Romania company registration


pay fee by instalmentsbusiness setup without travelGuaranteed solutions

For over a decade, Healy Consultants Group has been efficiently and effectively assisting our Clients with i) Romania business registration ii) business licensing iii) Romania business banking solutions iv) visa options and staff recruitment strategies and v) workspace rental solutions.

Romania is a former Soviet country, which struggled immensely in transition, but since 2000, it has regularly been one of Europe’s fastest growing economies. Romania has had strong growth due to a wealth of natural reserves fueling heavy industry and good investment in infrastructure providing for the financial sector.

Compare different Romanian entities Tax-resident LLC Joint stock company Free zone LLC Limited liability partnership Representative office
Also known as SRL SA Zona Libera Partneriat cu raspundere limitata Reprezentanta a firmelor straine
Best use of company? All products and services Close a customer deal now Manufacturing and export Professional services Marketing & research
How soon can you invoice Clients\sign sales contracts? 2 weeks 3 weeks 3 weeks 3 weeks N/A
How soon can you hire staff? 2 weeks 3 weeks 3 weeks 3 weeks 4 weeks
How soon can you sign a lease agreement? 2 weeks 3 weeks 3 weeks 3 weeks N/A
How long to supply corporate bank account numbers? 4 weeks 4 weeks 4 weeks 4 weeks 4 weeks
How long to supply company registration \ tax numbers? 2 weeks 3 weeks 3 weeks 3 weeks 4 weeks
Corporate tax rate on annual net profits? 16% 16% 16% 16% €4,000
Limited liability entity? Yes Yes Yes No No
Government grants available? Yes Yes Yes Yes No
Government approval required for foreign owners? No No No No No
Resident director/partner/manager/ legal representative required? No No No No No
Minimum paid up share capital? €50 €20,000 €50 €45 None
Can bid for Government contracts? Yes Yes Yes Yes No
Corporate bank account location? Alpha Bank Bank Leumi Unicredit BRD Raiffeisen Bank
Can secure trade finance? Yes Yes Yes Yes No
VAT payable on sales to local customers? 19% 19% 19% 19% None
Average total business set up engagement costs? €8,820 €8,820 €14,620 Contact us €10,120
Average total engagement period? 2 months 2 months 2 months 2 months 2 months

Romania business setup summary

Press the link headings below to read detailed, relevant, up to date information.

  • Advantages and disadvantages

    Advantages of Romania company registration

    business registration regulations in Romania

    1. It is easy to set up a business in Romania:
      • A Romanian limited liability company can be registered within 2 weeks, with only 1 director and 1 shareholder, who can be of any nationality;
      • The minimum paid up capital required is only €42, and our Client does not need to travel to complete corporate bank account opening and company registration;
      • Opening global corporate bank accounts to assist Romania company registration is easy. Healy Consultants works with internationally recognised banks, such as Citibank, to provide corporate bank account services.
    2. Romania is a developing economy which offers the following advantages:
      • Romania currently has a GDP of US$239.6 billion and is growing at a steady rate of 4% year on year. Private consumption and high investment rates of 24.7% of GDP (highest in the EU) are the key drivers of this growth;
      • Romania has a growing export sector. Its top export industries are i) vehicle parts, ii) insulated wire, iii) cars, iv) refined petroleum and v) wheat;
      • Due to its EU market, a Romanian company will allow our Clients i) access to a massive consumer base of 18 million people ii) free movement of goods and labour and iii) absence of withholding taxes on goods sold within the EU;
      • Labour costs in Romania are low. The average hourly labour cost is €6, which is the second lowest figure amongst EU Member states;
      • Romania has considerable reserves of iron ore, tungsten, and especially, coal, with over 34 million tonnes being mined annually, making Romania an attractive location for the mining industry.
    3. Our Clients, setting up a Romania company also enjoys other benefits including:
    4. There are 6 free trade zones in Romania that offer numerous attractive incentives to companies belonging to the manufacturing, logistics and export industry in the country. The main incentives are as below:
      • All goods that are traded within the free zones are completely exempt from paying VAT and customs duties;
      • All companies are subject to a low corporate tax rate of only 5%;
      • All the 6 free trade zones are located in geographically favourable areas that enable smooth operation of ships to and from the port areas, thereby making Romania one of the attractive international trading destinations.

    Disadvantages of Romania company registration

    1. The official language in Romania is Romanian. Only a small fraction of people in Romania speak English. English speaking businessman may face communication barriers;
    2. Romania is negatively ranked as the 51st most competitive economy in the world in the Global Competitiveness Report 2019;
    3. Romania is negatively ranked as the 61st least corrupt country in the world, according to the 2018 Corruption Perceptions Index by Transparency International, a global measure of inhibiting corruption amongst public officials and politicians;
    4. Romania has frequent changes in its accounting and taxation legislation in just over a few years’ time. Therefore, foreign entrepreneurs are often required to source local suppliers to keep up with the changing regulations in the country;
    5. Romania is not a part of the Euro Zone. As a result, all payments are made and received in the local currency RON within the country. However, most of the companies have their i) high-end consumer products as well as ii) debts/loans priced in Euros. This poses administrative and operational challenges for these companies.
  • Best uses for a Romanian company

    Clients who wish to setup a manufacturing company within the EU can take advantage of:

    1. Romania’s 16% corporate tax rate, one of the lowest in the EU;
    2. The absence of withholding taxes for goods sold within the EU;
    3. Romania’s low labor costs;
    4. Highly skilled employees from all over Europe that can work in the country without an employment visa.

Work permit questionnaire 2021

Thank you for your inquiry today. I need a little more information from you to recommend a simple, practical, low cost solution to you.

Kindly complete the 5-minute questionnaire below. Your data will remain confidential and will not be sold to third-parties;

Within 2 business days, a senior consultant will email you or ring you;

    What is your preferred industry to secure work permit?*

    What is your preferred country to secure work permit?*

    What are your monthly salary expectations?US$ 0-2000US$ 2000-5000US$5000-10,000US$10,000+

    Are you familiar with general requirements for relocation (for example in European Union)?YesNo

    On what number can our staff call you?*

    What is your name?*

    To which email address can our staff connect with you or forward to an HR agency?*

    Are you most motivated by salary, political, travel or other reasons? (pick one)SalaryPoliticalTravelOther

    How soon can your start work abroad?*

    Are you comfortable working from home for a foreign employer?YesNo

    If yes, do you have access to uncapped high speed internet (Minimum 4Mbps)?YesNo

    What is your professional experience?*

    Would you like to be an employee or independent consultant?EmployeeConsultantI don't mind

    In what country are you resident currently?*

    Do you require to secure dependent visas?YesNo

    If yes, for how many people?*

    In what language do you prefer to communicate*

    Do you have sufficint savings to cover your living and travel expenses until first salary?*

    Do you require your employer to cover transport and housing matters?YesNo

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    Contact us

    For additional information on our business registration services in Romania, please contact our in-house country expert, Ms. Rashi Garg, directly:
    client relationship officer - rashi
    • Ms. Rashi Garg
    • Senior Client Relationship Officer
    • Contact me!