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- Setting up a company in Romania
- Create a Romanian Joint-Stock company
- Types of Romanian Companies
- Establishing a Romanian representative office or company branch
- Registering a Romanian Micro-Company
- Buying a Romanian Company
- Permits & licenses for Romanian companies
- Incorporating a European Company
- The Trade Register
- Contract Law in Romania
- Romanian Administrators
- Liquidating a Company
- Law of International Contracts
- Property Tax in Romania
- The Romanian Land Registry
- Purchasing real estate
- Conditions for foreigners to buy Romanian properties
- New conveyancing VAT
- The Recuperation of Properties
- New Minimum Corporate Tax
- Deductibility Regulations
- Avoid double taxation (e.g. Romania - UK)
- Paying taxes for a Romanian Company
- Repatriate profits
- Anti-Crisis Measures
Repatriation of profit from Romania
Dividends received from a Romanian company are to be taxed
by Romanian authorities, no matter if the income is received in Romania or
abroad. The owed tax to be paid by the non-residents for income obtained in
Romania is 16%.
After the date Romania has joined the European Union (2007) the dividends paid
by a Romanian company to a company resident in another member-state, are
exempted from taxing, if the beneficiary of the dividends owns a minimum of 15%
of the
shares of the Romanian enterprise for an uninterrupted period of at least 2
years, terminated at the date of payment of the dividends.
One must also take into account the existence of a series of Conventions for
Avoidance of Double-Taxation, signed separately with a number of countries and
which stipulate a number of specific clauses.
Current and capital monetary operations can be completed between
residents (defined as Companies or any other entities headquartered in Romania
as well as physical persons, Romanian citizens, foreign and stateless persons
with domicile/residence in
Romania, authorized and/or registered to deploy economical
activities on Romania’s territory) and non-residents in foreign and national
currency (Lei). Residents have the right to obtain and own financial actives
expressed in foreign currency. The amounts in Lei and quoted foreign currency
detained by the residents can be converted through the currency market.
Residents can also open foreign currency or Lei accounts with credit
institutions and other similar institutions.
Measures imposed by the Romanian National Bank
The Romanian National Bank can take safeguarding measures related to the
monetary capital operations, measures which will apply to both residents or
nonresidents. As examples, these measures taken by the National Bank can be the
following: Obligation of residents and non-residents to notify the Romanian
National Bank with at least 10 days before the intention to conclude monetary
capital operations on a short-time basis, establishing limitations for monetary
capital operations on a short-term basis which generate incoming/outgoing of
capital from residents/non-residents, applying a commission for the initiation
of transactions regarding the monetary market etc.).
We have exceeded 100 incorporations of Romanian companies having foreign shareholder structures. We offer complete legal assistance for any type of Romanian company formation including Romanian SRL (LLC) or Joint-Stock (SA) registration, office address and general advice for matters related to taxation, Labor regulations as well as on-going assistance after the formation of the company.
