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» E&C Law Firm in Numbers

practicing for over 10 years

clients from over 35 countries

assisted over 150 foreign investors expand to Romania

office@romanianlawoffice.com

» Commercial Law
  • Setting up a company in Romania
  • Create a Romanian Joint-Stock company
  • Types of Romanian Companies
  • Romanian representative office or company branch
  • Registering a Romanian Micro-Company
  • Buying a Romanian Company
  • Permits & licenses
  • Incorporating a European Company
  • The Trade Register
  • Contract Law in Romania
  • Romanian Administrators
  • Liquidating a Company
  • International Contracts
  • Romanian Shelf Company
  • Authorized Physical Person
» Real Estate Law
  • Property Tax in Romania
  • The Romanian Land Registry
  • Purchasing real estate
  • Conditions for foreigners to buy Romanian properties
  • New conveyance VAT
  • The Recuperation of Properties 
» Taxation
  • New Minimum Corporate Tax
  • Deductibility Regulations
  • Avoid double taxation (e.g. Romania - UK)
  • Paying taxes
  • Repatriate profits
  • Anti-Crisis Measures
» Other
  • The Romanian Power of Attorney
  • Import-Export in Romania
  • Romanian Public Notaries
  • The Arbitration Court
  • About Legal Executors
  • Recognition of Foreign Judgments
  • Dismissal of employees
  • Non-Profit Organizations
  • Labor Law in Romania
  • A guide: Romanian Courts
  • Incentives for investments in Romania
  • Debt Collection in Romania
  • Trademark Registration
  • Trial Phases in Romania
  • About Romanian Lawyers
Anti-Crisis Measures taken by the Romanian Government

A series of measures were adopted by the Romanian State in order to ease the effects of the world economic crisis:

1. The Health Insurance contribution are established as follows: 5,5% owed by the employee and 5,2% for the amount owed by employers, and 10,7 for others persons (members of foreign missions in the country, foreigners being temporary in the country etc.);

2. Contributions to the Romania Pension fund for the year 2009 for normal working conditions is 28%, out of which 9,5 is owed by the employee and 18,5 is owed by the employer.

3. Contributions to the Romanian Unemployment Fund:
a) from the employer: 0,5%;
b) from the employee: 0,5%;


c) for persons having unemployment insurance: 1%;
d) contribution from the employer to the Salary Payment Guarantee Fund: 0,25%.

4. Reduced VAT: there are certain cases where the standard 19% VAT rate does not apply: a 9% is applied for the following service providers/delivery of goods: access to museums, historical monument, delivery of school manuals, orthopedic products, delivery of pharmaceuticals (for human and veterinary use), hotels and similar services etc. A rate of 5% is applied to the purchase of certain real estate properties in certain conditions (You can read more on this subject here).
 

Note: The Government Order No. 192/2008 has been recently annulled, thus revoking a series of expected benefits for companies hiring unemployed personnel and payment of taxes before due term.

 

               

 

 

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» Company Formation

We have exceeded 150 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.

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» Expanding to Romania
Our business lawyers have assisted a large number of foreign companies expanding to Romania.  Doing business in Romania implies having the appropriate legal background to set up the most advantageous structure, safeguard the client's activities and maintain a healthy relationship with the Romanian authorities. We have years of experience "translating" Romania's business world to the foreign investor and we are ready to use this experience in your benefit.

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