Romania
Romania is an EU member state with a strategic Black Sea location, offering one of the most competitive corporate tax regimes in the region and access to the EU single market. The country combines a large skilled workforce with growing IT, manufacturing, and services sectors.
jurisdiction.fiscalFramework
jurisdiction.taxSystem
jurisdiction.corporateIncomeTax
16%
jurisdiction.valueAddedTax
19% (9% / 5% reduced)
jurisdiction.keyFeatures
- Standard 16% corporate income tax rate
- Micro-company regime with 1% turnover tax for qualifying entities
- Participation exemption for qualifying dividends
- R&D tax incentives and IT sector exemptions
- Loss carry-forward for 7 years
jurisdiction.treatyNetwork Romania has an extensive double tax treaty network covering more than 85 countries, including all major EU economies, the United States, and key Asian markets.
jurisdiction.workforce
jurisdiction.employment
Romanian labor law is harmonized with EU standards and offers a competitive cost base with a large pool of multilingual professionals, particularly in technology, engineering, and shared services.
jurisdiction.socialContributions Total employer cost approximately 2.25% above gross salary (work insurance contribution), with most social charges (CAS 25%, CASS 10%) borne by the employee.
jurisdiction.keyRequirements
- Written employment contracts mandatory and registered with REVISAL
- National minimum wage set annually by government
- Standard working week of 40 hours
- Minimum 20 days annual leave
- Notice and severance defined by Labor Code
jurisdiction.establishingPresence
jurisdiction.companyFormation
jurisdiction.entityTypes
- SRL (Limited Liability Company)
- SA (Joint Stock Company)
- Branch Office
- Representative Office
jurisdiction.typicalTimeline
1-3 weeks
jurisdiction.capitalRequirements
SRL: RON 1 minimum share capital; SA: RON 90,000 minimum share capital.
jurisdiction.compliance
jurisdiction.regulatoryEnvironment
jurisdiction.keyRegulators
- ANAF (Tax Authority)
- ONRC (Trade Register)
- ASF (Financial Supervisory Authority)
- BNR (National Bank)
jurisdiction.complianceNotes
- Full EU regulatory compliance
- SAF-T standard audit file mandatory for large taxpayers
- E-invoicing required for B2B and B2G transactions
- Transfer pricing documentation required
jurisdiction.localExpertise
jurisdiction.ourPresenceIn Romania
We support clients in Romania through our regional network and trusted local partners, delivering coordinated tax, accounting, and advisory services aligned with our core jurisdictions.
jurisdiction.otherJurisdictions
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jurisdiction.ctaTitlePrefix Romania jurisdiction.ctaTitleSuffix
jurisdiction.ctaDescPrefix Romania.
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