. If you are setting up a company by yourself:

  • Your ID card or passport
  • A reply to a short list of questions, for us to identify the rest of the necessary information.
  • Then we will discuss to clarify everything, suggest improvements taking into consideration the future easy operation of your company (if you want to)
  • Right after, we will draft and send you the documents to sign

B. If you are setting up a company with 2 or more shareholders:
  • The ID cards or passports of all shareholders
  • A short description of your relations. Who has what %, who has what right to sign which document, how do you want the decisions to be taken etc.
  • A reply to a short list of questions, for us to identify the rest of the necessary information.
  • Then we will discuss to clarify everything, suggest improvements taking into consideration the future easy operation of your company (if you want to)
  • Right after, we will draft and send you the documents to sign

C. If you are setting up a branch or rep office
  • The ID card or passport of the administrator
  • We will send you a list of simple documents needed
  • Then we will discuss to clarify everything, suggest improvements taking into consideration the future easy operation of your company (if you want to)
  • Right after, we will draft and send you the documents to sign

6. Do I need to have a local citizen as partner in my company?
No.

7. Do I need to be a Romanian resident to set up a company? Do I need to have any kind of references?
No

8. Can I have more than 1 companies on my name?
Yes, as many as you wish.

9. What is the minimum Share Capital for an LLC company in Romania?
200 Lei, circa 37 Pounds, 41 Euros or 48 Dollars.

10. How long does it take to set up a company in Romania?
Usually 3 – 5 working days, once you send us all the necessary documents.

11. Can I establish a company without coming to Romania?
Yes, you can. We have created solutions for the ones who wish to set up a company from distance! Even for the ones who wish to open company’s bank accounts from distance!

12. Is it easy to close a company in Romania?
Yes.

Banking

13. Are there International banks in Romania?

More than 30 different ones! Plus some serious strong Romanian banks as well.

14. Can I get paid in foreign currency by my clients from abroad? Am I obliged to keep only Romanian currency in my company’s bank accounts?

Your clients from abroad can pay you to any currency you agree with them.

You are not obliged to keep only Romanian currency in your company’s bank accounts. You are free to have accounts in any currency of your wish.

15. In what currency do I pay my taxes?

Taxes in Romania are paid in the local currency, which is easy to exchange for.

16. Can a Romanian company has business accounts on internet banks?

Yes, but it still has to provide monthly statements of its accounts

Taxation

17. What tax rate will apply to my Romanian Limited Company?

Unless you explicitly ask to be charged with 16% tax on profit, your company will pay:

1% tax on revenue, if it has an employee (even yourself)
3% tax on revenue, if it does not have an employee.

The above mentioned 1 – 3% taxation scheme will be valid for your company as long as its turnover is below 1.000.000 Euros. Once it crosses this threshold, it will automatically switch to 16% tax on profit.

18. Can I get hired to my own company so as the Romanian company to get to the taxation of 1%?

Yes.

19. What are the VAT rates in Romania?

  • The main VAT rate is 19%.
  • Food, liquids except alcohol, the whole agricultrual sector and several other segments have 9% VAT rate
  • Organic food products and some more „excemptions” have just 5% VAT.

20. Does Romania offer fiscal and legal stability?

Very solid stability, please check more information here:

Various

20. Is the Romanian State offering subventions schemes for investments?

It does and we inform our clients for anything of their interest.

21. Can I get a residence permint?

Yes. If you are a citizen of EU the cost for this operation is also included in your company set up fees. If not, we can resolve it, but with an additional cost.

22. Can I become a fiscal resident of Romania?

If you fullfil the criteria, yes.

We do have several clients whom we advised through the process of becoming Romanian fiscal residents. But we also know cases when this was not possible.

Our Collaboration

23. What is included in your fees?

Everything, from the beginning to the end

+ consulting and guidance to properly set up the company, taking into consideration future entreprenorial aspects

+ consulting and guidance AFTER you set up the company.

If you want us to be, we are here to be by your side on the long run, not just to „deposit some papers, set up a simple company and dissapear”.

24. Do you offer solutions for headquarters?

Yes, we do. Plus we offer not just „virtual” solutions, but the ones that will let you develop your company without problems on the long run. For more information, please check here:

25. Do you offer accounting, legal and other services?

Yes, we do, in collaboration with our partners. For more information, please check here:

26. Do you offer After Sales Services?

Yes we do, actually this is one of the reasons why we are successful and get so many recommendations by our clients. We are here for you on the long term, being your trusted Romanian partner, if this is what you want to as well.

Contact Us Now for more information:

Tell: 0040 21 30 86 271 / 0040 746 196827