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.

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.

Wat U moet weten over aandeelhoudersvergaderingen van een S.A. in Roemenië

Meer info: frjacobs@telenet.be

Inleiding aandeelhoudersvergadering van een Roemeense S.A.

In dit artikel worden de procedures beschreven voor de organisatie en het verloop van de Algemene Vergaderingen van Aandeelhouders (AVA) van een Roemeense S.A..

Deze procedures zijn van toepassing op de AVA, het hoogste besluitvormingsorgaan van de vennootschap, waarin de wil van de aandeelhouders wordt uitgedrukt met betrekking tot alle aangelegenheden die verband houden met het belang van de vennootschap.

Business Center in Romania

Discover why our Business Center in Romania stands out as the ultimate destination for entrepreneurs in search of unparalleled flexibility.

Our Business Center in Romania presents an excellent choice for entrepreneurs and businesses of all sizes. With a range of flexible office solutions, convenient access to essential links such as banks, accountants, and state institutions, and almost two decades of experience, our Business Center is an ideal option for those looking to establish their company in a professional and supportive environment.

Nearshoring in de IT-sector in Roemenië

In de IT-sector is nearshoring steeds populairder geworden, waarbij bedrijven op zoek gaan naar andere landen in hun regio voor kostenvoordelen en betere dienstverlening. Roemenië staat op de lijst van mogelijke nearshoring-opties, omdat de IT-sector in het land de afgelopen jaren een enorme groei heeft doorgemaakt. In deze blogpost zullen we onderzoeken waarom nearshoring naar Roemenië een aantrekkelijke optie is voor veel IT-bedrijven, evenals enkele uitdagingen die hierbij komen kijken.

State aid subvention scheme for Romanian companies who create jobs by an investment

Romanian subventions till 2028

In the period 2023 - 2025, the state aid scheme will take place according to H.G. no. 332/2014 regarding the establishment of a state aid scheme to support investments that promote regional development by creating jobs.

The state aid scheme envisages the financing in the form of non-refundable amounts, of salary costs, recorded for a period of 2 consecutive years, within the limit of the maximum allowed intensity, as a result of the creation of at least 100 jobs determined by the realization of an investment initials.

State aid for Romanian companies to support investments HG807 till 2028

The purpose of HG no. 807/2014 updated in 2023 valid till 2028

The purpose of HG no. 807/2014 updated 2023 is represented by the establishment of a state aid scheme with a major impact on the economy, the objective of which is regional development by making investments in certain sectors of the economy. The total value of an investment project must be at least 4.5 million lei. The minimum value of a project was determined by reference to an equivalent value of approximately 1 million euros (calculated at an exchange rate of 4.5 lei/euro).

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