Digital Due Diligence (DD) and Pre-DD performed on farm land in Romania

After selling large plots of agricultural land during 2003-2007 we shifted from sales to due diligence and used our expertise to evaluate farms and agricultural land in Romania. Since then we performed a due diligence almost every year in a classical way. We also used our expertise for share deals with factories that were bought by investors as we active in Romania since 2003.

Setting up a company in Romania or how to create a company in Romania ?

Is it easy to create a  company in Romania?

Today it is relatively easy to set up a company in Romania. We provide customized advice. The establishment of a company in Romania is easy for us, we have more than 15 years of experience.

For information mail frjacobs@telenet.be

Choice of legal form of your Romanian company

The most common legal forms are the SRL (BV, BVBA) and the SA (NV). You choose a legal form:

1. Societate cu răspundere limitată (SRL) - Limited liability company

Een bedrijf oprichten in Roemenië

Kan ik gemakkelijk een bedrijf oprichten in Roemenië ?

Vandaag is het relatief eenvoudig om een bedrijf op te richten in Roemenië. Wij adviseren op maat. De oprichting van een bedrijf in Roemenië is voor ons eenvoudig we hebben meer dan 15 jaar ervaring.

Voor inlichtingen mail frjacobs@telenet.be 

Keuze rechtsvorm voor een bedrijf in Roemenië

De meest voorkomende rechtsvormen  zijn de SRL  (BV, BVBA) en de SA  (NV) . U kiest een rechtsvorm:

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.

Changes in Romanian fiscal legislation per 1 January 2024 in effect

As of fiscal novelties of interest, I should mention:

A shareholder/associate can hold more than 25% of the value of the shares/shares in only one micro-enterprise. Until now, the limit was holding more than 25% of shares/shares in 3 micro-enterprises. If an entrepreneur has, in 2024, more than 25% shares/shares in several micro-enterprises, he must decide by March 31 which of the companies to apply the tax system specific to micro-enterprises.

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