Romania is a country with great potential that has yet to be fully utilized. The country is actively working towards attracting direct investments and has recently implemented various measures to attract foreign investors.

Setting up a business in Romania is a straightforward process with extensive support from experienced local entrepreneurs. Foreign investors interested in Romania can reach out to us for assistance.

In this article, we will delve into the reasons for investing in Romania.

Strategic Placement

Romania joined the European Union in 2007 and is also a member of NATO. Its advantageous geographical location makes it an optimal hub for transportation and trade, serving as a gateway to markets in the Middle East and other EU member states. The country possesses a variety of natural resources such as minerals, oil, gas, salt, coal, iron ore, copper, zinc, and gold. Additionally, Romania has abundant forests and fertile agricultural land. Those interested in capitalizing on these resources can get in touch with our team of experts.

Qualified Employees in Romania

Romania has a well-educated workforce that is available at lower labor costs compared to other European countries. The use of English is widespread and many Romanians are multilingual. The country has a large group of highly educated young professionals. Many young entrepreneurs invest their time, passion, and resources in Romania, often starting innovative companies with the help of EU investments. They are convinced that investing in Romania is worthwhile.

Promising Sectors for Investments in Romania

As Romania makes progress in various fields, there are specific sectors that stand out as highly lucrative and attractive for investments. These sectors include:

• Construction and infrastructure projects

Simplicity in Registering and Establishing a Company

Establishing a business in Romania is not a difficult task. The recent simplifications in bureaucratic procedures have made the process easier for both local and international entrepreneurs to quickly access the market, especially in their chosen fields. Our team of experts in Romania provides comprehensive support, so do not hesitate to contact us for any inquiries, regardless of the industry you want to start your business in.

Seeking assistance and guidance is crucial if you are considering investing in Romania.

An Attractive Tax System

The taxation system in Romania is highly favorable for foreign entrepreneurs. One major benefit is the low corporate tax rate of 16%, which is one of the lowest in Europe. In addition, only 8% is levied on dividend income as income tax. There are also tax incentives, such as tax exemptions for profits reinvested in technological equipment within the company. Furthermore, Romania has one of the lowest VAT rates in Europe, namely 19%, which offers a significant tax advantage. Our team in Romania can provide you with more information on the tax system and assist you with tax registration.

Protection against Income Tax

Romania has signed several double taxation treaties to safeguard companies and their profits against tax fraud. This means that taxes are only paid once, in the country where the profits are registered. In cases where taxes need to be paid in both the country where the business operates and the country of origin, a loan can be provided to cover the double tax payment.

Discover from our Romanian team of accountants what the tax regulations are for both local and international businesses. Our team is prepared to provide you with comprehensive information on the administrative services required for your company in Romania.

Tips for Foreign Entrepreneurs Investing in Romania

The business environment in Romania is a challenging and exciting place. Hence, it is advisable to conduct initial verifications and stay updated for a better understanding of commercial activities and related legislation.

Investing in Romania is highly recommended and it is advisable to explore the opportunities available first.

While legislation may change frequently, this does not mean that you cannot adjust to the new rules.

Seeking advice from an expert in the field of business is always a wise decision.

Understanding your customers and consumers is crucial in order to provide the best services and products. Remember to get to know your collaborators and establish a business relationship before beginning negotiations on terms.

The top 5 reasons to invest in Romania

1. Easy Business Start in Romania Starting a business in Romania is a straightforward process. To ensure a smooth experience, international entrepreneurs are advised to seek the assistance of an experienced agent for establishing a company in Romania.

2. Lucrative Business Sectors Romania presents a diverse range of business opportunities in well-established sectors such as manufacturing, textile, real estate, tourism, and education. Many large companies have already achieved success in Romania's thriving industries.

3. An intriguing tax system The tax system in Romania is appealing to foreign investors looking to reduce their tax burden. According to investromania.gov.ro, the corporate tax rate of 16% is one of the lowest in Europe.

4. Great Incentives Parent companies in Romania are exempt from taxes on capital gains, dividends, stock sales, and more. If you have any specific tax matters relevant to your business, you can consult our accountants in Romania.

5. A well-educated workforce Despite being cheaper than in other countries, the labor force in Romania is still highly skilled. Foreign entrepreneurs can take advantage of an experienced and multilingual workforce in Romania. Consider these facts and figures about the economic and business environment in Romania:

If you are considering starting a business in Romania and need additional information on the Romanian legislation regarding foreign investments, our Romanian team is ready to answer all of your questions. Do not hesitate to reach out to us if you are interested in investing in Romania. We can assist you in establishing your company in one of our business incubators after we have set up your business.

You can reach out by email at frjacobs@telenet.be or by calling +32 478 331 799.