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My best guess is, that we will see an increase from 1% to 3% for microcompanies, 30% profitability will not be a measure, dividend tax stays at 8%. The requirements to qualify as a microcompany under Romanian law will remain the same. Last edited by a moderator: Feb 29, 2024

You can use any address within Romania, as long as you are in posession of the 'comodat'.

For the registered office it is not relevant, if you employ yourself at your microcompany or not. The necessary requirement is the so called 'comodat', a document that allows you to use the space for commercial purposes e.g. as a registered office, usually issued by the owner of the real estate.

Nothing has actually been decided as of now

No I can't but you can easily find us using google or having a closer look at my profile here. The EU Directive is applicable for PROFIT Tax payers. Please use the usual communication channels. Another Update: Currently politicians are publicly debating drastic changes in the tax...

Our prices are publicly available on our website, which I will not post here since it is not complying with the forum rules.

The aforementioned company activities are indeed very common, we also have SEO experts, sales men, virtual assistants, real estate brokers, programmers, Saas Business, real estate rentals, handymen, youtubers, influencers and many, many more using the 1% regime. There is a CAEN 7022 (code of...

Your address should be visible on your Romanian national ID besides your CNP. In any case you will need an address in order to obtain a certificate of residence and a tenancy agreement is a document that proofs that you inhabite such address. Foreigners receive their CNP due to a certificate...

Please be aware that meanwhile the law changed again starting from 1.1.2023, I elaborated here: https://www.offshorecorptalk.com/fo...nia - Tax update,-accountantromania 4 minutes

Hello together, We received many requests for residence and/or company formation in Romania. Unfortunately it seems that many people are not up to date with the new legislation yet, although there were some major changes. Since 1.1.2023 the following applies in Romania: The general...

The tax system of Romania might be more favourable then the one in Canada, depending on you KPIs.

To clear up this thread: There is no legal basis in Romania for nominee directors, civil law applies. That being said, the person who is registered as the "administrator" (director) with the ONRC (trade register) is personally liable for social security contributions, payment of salaries...

Since we are obtaining 5-10 residence permits for a EU nationals per month, I can tell you that you will also need to present original documents (also of the tenancy agreement) to the immigration officer. If you do not speak Romanian and you do not know someone, it can be quite a lenghty and...

I suppose you are also searching for a reliable and licensed service provider in regards to accounting, balance sheets, tax statments?

Either a new applicant waits six months to be able to offer documented proof of residence in Romania for six months, updating his/her documents or taking the "risk" of being reported, which shouldn't be a problem at all, f supportive documentation can be provided to demonstrate factual tax...

I am referring to business accounts and this happened just a mere six weeks ago,

Unfortunately, last time we attempted an application with WISE, they stated that the service was not available for Romania. This might be subject to change over time,

I am stating that the banks in Romania rely solely on the information stated on the documents of identification. If the information changes, they change their record, accordingly. Most countries issue new IDs to their citizens in their embassies, otherwise you wouldn't be able to leave a foreign...

As a tax consultancy firm based in Bucharest we know the inner workings of the local banks very well. The banks work quite primitive and take any address that is stated in your document of identification. In most passports there is no complete address of residence, but in many national IDs...

make sure company and private address are not used by multiple other companies and individuals.