Belgian Romanian Real Estate Chamber

This article aims to provide valuable insights and best practices for successful recruitment in Romania. The country's recruitment landscape is influenced by its diverse linguistic environment, with Romanian being the official language spoken by 85% of the population. However, many Romanians are also proficient in other languages such as Hungarian, Romani, Ukrainian, Russian, and Bulgarian. Moreover, there is a growing trend among the younger generation to learn English, French, or German, which adds to the complexity of the recruitment process.

Are you prepared to dominate the realm of electronic invoicing in Romania?

Welcome! We proudly present our "E-factura in Romania Crash Course" video, the perfect resource for preparing for the upcoming mandatory e-invoicing revolution. This captivating video will showcase my knowledge and offer a comprehensive, step-by-step tutorial on how to adapt to the revised fiscal reporting procedures.

Het potentieel van Roemenië voor directe buitenlandse investeringen (DBI) maakt een een veelbelovende groei door, zoals blijkt uit de toename van de inkomende DBI-stroom tot 11.273 miljoen USD in 2022 en de stijging van het aantal greenfield-investeringen tot 190 in hetzelfde jaar. Deze stijging wijst op een groeiend vertrouwen en een groeiende interesse van investeerders, waardoor Roemenië een aantrekkelijke bestemming wordt voor investeringsmogelijkheden, met name in de greenfieldsector.

The Official Gazette has recently released the PNRR (National Recovery and Resilience Plan) aid scheme, which aims to provide much-needed support to non-IT companies in Romania. This initiative is designed to help these companies partner with IT companies and embark on a digital transformation journey to enhance their competitiveness, promote innovation, and facilitate the adoption of new work methods.

The B2B e-invoicing regime in Romania will be implemented in two phases in 2024, with new regulations and penalties being introduced through government emergency ordinance 115/2023. These changes include exemptions for simplified invoices, exports, non-resident counterparties, and B2C transactions. Furthermore, the grace period for fines has been extended until July 2024. This article will provide an in-depth look into Romania's e-invoicing regime, covering the launch phases, requirements, penalties, and the user guidance manual issued by the Ministry of Finance.

The DD was done with a classical approach: we go on-site during 7-10 days. After this we write our report and conclusions and provide the investor (buyer) with a report and attachments. The main report and conclusions with corresponding attachments are prepared during the works.The duration of the works is around 2 to 3 weeks.

“Due to the COVID19 we had to re-think our business model and we started to work from a distance as per October 2020.”

What are the advantages of a digital Due Diligence in Romania ?

1.     We do not have to travel to Romania

Having spent over two decades in Romania, our Founder Freddy Jacobs has established himself as an authority in the country. His guiding principle in Romania has always been: “In the land of the blind, the one eye is king” AND “thriving on chaos as a model to make money“. Today these elements are still valid in Romania.

Allow me to share some information with you regarding our central principles and temporary management offering:

Romania is an attractive destination for investors due to its strategic location, skilled workforce, and favorable business environment. However, it’s crucial to understand the tax landscape to navigate the investment process effectively. In this article, we will delve into the recent tax law changes in Romania and provide you with valuable insights.

Tax laws in Romania undergo frequent revisions to align with the evolving economic landscape and international standards. Staying up-to-date with these changes is essential to avoid penalties and optimize your tax strategy.