Startups 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.
The Romanian tech startups directory: startups, founders, incubators, accelerators, events. Find out what’s hot on the Romanian startup scene and connect with relevant startups. It is noteworthy that Liverail, one of the most successful tech startups in Eastern Europe of all times – recently bought by Facebook for $500 mln – was created in Cluj, Transylvania.
FABRICA DE PENSULE
MIERCUREA CIUC, HARGHITA
SFÂNTU GHEORGHE, COVASNA
ITECH TRANSYLVANIA CLUSTER
CLUJ INNOVATION PARK
CLUJ MEETUP COMMUNITIES
Contact: firstname.lastname@example.org | +40 742 180 889
Contact Olivia Frosin: email@example.com | +40 744 549 898