Setting up a company in Romania

For company creation mail frjacobs@telenet.be

As a foreign investor interested in opening a company in Romania, it's essential to understand the process of setting up a new enterprise and the steps you need to follow. This comprehensive guide will provide you with the necessary information to establish your business in Romania successfully.

Overview of the advantages of setting up a company in Romania

Romania is emerging as a hub for engineering talent, with an increasing number of companies looking to tap into the country's vast pool of skilled engineers and technicians. Whether you're a business seeking experienced professionals or an engineer in search of new opportunities, Romania may just be the perfect destination. This article explores the benefits of recruiting engineers in Romania, the various engineering sectors, and the recruitment process.

More info mail frjacobs@telenet.be

Near shoring in IT sector Romania

The current economic climate is highly favorable for the growth of the transport sector. Globalization, the emergence of new economies, and more recently the global pandemic, have increased the need for transport services across the whole economy. Companies such as restaurants, online stores, import-export businesses and large retailers rely on efficient goods transport and demand for this is now higher than ever. Because of this, opening a goods transport business in Romania can be a very profitable venture, as tax and insurance costs are comparatively low.

Off-shoring in Romania is a hidden gem for technology outsourcing. The country's strategic location makes it one of the most featured countries among western European countries. Romania offers a substantial advantage, in quality and cost wise

What is Off-Shoring?

Off-shoring is the use of resources located outside the business location and managed from there. The advantages of off-shoring include cost savings, better quality, and reduced risk. However, the advantages are not free and there are also disadvantages of off-shoring.

Are you looking for experienced engineers and technicians or are you yourself looking for a new job as a specialist or management professional in Engineering? We can find for you....

The engineers are again in great search on the Romanian labor market. In addition to computer scientists, companies offer jobs for mechanical engineers, construction engineers or energy engineers.

Why engineers in Romania? Because they are well trained, true professionals, they have a low rate of resignations and extremely dedication.

When looking for up-and-coming European Union (EU) countries that have started to catch the eye of investors over the last few years, you should take a close look at Romania. In recent years, the country has become a magnet for those attracted by the growing startup ecosystem, especially within large cities like Bucharest and Cluj-Napoca.

Below are 5 reasons why you should consider doing business in Romania.

Low taxes

You have great recruitment plans and you want to move swiftly in a competitive market. You need to understand talent availability, compensation and how to be attractive. So you onboard the best talent in the shortest time possible.

We work closely with our clients to understand their needs and business, to ensure that not only the right skill set is found, but the right team and culture fit too. With this approach we have successfully delivered to a myriad of companies from startups looking to hire their first staff member through to high organizations working at scale.

Have you decided to sell your business? Or are you looking at buying a business? If so, what’s involved in doing this?

Here we provide a our perspective on matters related to the sale or purchase of an owner-managed business.

What it is that you’re actually selling or buying? This may seem like an unnecessarily obvious question, but it must be answered thoroughly. The answer will define much of what’s contained in an agreement for the sale of a business.

Buying and selling “shares” in a business

The agricultural economy represents the foundation of the Romanian civilization, this being over the centuries the source of existence but also the instrument of progress on these places. In recent years, Romanian agriculture has experienced a spectacular economic evolution and a technological transformation benefiting from significant investments through the common agricultural policies of the EU.

The individual employment contract is regulated by Law no. 53/2003 of the Labor Code.

An important aspect to be mentioned is that the minimum age to be able to work and have an individual employment contract is 16 years, as provided in the Labor Code. An individual employment contract can also be concluded for people who are 15 years old, but only with the consent of their parents and only if the work performed does not endanger their health and professional development.

New provisions on the sale of farmland located outside of the buildable areas is installed as per 13 October 2020.

As per 13 October, the foreigners can still buy agricultural land if they buy a company via a share deal. Other transactions are not possible any more for foreigners. Romania has put as single European country a limit for European citizens and other foreigners. Not very correct towards the citizens of Europe in my opinion.

We provide Payroll and  HR  services for over 14 years on the Romanian market and internationally.

Ensure a better administration of your employee documents and payrolls in Romania! We are ready to take over the administrative burden, by offering you the following services and online solutions:

If you want to start your own business you can open a freight company. In fact, due to e-commerce, the volume of transported goods has increased and, consequently, the spaces for new companies on the market.

Starting a company does not guarantee that your business idea will be a success and does not mean that once you set up your company you became a true entrepreneur; it is a necessary but not a sufficient condition. On the other hand, it is good to know that when you have a company you will have more responsibility: documents, accounting, all kinds of authorizations, controls, reports, but also advantages.

If you have an IT company in Romania, you can benefit from some general tax facilities, but you also have a special facility, specific to this area. Let's see what these facilities are and how we can benefit from them. For more info mail frjacobs@telenet.be

General facilities

Employers can benefit from budget subsidies, based on Emergency Ordinance no. 60/2018 for the modification and completion of some normative acts in the field of labor force.

The micro-enterprise tax is computed as follows:

• 1% for micro-enterprises with at least one employee*
• 3% for micro-enterprises with no employees

* A reduced rate of 1% is applicable for the newly set up Romanian companies having at least one employee and being incorporated for a minimum period of 48 months and whose shareholders/associates did not hold participation titles in other legal entities. This reduced tax rate is only applied to the first 24 months since the registration date of the legal entity.

Did you know that you have to risk  to be radiated and that you can loose  your business if you do not submit the statement of the real beneficiary to the ONRC?

More info mail frjacobs@telenet.be

The ONRC will organize a central register in which information will be registered regarding the real beneficiaries of the legal persons subject to the registration obligation in the trade register, except for the autonomous regions, the companies and the national companies and the companies wholly or majority state-owned.

Use our subvention and grant services in Romania

More info mail: frjacobs@telenet.be

Each year the amount of grants made by corporations, foundations, and government agencies increases. Organizations that do not have enough funding in place to hire more staff and set up an office for the express purpose of writing and managing grants can benefit immeasurably from the services of our grant or subvention file consultants.

Kan ik gemakkelijk een bedrijf oprichten in Roemenië ?

Vandaag is het relatief eenvoudig om een bedrijf op te richten in Roemenië. Wij adviseren op maat. De oprichting van een bedrijf in Roemenië is voor ons eenvoudig we hebben meer dan 15 jaar ervaring.

More info mail frjacobs@telenet.be

Keuze rechtsvorm bij het oprichten van een firma in Roemenië

De meest voorkomende rechtsvormen  zijn de SRL  (BV, BVBA) en de SA  (NV) . U kiest een rechtsvorm:

Создание компании в Бельгии

Создание бизнеса на новом рынке является, в общем, очень дорогостоящим и требует много времени, но вознаграждение и польза могут быть очень большими. В создании бизнеса существует много важных законных и финансовых сторон.  Вы должны посоветоваться с бухгалтерами,  консультантами и адвокатами бизнеса.

Download de nieuwe brochure @THE RECRUITMENT FACTORY

The revenue threshold of a micro enterprise will be EUR 1 million, from January 1, 2018. The tax rate for a micro enterprise, with one full-time employee, amounts to 1%, whereas the tax rate for micro enterprises with no employees reaches 3%.

According to the latest changes in the Fiscal Code,  a newly established legal entity is required to follow the micro-enterprise tax regime starting with the first fiscal year and will remain under this tax regime if it meets all of the following criteria:

Kom te weten hoe u voordeel kan halen uit de EU-fondsen voor Bulgarije en Roemenië!

Organisatie: Flanders Investment & Trade, samen met AWEX.

Dit seminarie biedt Vlaamse bedrijven praktische informatie over hoe een beroep te doen op de EU-fondsen voor Bulgarije en Roemenië. Het programma verloopt in het Engels en u heeft de mogelijkheid de sprekers persoonlijk te ontmoeten tijdens de netwerklunch.

CIBR Morning Memo          

Editor: Camera Imobiliara Belgia Romania, Buzau, Romania

Editor: Belgian Romanian Real Estate Chamber, Buzau, Romania

 nr. 3 /2018 – contact us at www.investromania.be

To unsubscribe send unsubscribe to   cibr@telenet.be complying with GDPR regulations

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Index:

De blijvende schaarste van kandidaten zorgt voor een krappe markt en het wordt steeds moeilijker om kandidaten te vinden. Bedrijven gaan dan oplossingen zoeken in het buitenland. Als gevolg komen bedrijven die wel eens de technische realisatie hebben uitbesteed er vaak achter dat het één en ander mis kan gaan. Slechte communicatie en/of het resultaat wordt niet geleverd wat er verwacht wordt. Veel bedrijven willen daarom liever alles in huis houden. Zo kun je snel schakelen en heb je overzicht wat er allemaal gebeurt. Maar het kan anders.

Opening an operation in a new market is generally the most costly and time-consuming way to enter it, but the rewards and benefits can be great. There are important legal and financial implications involved in setting up a business. You should take advice from our accountants or business advisers and lawyers.

Employer branding is nu nog te vaak ‘nattevingerwerk of windowdressing’ en de meeste bedrijven hebben geen ervaring met  ‘employer impact’.  Vandaag komt het erop neer dat u de kandidaat beweegt om op de apply link te klikken van uw bedrijf. Vandaag komt het erop neer dat de kandidaat zich laat informeren over jobs in uw bedrijf omdat deze bij U wil werken. De kandidaat heeft de kontrole maar u kan impact hebben op de kandidaat en deze bewegen om actie te ondernemen.
Dit doet u niet alleen met ‘employer branding’ u dient ‘employer impact’  te hebben.

‘’THE RECRUITERS NEWSLETTER’’
Edition: 1/2018
Editor: Freddy Jacobs, senior recruiter
INHOUD:

As of 1 January 2018, pension and health insurance contributions are to be deducted directly from employees’ gross salaries .  The Law mentioned as of 1 January 2018, the amount of social contributions paid on employment income will be as follows:

Contributions deducted from gross salaries:

Pension insurance contribution – 25%

Health insurance contribution – 10%

A work insurance contribution of 2.25% of the gross salary due by employers

We present some legislative news with impact in the field of labor law and tax law.

A.     CHANGES IN THE FISCAL CODE

Government Emergency Ordinance no. 79/2017 for amending and completing the Law no. 227/2015 regarding the Fiscal Code.

The new normative act includes several changes to the tax regime, among which:

Please visit the website for the current job openings:
https://pbs-worldwide.jobsoid.com/
www.jobs-in-europe.be

Why Employer Branding?

The new fiscal code.

Document storage is required when you have historic documents that you need to retain, but do not have the facilities to store them securely. It is likely that the cost your office space is comparatively expensive compared to archive storage, resulting in off-site archive storage being more economical that keeping the boxes of documents in your office.

We will briefly look at some findings around shortage of skilled labour force and engineers in Belgium and then discuss some solutions.

The facts

Robert Walters recently surveyed over 100 companies in Belgium to research the effect of both a candidate short market and the strategies businesses employ to manage them. According to this survey, an overwhelming 83% of employers in Belgium, regardless of company size, have experienced challenges when recruiting suitably qualified candidates.

More info: frjacobs@telenet.be

We are specialized in providing assistance and guidance related to international company formation in Romania, company registration in Romania and related services in Romania. We also assist with the management and administration of international companies, and provide company services that are designed to guide and support the daily business.

Voor bijkomend advies en info mail: frjacobs@telenet.be
Wij constateren  dat steeds meer ondernemingen kiezen voor de oprichting van een onderneming of dochteronderneming in het buitenland. Door de lage oprichtingskosten, snelle oprichtingsduur in combinatie met de beperkte aansprakelijkheid en lage belastingdruk  is  de Roemeense limited (srl) erg populair.

The new year will bring three important tax cuts in Romania. Not only the VAT rate will be lower starting January 1, 2016, but also the tax on dividends and the tax on small companies’ revenues. The New Year has brought several tax cuts in Romania benefiting consumers, small firms as well as those who receive dividends, according to local media reports.

Download the presentation in attachment

download the attachment

http://www.company-registration-romania.com/index.html