company formation in romania

The micro enterprise with 1 percent tax till 1 million euro creates possibilities in Romania

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For company creation in romania mail: frjacobs@telenet.be

What taxes do investors in Romania pay for a micro enterprise created in Romania ?

In 2019, Romanian micro-enterprises pay income tax, according to Title III of the Fiscal Code. The tax rate is 1% for micro-enterprises with at least one employee and 3% for those that do not have employees. Company creation in Romania becomes interesting from a tax point of view.

The tax rate for a micro enterprise with one full-time employee amounts to 1% in Romania

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The revenue threshold of a micro enterprise will be EUR 1 million, from January 1, 2018. The tax rate for a micro enterprise, with one full-time employee, amounts to 1%, whereas the tax rate for micro enterprises with no employees reaches 3%.

According to the latest changes in the Fiscal Code,  a newly established legal entity is required to follow the micro-enterprise tax regime starting with the first fiscal year and will remain under this tax regime if it meets all of the following criteria:

 

The tax on micro-enterprises becomes compulsory for all businesses with turnover below 500,000 euros the tax rate is only 3%

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All companies with private capital  that earned up to 500,000 euros in revenue in 2016 are required to change their tax system by becoming a taxpayer on microfinance income. Basically, no private company with income under this ceiling can not  pay a 16%  tax rate, but is forced to apply the tax regime for micro-enterprises.

Company creation in Romania - formation of a Romanian company

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We helped a lot of foreign investors in opening and creation of  a company in Romania and the registration of a company in Romania. We are experts in company creation in Romania as well as other services like business licences and permits, bank account openings complemented by internet banking , consulting services, administrative services, accounting.
 
Your benefits to open a company in Romania and to create a Romanian company:
 

Happy New Year! 2016 starts with tax cuts in Romania

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The new year will bring three important tax cuts in Romania. Not only the VAT rate will be lower starting January 1, 2016, but also the tax on dividends and the tax on small companies’ revenues. The New Year has brought several tax cuts in Romania benefiting consumers, small firms as well as those who receive dividends, according to local media reports.

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