please let me know the company you go with. Be aware that you will need a VAT# iwhen you pass 60.000 euro turnover and therefor physical office with a lease contract.Will initiate the incorporation with Micro-Corp and Trasferwise.
I've picked Darie and Manea one. Already getting physical office and VAT. But thanks anyway, I've gone through all available information I could find, and your posts in this and other threads were quite helpfulplease let me know the company you go with. Be aware that you will need a VAT# iwhen you pass 60.000 euro turnover and therefor physical office with a lease contract.
Looking forward to your results!!I'm just starting the process of incorporation Will report how it went once the company will be operational.
you really want to discuss this with a local professional. You really want to spend some money on consultancy to get proper information from the source.Quite confused about a phrase I read in the DeLoitte excerpt posted previously. About Technical Service Fees.
"management and consultancy services performed by a nonresident entity for the benefit of a Romanian company are subject to a 16% withholding tax"
Do they mean "management" as in controlling the company, or do they mean managing as in "doing work for"?
I have a lot of expenses and salaries that I pay to virtual assistants in Asia. Does this mean that I have to pay 16% extra on those?
I shall do that. Just got confused by that phrase, that is basically newspeak and means nothing on its own. I believe it is not as bad as it sounds though, because of the 16% withholding being exactly the same amount as most other taxes levied on non-resident holders of Romanian companies. Would just be good to know in advance, cause in the unlikely event I have to pay 16% extra to hire freelancers, I'll just skip Romania altogether.you really want to discuss this with a local professional
From what I understand is that for micro companies that there is 5% dividend with holding tax for resident share holders and 16% for non resident share holders.I shall do that. Just got confused by that phrase, that is basically newspeak and means nothing on its own. I believe it is not as bad as it sounds though, because of the 16% withholding being exactly the same amount as most other taxes levied on non-resident holders of Romanian companies. Would just be good to know in advance, cause in the unlikely event I have to pay 16% extra to hire freelancers, I'll just skip Romania altogether.
Hi thanks, I think you are right.Thanks for the file.
The requirements are cumulative, i.e. the more you have, the better. I'm planning to get a rented apartment and apply for residency right away (since I'll need to cancel my tax residency in my home country). Apartment + company (and minor things like driver licence, social security, phone number etc) should be enough for establishing residency.
After that you don't need to care about 183 days rule, just remember to visit Romania from time to time and don't get residency in other places
Thanks for that file indeed. I do not have an answer for you, but I will read that file with interest.Hi guys I can confirm that for micro companies you pay 3% on revenue (not profits) up to 1M € and 16% on profits above that level.
I am in Romania now, going through whole process. If I have some answers I will share.
Taking my time. I do want to spend some time In Romania initially as I want to build some substance for my business. I will use a local lawyer most probably.Good to see you in the thread.
Are you rolling with a lawyer and an unknown price, or did you get some kind of prepaid package that includes everything?
Thanks for that file indeed. I do not have an answer for you, but I will read that file with interest.
I am in a similar situation to you. I am an EU citizen, but I will want to register in Romania and run a micro company. I am more concerned about my own current government than the Romanian one, and I am almost certain that my own country wants me to spend a verifiable 6 months abroad (preferably in Romania then).
I am seeing that virtual offices for the company address are available at 25-40 Euro per month. Ideally I would want to use a virtual office for my registration address too, but I doubt that is acceptable (to Romanian gov and the virtual office company) or waterproof (for my current tax authority).
Now if I rent a cheap flat for a year, I could register the company there and "live" there myself. But some sources (R&R Partners Bucharest YT channel) tell me that one needs to get permission from the neighbours if one is to run a company from a private apartment.
Of course it is one more large expense if one needs to rent an apartment AND a virtual office, and a phone line and pay electricity, yet still only spend 2-3 months there a year. One option would be to buy a cheap apartment to register in, then rent it out.