OUR OFFICES ARE IN ROMANIA

BUCHAREST, 61, bul. Unirii, Bl. F3,  030828

BUCHAREST,  Bulevardul Theodor Pallady 51,

office 507, 032258

BUCHAREST, MARAȘEȘTI nr. 42,
Sector 4, 040255

BUCHAREST, Strada Buzesti 75 – 77, 

Sector 1, 011 013

BUCHAREST, 69 Unirii Blvd, bl. G2B,

tronson 2, 030829

BUSINESS REGISTRATION AND SUPPORT IN ROMANIA 

Due to the full-scale invasion of Russia into Ukraine, businesses have to adapt to new realities, including considering the issue of opening or transferring business to European countries, in particular to Romania. Why Romania? The lawyers of Prikhodko and Partners have a well-founded answer. Above all, this country has had one of the highest rates of registration of representative offices, branches or new companies by Ukrainians. In addition, a large number of Ukrainians have migrated to Romania (as of May 29, almost 1 million people). 

Why Romania is one of the best business solutions in Europe? 

• Convenience of logistics and transportation through the northern border with Ukraine
• Favorable tax system
• Clear and simple organizational form of doing business
• Entering the EU market 

The main advantages of creating a business directly include the quick process of company registration, ease of compliance when opening an account, as well as when making payments, and the absence of currency controls for operations in euros and dollars.

In addition, tax conditions are of particular interest to any business. Romania has the most attractive tax regime in the EU for small businesses – companies with a turnover of up to 1 million euros per year. In this case, the corporate income tax will be: 1% of the turnover for an enterprise with one or more employees; 3% of turnover for a company that does not have employees. The standard corporate income tax rate is 16%. VAT – 19% with the possibility of applying reduced rates of 9% and 5% for restaurant, tourism, medical and other types of business. Tax on dividends for individuals is one of the lowest in Europe – 5%, including for non-residents. The obligation to register as a VAT payer arises when the threshold of 300,000 RON is exceeded, which is roughly equivalent to 62,000 EUR. Romania is a party to more than 80 agreements on the avoidance of double taxation, including with Ukraine since 1996.

The most common organizational form of doing business in Romania is a limited liability company – SRL (Societate cu Raspundere Limitata), an analogue of a Ukrainian LLC. Analogues of the self-employed person and the individual entrepreneur (FOP in Ukraine) are not popular in Romania, as they cannot take advantage of the preferential tax regime of 1/3%.

Romania has been a member of the EU since 2007 and therefore, opening a business in this country, you get free access to the market of European countries with their 450 million consumers. At the same time, the cost of skilled labor in Romania is one of the most affordable in Europe.

CONCLUTION

Summing up, it is safe to say that Romania is one of the most attractive European jurisdictions for Ukrainian business today, given its geographical proximity, logistics and favorable taxation.

This is especially true for small businesses, IT companies and trading companies that plan to enter the EU markets. 

Registering a business in Romania gives you the following advantages 

• Cancellation of requirements for minimum authorized capital from 2020.
• The possibility of registering a company remotely using a notarized power of attorney, including a foreign one with an apostille.
• Guaranteed opening of a bank account in a European bank in local currency RON, Euro and USD.
• The director of the company can be a non-resident natural person, without the need to obtain an additional work permit.
• Possibility of issuing a European residence permit for the director or employees.

How to register a business in Romania, what you need to know about how to start a business, what taxes and what nuances arise when creating or transferring a business to Romania – these are exactly the questions to which the lawyers of Prihodko and Partners Law Firm clearly know the answers and are ready to provide them to you . For 5 years, our company has been supporting international companies, including those located on the territory of Romania.

OBTAINING A RESIDENCE PERMIT AND CITIZENSHIP OF ROMANIA

BENEFITS OF LEGAL RESIDENCE IN ROMANIA

• permanent residence in the territory of the European Union;
• official employment in Romania and other EU countries;
• studying at universities of the European Union countries;
• travel to more than 170 countries of the world without visas;
• loyal taxation when doing business on the international market;
• access to medical care in modern clinics in Europe;
• financial, legal and social security of citizens;
• the possibility of opening accounts and depositing funds in reliable European banks.

Consultation on migration issues in Romania includes 

Explanation by our lawyer of complex migration norms and legal requirements in a language that is understandable to you. In particular, they will explain to you how to immigrate to Romania correctly, what legal services in Romania should be paid for by a lawyer, and what things can be done independently, what documents need to be taken in Ukraine for a legal stay in Romania, how to affix an apostille on documents, how to request documents from state offices structures of Ukraine and what to do with them in Romania.

Ukrainian lawyer in Romania 

This is our competitive advantage, because the Prihodko and Partners Law Company has its own offices in the largest cities of Romania, and provides migration support in Ukrainian and Russian in the following cities

• Migration lawyer (migration consultation) in the city of Bucharest
• Migration lawyer (migration consultation) in the city of Iasi
• Migration lawyer (migration consultation) in the city of Timisoara
• Migration lawyer (migration consultation) in the city of Galati

Migration lawyer in Romania – Prihodko and Partners Law Firm is your reliable partner.