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This site is created by ir. Freddy Jacobs, MBA an expert in Romania with more than 20 years of experience. Send an email if you want to reach out or subscribe to this website to get the latest articles on Romania. 

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A Guide to Non-Refundable European Funds: Enhancing Opportunities for Romanians in 2024

Non-reimbursable European funds are an important source of financing for central and local authorities, but especially for Romanians who want to open or expand a business. The European Union has prepared the non-refundable funds for the Romanians who need them, they only have to apply for them. The good news for those who want non-reimbursable European funds in 2024 is that in the 2021-2027 EU budget exercise, Romania can receive approximately 4 billion euros through the European Union's Cohesion Policy.

European Regional Development Fund (ERDF) in Romania

Romanian agriculture can be transformed with these exciting farming funds.

Romanian farmers and entrepreneurs in the agri-food sector have the opportunity to receive financial aid through various DR interventions. Depending on the type of investment, the maximum amount available for projects can range from 3 million to 10 million euros. The total budget for these European funds is 210.3 million euros and the registration period is open from December 20, 2023 to April 30, 2024, until 4:00 p.m.

The Ultimate Guide to Establishing an LLC as a Foreign Citizen in ROMANIA: A Step-by-Step Approach

Are you a foreign citizen looking to establish a business in Romania but the PFA legal form is not suitable for your needs? In that case, you can set up an LLC. Here are the requirements for opening an LLC as a non-resident.

Can a foreign citizen start a business in Romania?

Regardless of your nationality, as long as you have a good idea and plan, you can turn it into a successful business in Romania. All you need to do is decide on the appropriate legal form and begin the establishment process.

EU funds and state aid - 2024 financing for Romanian micro, small and medium-sized companies

1. SME grants of EUR 200,000-8 million in just transition counties

Micro-enterprises and small and medium-sized enterprises (SMEs) in 6 counties affected by the reduction of polluting industrial activity will be able to obtain grants of 200,000-8 million euros per project, in the form of regional state aid and de minimis aid.

A Look into the Future: Romania's Groundbreaking Tax Reforms for Businesses by 2024

In the upcoming year of 2024, there will be notable changes in corporate taxation. The following are the main adjustments that will be put into effect.

Eligibility Criteria for Being Considered as a Micro-Enterprise in Romania

The most significant alterations pertain to the categorization of businesses as micro-enterprises.

Funds of max. €280,000 for farmers in Romania

Farmers in Romania will be able to benefit from state grants of a maximum of 280,000 euros each, to cover the interest on bank loans, through an aid scheme proposed, on Friday, by the Ministry of Agriculture, through an emergency ordinance project.

The Farmer's Credit state aid scheme, initiated in the context of the crisis caused by Russia's aggression against Ukraine, provides a total budget of 815.5 million lei (164.1 million euros), from which it is estimated that 3,500 farmers in Romania will receive support for working capital.

2024 B2B e-invoicing regime in Romania: New Guidelines and Penalties

Romania has recently implemented new regulations and penalties for its upcoming B2B e-invoicing regime, which will be launched in two phases in 2024. The government emergency ordinance 115/2023 introduces several amendments, including exemptions for simplified invoices, exports, non-resident counterparties, and B2C transactions. Additionally, the grace period for fines has been extended until July 2024.

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