Why would you start a business in Romania?

Many entrepreneurs from foreigner countries are interested in Europe because of its company registration format and details, but how to choose the exact country to start your business in? Here, we'll highlight Romania's company registration formats and bring out the reasons making Romania stand out.

You wonder, how do you to register a company? What are the required documents? 

Well, generally speaking, in order to proceed to the Romanian company registration format, it is necessary to register it with the National Trade Register Office, an institution which operates under the Chamber of Commerce and Industry in Romania. This body, the National Trade Register Office, is set up as a public institution that gathers data on all companies and businesses in Romania that are registered under a certain number at a national level, and all that information gathered about the companies is basically Romania's company registry.

However, Romania is not going to stop there. Romanian government has launched a start-up visa for entrepreneurs from other countries who want to do business in Romania. It is designed for innovative entrepreneurs wishing to establish a start-up in Romania. They no longer need to fulfill certain capital or employment requirements to obtain a residence permit. If the company format is approved by the panel of experts, you'll get a certificate that will give you the opportunity to set up the company and apply for a temporary residence permit.

OPENING MARKET and MAIN BENEFITS of COMPANY REGISTRATION in ROMANIA

• Considerable foreign investments due to the sales market, the economic potential and the specialized workforce.
• Romania as a member of the U.E. and NATO, it will facilitate your access and increase your CREDIBILITY in the European business environment.
• Strategic geographical position for transport and IMPORT / EXPORT mainly.
• Opening to the Black Sea: outlines easy access to the Middle East and Asia.
• Romania is a country with relatively inexpensive labour, low price level and no exchange controls

TAXES REDUCTION

• Income tax is applied to micro enterprises that have a turnover of up to 1,000,000 euros / year.
• 1% of the income if you have at least one employee or if the company is assigned to a START UP format.
• Romania has concluded agreements with many countries on avoiding of double taxation, therefore, there is a possibility of payment of dividends without tax.
• Deduction of VAT in Romania in the case of purchases of taxable goods or services and so on…

Just check the required documents, your company registration and tax identification number or VAT registration in Romania, and you're good to go! Not sure how to do that? Bizonaire can create a bundle offer for you that will include VAT tax registration and company formation, whether that would be a regulated format of Romanian LTD, LLC and or any other legal form of a company you would like.