The Virtual Business Club TheRomanianClub.com was created as a response
to the lack of free information about
the Romanian business world. We offer for FREE:
1. Recommendations of Romanian-based companies for specific areas;
2. Articles and general information in areas like Romanian real estate,
taxation, Romanian Law, general advice for business setup in Romania etc. If
we can't help directly we recommend someone who can.
3. Online answers to common questions for foreign investors in Romania.
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Romanian Real Estate Q: Where do I find a
Romanian property or a Romanian real estate agent online? A: A few examples:
www.dreaminvesthome.com,
www.property-abroad.com,
realestate.ro-imobile.ro. Q: Can I buy
Romanian property as a foreigner? A: Just read article at the link below:
http://www.romanianlawoffice.com/purchase-romanian-property.htm Q:
What taxes do I have to pay if I purchase
property in Romania? A: You would have to take into account the
tax to the Romanian State, Public Notary Fee and eventually VAT depending on
whether you are buying directly or through a Romanian company.
Taxation Q: How much
is VAT tax in Romania? A: 19%.
Q: I want to start a business in Romania. How much is taxation?
A: Romania has a unique 16% tax of the reported profit. Q:
Is hiring an accountant necessary if starting a Romanian business?
A: Yes. Even if opening a Romanian company for limited purposes (such as
buying real estate) you will have to consider hiring an accountant at least
for semmestrial reports to the Tax Authority.
Legislation Q: Can I contact Romanian
lawyers online? A:
www.RomanianLawOffice.com Q: Where can I find
official information about Romanian lawyers? A: Each major
city has its own Bar with its own website which contains a database of
registered attorneys. E.g. for Bucharest:
www.baroul-bucuresti.ro.
Q: I already have a company outside Romania and I
want to expand to Romania? What choices do I have? A: What you
first have to figure out is whether you just need a representative office (a
branch without legal personality) or an independent company (with shares
owned by your existing company).
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