Starting with 1st of January 2024, the rules have been changed, below are the requirements to benefit from 1% revenue tax.

1. You have to have at least 1 employee, whereby you have to pay the minimum gross salary of EUR 660 per month. Out of this, about EUR 260 have to be paid to the government as payroll taxes. You can also hire yourself to meet this requirement.

2. The revenue related to consultancy and management activities must not exceed 20% of the total revenue.

3. The yearly financial statements must be duly and timely submitted until the 31st of March for the previous financial year. For this, the services of an accountant are required.

4. Your yearly revenue cannot exceed EUR 60,000.

5. Certain activities are not eligible, such as IT / computer related activities, hotels, restaurants and medical assistance.

For the 3% revenue tax, the above first three conditions still apply.

The fourth condition, your yearly revenue limit is increased, thus it cannot exceed EUR 500,000.

The fifth condition does not apply. Thus, all activities are eligible for the 3% revenue tax.

If you do not meet the requirements for the 1% or 3% revenue tax, your company will pay 16% corporate tax (profits tax).

In addition to the 8% dividend tax, you only have to pay the health insurance tax, which is calculated as per below:

This tax is not payable if you are not a resident of Romania.

Fixed EUR 400 per year, if the yearly dividends are between EUR 4,000 and EUR 8,000 (approx.).

Fixed EUR 800 per year, if the yearly dividends are between EUR 8,000 and EUR 16,000 (approx.).

Fixed EUR 1,600 per year, if the yearly dividends are above EUR 16,000 (approx.).

The above is calculated per shareholder.

No, your presence in Romania is not required. We will form the company remotely, in your absence.

No, there is no notary public required.

Because we are lawyers, we are licensed to certify the documents which otherwise are required to be notarized. Thus everything is easier and faster, since you don't have to leave your computer to go to a notary public.

You will only need to send us a copy of your ID card or passport and fill in a short questionnaire with information required by the Trade Registry.

Please contact us below and we will revert with such questionnaire in no time.

If all goes smooth, it takes around 3 days from the moment we have all documents prepared.

Our services include assistance, corporate document drafting and legal representation of you in front of the Trade Registry, when setting up your company.

The tax of EUR 30 have to be covered by you.

We also offer additional services:

1. company address rental for 12 months (i.e., virtual office);

2. obtaining an EORI number;

3. obtaining an EU VAT or local VAT number;

4. obtaining a NIF (Romanian personal tax ID number) for any of the shareholders or directors;

5. opening a bank account;

6. accounting services.

The above fees and taxes, excluding the accounting services, are VAT exclusive. In Romania, the VAT is 19%.

In Romania, the only professional consultant licensed to carry out legal services such as company formation is a licensed lawyer.

In Romania, these terms are equivalent and should not be considered substeps of a bigger procedure, like in certain other countries.

Thus, the following represent the same procedure: Romanian company formation, Romanian company registration, setting up a Romanian company, opening a Romanian company and establishing a Romanian company.