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xpand Your Business in Romania

Currency:

Romanian Leu (RON)

Official Language:

Romanian

Ease of Doing Business Rank:

55th globally (World Bank, 2020)

Average Time to Set Up a Business:

3–10 days

Corporate Tax Rate:

16% standard, 1% for micro-companies

VAT (Standard Rate):

19%

VAT Registration Threshold:

RON 300,000 annual turnover

Dividend Tax Rate:

8% withholding tax

Personal Income Tax Rate:

10% flat rate

Company + Employer Contributions:

37.25% total employer/employee social taxes

Minimum Share Capital:

RON 1 for Limited Liability Company (SRL)

Bank Account Requirements:

Mandatory for company operations

Accounting Requirements:

Monthly tax filings, annual financial statements

Audit Requirements:

Required for companies exceeding €3.2 million turnover

Business License Requirements:

Needed for regulated industries (transport, financial services, pharma, etc.)

Immigration Policy:

Business visas and residence permits available for non-EU investors

Compliance Requirements:

Regular tax filings, VAT reporting, payroll compliance, and adherence to Romanian labor laws