Romania
Capital: Bucharest.
Official languages: Romanian.
Currency: Romanian leu.
Opening a company in the republic is one of the most budget-friendly options to start doing business on the international market.
Company registration provides the following benefits:
- State benefits for foreign entrepreneurs.
- Work on the European Union market.
- Small authorized capital.
Romania is a European country located in Southeastern Europe. Has access to the Black Sea; Thanks to this geographical position, the country serves as a gateway to both Eastern Europe and the Middle East.
Today, Romania attracts foreign entrepreneurs due to its low operating costs, skilled workforce and convenient geographical location.
Features of taxation and reporting
- The income tax rate is 16%.
- VAT has 2 rates - 19% standard and 9% preferential. Charged on total turnover.
Company registration
Time frame for company registration: 1-2 weeks; and 3-4 working days after receiving the original documents in Bucharest.
The most popular legal form for SMEs in Romania is SRL or Limited Liability Company. The minimum authorized capital is only 200 Romanian lei or about €40.
Additionally: Romanian VAT (to obtain a VAT number, you must have a real office in Romania. We can offer a real office).
To register a company remotely, you will need to provide the following information:
- Choosing a company name: three options are required.
- Notarized copies of ID for all participants.
- A document confirming the residence address of all participants (utility bills, bank statements indicating the address) with notarization.
- Bank statement no older than 3 months from the date of application.
A quick guide to registering a company in Romania:
To quickly register a company, contact IT-OFFSHORE specialists. The cost of our services includes:
- Preparation of documents (collection, filling, notarization, etc.).
- Company registration.
- Payment of all government fees.
- Registration agent services for 1 year with the possibility of extension.
- Translation services.
- Delivery of registration documents to any address.
The bottom line
Every business is unique and the decision to register a company in Romania should be based on the specific needs and strategy of the business. We recommend seeking advice from qualified IT-OFFAHORE consulting specialists who have experience working with Romanian jurisdiction and will be able to register your company in this country in the shortest possible time.
We offer not only legal support for company registration, but also a wide range of services, which includes accounting services, nominee services, and full support of the company after its registration; Thus, we provide full year-round service to your company.
