taxes romania
A Look into the Future: Romania's Groundbreaking Tax Reforms for Businesses by 2024
Submitted by frjacobs on Wed, 05/01/2024 - 16:02In 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.
Cession ( sale) of shares of a company in Romania
Submitted by frjacobs on Tue, 05/11/2021 - 11:59Have 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
GREENFIELD INVESTMENT IN ROMANIA
Submitted by frjacobs on Tue, 06/23/2020 - 16:17GREENFIELD INVESTMENT IN ROMANIA
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.
Facilitate or create an IT company in Romania
Submitted by frjacobs on Thu, 04/16/2020 - 11:24If 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.
10 Advantages that a foreigner must know when he wants to open a company (SRL) in Romania.
Submitted by frjacobs on Tue, 03/31/2020 - 13:28Then, 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.