"a flat 3% corporate taxe on income" - is there a maximum turn-over? Sounds like a nice way to tax your profits if you have a separate company operating the business and moving the profits for what ever reason (licence, consulting, ...)
Romanian micro-company
- Thread starter 1nomad
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1 million euro turnover max for the 3%. Above 1 million you pay 16% and you are not classified as micro enterprise anymore.
I would like to see some links and names of reliable Agency services, accountants or lawyers in Romania whoc is able to help establishing a company there.
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I spoke to my accountant and she said it really doesn't matter what anyone offers in regards of Corp tax as if your country is 'CFC' then you will pay the difference in Corp tax in your home country and pay dividends tax if your country imposes it.
She said even if you have employees but you are the ultimate ubo it's still taxed in your home country...
She said even if you have employees but you are the ultimate ubo it's still taxed in your home country...
I will post an address that I found last year. I contacted them and they reply very quick each time than I was writing them. Their prices are very correct. But I don't have now the link. I wil check in other pc and I will post it if it's not considered as spam
Is this specific to Romania? Most countries have some form of economic substance exemption in their CFC rules
Well I know for Croatia , as I asked my accountant and this isn't a good idea.. for other countries idk.
Further more in Croatia all legislation is done in a way so it can be interpreted any way they like ...
I just said what I know for sure about Croatia. Perhaps someone from Croatia is looking at this and thinking about using such solution for themselves...
Infiintare Firma,Gazduire Sediu Social, Acte Registrul Comertului
Very reliable people. Finaly I don't buy company, but all the times that I was contacting them for differents informations they reply me very quick and with all the requests that I needed. The prices are very competitives.
Thank you for the link, much appreciated. It would be nice to learn about a agent in Romania who someone has made use of.
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I live in Romania, i have company here, and if someone is interested to incorporate a company here and open bank accounts, i can put in contact with my accounting firm, which i use them for over 9 years, they can provide solutions for every business, they are licensed by CECCAR as expert accounting firm.
You better provide a link to that accounting firm so we may be able to learn more about them.
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They do not have a website, work only thought recommendation.
@busdriver
A foreign person can establish a company here same easy as a citizen, only that if you want to take VAT you need first to take NIF ( is a personal number for fiscal identification ) for each foreign shareholder of the company. Office can be rented for 1 year at lawyer ( virtual only ), contact person is not mandatory but always is the accountant/lawyer, the tax ( for micro, below 1m EURO turnover ) is 3% on the turnover and 5% applied again on the profit, and add of course costs of taxes for employees, VAT etc.
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