By using the company's services, I learned that starting a business isn't so difficult when you have someone to guide you. I had a great experience, and the result was worth it!
⚠ The TOP 7 mistakes when starting a business in Romania:
- No one tells you about!
The details no one will tell you! Learn all this and more in your free initial consultation with one of our experts.
Free initial consultation
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By using the company's services, I learned that starting a business isn't so difficult when you have someone to guide you. I had a great experience, and the result was worth it!
I need to improve my English! I can only get by halfway with my broken English... The GO EU team is super friendly and helpful. One star deducted because they don't have enough German-speaking tax advisors.
I've had bad experiences with an offshore company before. I'll give this one another try. The contact seems quite professional and competent – so far. I'll keep you posted...
Daily regulatory hurdles, cease-and-desist letters, customer threats, and excessively high return rates in Germany almost forced me to close my business. The 1% model saves me a fortune in taxes, makes me significantly more profitable, significantly reduces return rates, eliminates cease-and-desist letters, and removes all the business-unfriendly harassment.
Where can I speak with one of your consultants? I'd like to see the prices and discuss the advantages. Is it better than having a company in Dubai?
Greetings to the GO EU team! Implementation was quick and easy. The accounting is world-class; I was able to submit all invoices. Thank you!
A lot of international entrepreneurs utilize virtual offices without verifying that they meet Romanian Commercial Register requirements.
When the authorities then deem these addresses incorrect during verification, this creates issues.
The basic norm in Romania is that, unlike in Western countries, adding a name to a mailbox does not activate the address.
The exact reverse is true: A legal evaluation of a company's registered office is necessary must make sure it can survive the tax authorities examination.
It should also provide sufficient proof, which means a lease agreement with the rental space's paperwork should be created.
➜ Recommendation: Since our company's offices are right next to a law practice, correspondence may be answered and translated very away. This is a component of our original service.
The details no one will tell you! Learn all this and more in your free initial consultation with one of our experts.
Free initial consultationRegardless of the nation, a notarial deed is typically necessary when establishing a business, particularly for corporations like limited liability companies.
Regarding the subsequent procedures: 1. Registering a business, 2. Applying for a VAT ID number, and 3. Authorizing a tax counselor who has been approved by the state, a
In every instance, a notary appointment is necessary!
Typically, doing so remotely entails hiring an interpreter from the Romanian embassy, scheduling a fresh notary appointment in the hometown each time, and having an apostille affixed at the district court.
➜ Apostille and online notarization is an integral a component of our business establishment.
The details no one will tell you! Learn all this and more in your free initial consultation with one of our experts.
Free initial consultationAs mentioned earlier, applying for a VAT ID number requires a further appointment with a notary to register it.
Once the company is founded and the appropriate accountant for tax support has been chosen, it's the same story again:
I must have been appointed by a notary to be your tax advisor for your company. And then, in the next step, you'll hear from your Romanian accountant again:
"I need to apply for your company's VAT ID number now. Can you come to Romania to see a notary? And then quickly go to your local notary at home?"
➜ Recommendation: Apply for a VAT ID number during incorporation via a second digital notary appointment and also authorize the tax advisor remotely, without travel, via an online notary's office.
Romania has some of the lowest tax rates in Europe. However, the Romanian government adjusts them annually.
So what's the current rate? Is it still worth living in Romania?.
The tax rate for micro-enterprises remains at 1-3% of revenue. This remains unchanged! However, the threshold and the dividend tax have been adjusted a few times.
Nevertheless, Romania is very attractive with an income tax rate of only 10%.
➜ In conjunction with a US LLC and a Romania setup, the overall tax burden can be further reduced.
(Subject to compliance with and implementation of certain regulations, like type comparison)
Creating a bank account, keeping books, submitting yearly financial statements and balance sheets, requesting a tax identification number,
VAT ID, postal translation, and forwarding.
All of them are common duties that, in some situations, take place annually.
➜The points mentioned above are part of our formation concept.
Also live assistance from our accountants and tax specialists is included.
Access to funding in Romania presents a significant opportunity for companies,
founders and agricultural businesses to realize investments, innovations and growth.
Particularly in the context of EU funding policies, Romania offers numerous programs that include non-repayable grants and tax breaks.
➜ The points mentioned above are part of our formation concept.
Romania has a thriving IT sector and is frequently chosen as a location for IT outsourcing.
Many Romanian IT experts work in software development, IT consulting, and technical support.
The Romanian education system regularly produces highly qualified specialists, especially in the fields of mathematics and computer science.
➜ The points mentioned above are part of our formation concept.
Nearly the same amount of people ask us, "We already have a company in Romania!" Are you unable to assist? Although it's difficult to locate qualified tax advisors anywhere, Romanians have a somewhat different mindset. Since many transactions are still completed by hand, diligent accountants sometimes have to increase their fees substantially in order to attract new customers.
For everyone else, setting up a business remotely means: scheduling a notary appointment yourself, hiring an interpreter from the embassy, and having the document apostilled at the local court —as well as covering all the additional costs yourself. With us, it's different: Digital notary appointments cover all these points, cost three times as much, but are included!
A Romanian SRL provides you with a liability restriction same as a LLC, shielding your personal assets from the obligations of the business.
The details no one will tell you! Learn all this and more in your free initial consultation with one of our experts.
Free initial consultation- Complete company formation
- Name registration
- Lawyer and notary fees
- Deposit of share capital
- Commercial Register Entry
- Premium business address
- Opening a bank account at a direct bank
- Mail forwarding & translation
- Expert support & assistance
- as well as 20 minutes of business advice in international tax law included!
Daniel Maier
Thomas Hofmann
Adil Hussain
Cezar Stefan
Sebastian Mates
Are you a resident in Western Country? And still want to save on taxes? Yes! Find out all this and more in a free consultation with our experts!
Book a free consultation
Romania also has accounting requirements similar to those in the EU. Limited liability companies (SRLs) are required to maintain monthly accounts, prepare annual financial statements, and produce a balance sheet.
Our European branch, as the name suggests, deals with business start-ups and emigration within Europe.
Book a free and non-binding initial consultation where we can discuss your questions and requirements.
One of our experts will assess your current situation and work with you to explore which countries and options exist to achieve tax savings.
Consultations are always cross-border. In all cases, setting up a company in Romania is not always the best option.
