Romania offers attractive tax benefits, with corporate tax rates among the lowest in Europe (between 1% and 16%). Additionally, setting up a company in Romania provides access to a growing market, competitive labor costs, and regulations favorable to foreign businesses.
The main advantage is the corporate profit tax rate of 16%, significantly lower than in many Western European countries. Moreover, there are tax exemptions for certain sectors, and social contributions are also lower compared to other countries.
The standard corporate profit tax rate is 16%, one of the lowest in Europe. This allows companies to significantly reduce their tax costs compared to other jurisdictions.
There is also a tax rate of 1% to 3% on turnover under certain conditions.
No, you do not need to be a resident in Romania to establish a company. It is possible to do so remotely, especially by using a service provider like Smart Tax Romania.
Yes, a Romanian bank account is necessary to deposit the share capital and conduct the company's transactions. We can assist you in opening this account.
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