Then, one of the reasons why it is good for a foreign citizen to open his company in Romania is the one related to the wages in our country, the average income in our country is 400 euros.
Any SRL registered in Romania is recognized throughout the European Union and can conduct business in the European community and beyond.
The current economic climate is highly favorable for the growth of the transport sector. Globalization, the emergence of new economies, and more recently the global pandemic, have increased the need for transport services across the whole economy. Companies such as restaurants, online stores, import-export businesses and large retailers rely on efficient goods transport and demand for this is now higher than ever. Because of this, opening a goods transport business in Romania can be a very profitable venture, as tax and insurance costs are comparatively low.
Have you decided to sell your business? Or are you looking at buying a business? If so, what’s involved in doing this?
Here we provide a our perspective on matters related to the sale or purchase of an owner-managed business.
What it is that you’re actually selling or buying? This may seem like an unnecessarily obvious question, but it must be answered thoroughly. The answer will define much of what’s contained in an agreement for the sale of a business.
Buying and selling “shares” in a business
With hundreds of companies established on behalf of our foreign clients, we offer the fastest and simplest option to set up Romanian companies at the lowest fees.
Moreover, such will be done by our professional lawyers, the only ones licensed in Romania to carry out a company formation. Your presence in Romania is not required.
We will draft all the necessary documentation, in bilingual Romanian-English so that you understand everything. You will only need to sign such documents and soon your company will be up and running.
The individual employment contract is regulated by Law no. 53/2003 of the Labor Code.
An important aspect to be mentioned is that the minimum age to be able to work and have an individual employment contract is 16 years, as provided in the Labor Code. An individual employment contract can also be concluded for people who are 15 years old, but only with the consent of their parents and only if the work performed does not endanger their health and professional development.
Developing countries tend to attract prospective companies with offers of tax breaks, or they could receive subsidies or other incentives to set up a green-field investment. While these concessions may result in lower corporate tax revenues for the foreign community in the short run, the economic benefits and the enhancement of local human capital can deliver positive returns for the host nation over the long term.
We can help you as a parent company to creates a new operation in Romania from the ground up.
If you have an IT company in Romania, you can benefit from some general tax facilities, but you also have a special facility, specific to this area. Let's see what these facilities are and how we can benefit from them. For more info mail frjacobs@telenet.be
General facilities
Employers can benefit from budget subsidies, based on Emergency Ordinance no. 60/2018 for the modification and completion of some normative acts in the field of labor force.
Starting December 2016, the new maximum nominal value of meal vouchers is 15 lei.
The new nominal value of meal vouchers was established by Law no. 218/2016 for the amendment of Art. 3 paragraphs. (1) of Law no. 142/1998 regarding grating food vouchers, published in the Official Gazette no. 931/2016.
Therefore, in accordance with the provisions of this law the order meal tickets with face values of up to 15 lei inclusive can be delivered starting from December.
