Invest in Transylvania
Resident individuals are taxed on their worldwide income irrespective of the type or source of income; a flat rate of 10% applies. You will pay about 4x less than in UK, France or Germany and 3x less than than the European average.
Benefits for UK businesses investing in Romania
A domestic market of nearly 20 million consumers, English is widely spoken, it is a gateway to markets of the Commonwealth of Independent States (CIS) and the Balkans, low cost flights. The EU has allocated EUR 23 billion to Romania until 2020. The funds will contribute to investments in Romanian infrastructure, human development, regional development. The resulting projects will provide good prospects for UK businesses.
Strengths of the Romanian market include
Young, skilled and educated workforce, well established support in Romania from foreign lawyers, accountants and consultants, implementation of Single Euro Payments Area (SEPA) standards for euro payments, an abundance of natural resources, western business practices
Doing Business in Romania Report by the World Bank Group (2019)
This report focuses on business regulations that have an impact on small to medium-size businesses in Romania. The study covers measures in regulations affecting the following areas: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, resolving insolvency and labor market regulation.
KPMG Investment in Romania (2018)
The KPMG guide for those who want to invest or do business in Romania. The guide contains general information about: forms of business organisation, taxation in Romania, banking and finance, commercial rules, real estate, EU funding, labor regulations and employment standards, the legal system, protection of intellectual and industrial property rights, accounting, competition (main legal issues), environmental protection.
The AmCham's Guide to Investing in Romania (2015)
Another excellent source of information in English about investing in Romania comes from the American Chamber of Commerce in Romania. The guide covers general information about Romania, forms of business organisation, taxation, banking and finance, general commercial rules, real estate in Romania, EU funding, labour regulations and employment standards, the legal system, protection of intellectual and industrial property, accounting, competition in Romania – main legal issues and environmental protection.
BRITISH ROMANIAN CHAMBER OF COMMERCE
The British Romanian Chamber of Commerce is the premier business-led organisation promoting bilateral trade and investment between the United Kingdom and Romania.
Contact: firstname.lastname@example.org | +40 744 873 340
GERMAN-ROMANIAN CHAMBER OF INDUSTRY AND COMMERCE
The German-Romanian Chamber of Industry and Commerce (AHK Romania) is the official representative of the German economy in Romania. Under the role of the bilateral chamber and member’s organisation, it speaks for the interests of Romanian and German companies as well as those of its other members to the public institution therefore being a central actor in the development of Romanian-German economic relationships.
AHK Romania was founded in September 2002 and currently numbers of 580 members. Its Board of Directors consists of 12 members, aside from the managing Managing Director. President of AHK Romania is Dr Dragoș Anastasiu (Nova Travel SRL) and its Managing Director is Mr Sebastian Metz. The German-Romanian Chamber of Industry and Commerce currently has 20 employees.
The financial support of the Federal Ministry of Economic Affairs and Energy supplements the income that result from membership fees and other sources in order to successfully fulfil its role of developing bilateral economic relationships.
Contact: +40 21 223 15 31
NETHERLANDS ROMANIAN CHAMBER OF COMMERCE
Since 2006, The Netherlands Romanian Chamber of Commerce (NRCC) supports and promotes the Dutch-Romanian business community. The NRCC does that this by creating business opportunities within its active community of members, having a close contact with Embassy of The Netherlands in Romania and acting as a consultation partner between the business sector and the Romanian Government.
BELGIAN ROMANIAN CHAMBER OF COMMERCE
BEROBA is a business organisation which aims to promote the Belgian-Romanian trade and investment by supporting and defending the interests of our future members and in the same time to provide information to our members about doing business in Romania and Belgium
THE ASSOCIATION OF SPANISH COMPANIES IN ROMANIA
The Association of Spanish Companies in Romania (ASEMER) was founded in September 2013, as a platform to defend the interests of all the Spanish companies and professionals who carry out their activity in Romania.
Contact: +40 21 795 05 73 | email@example.com
THE ROMANIAN-SWEDISH CHAMBER OF COMMERCE
The Chamber of Commerce, Industry and Agriculture Romano-Swedish, “Ro Swed Cham, is an organisation that promotes bilateral trade, investments and social projects developed between Romania and Sweden. Our mission is to facilitate economic and social dialogue and to increase relations between the two countries through business-to-business collaborations.
Contact: +40 731 474 258
ENTERPRISE EUROPE NETWORK
The Enterprise Europe Network is the world’s largest support network for small and medium sized businesses (SMEs) with international ambitions. It has 3,000 experts across 600 member organisations in more than 60 countries. Member organisations include chambers of commerce and industry, technology centres, and research institutes.
Contact Oana Stanculescu: firstname.lastname@example.org | +40 758 777 154