start a company 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:

 

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.

COMPANY CREATION IN ROMANIA

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Company creation in Romania

Opening an operation in a new market is generally the most costly and time-consuming way to enter it, but the rewards and benefits can be great. There are important legal and financial implications involved in setting up a business or investment in Romania. You should take advice from our accountants or business advisers and lawyers.

There are three ways to open an overseas operation in Romania:

BUSINESS CENTERS IN ROMANIA

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Business centers in Romania

We have several business centers at your disposal. We own or rent and do the exploitation of the business centers that we have in our portfolio. If needed we will look for a tailor made solution for your specific business and investment in Romania. We offer all that you need in order to conduct your business in a modern, pleasant and productive environment in open offices or classical offices.

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