The Foreign Investor’s guide 2016
Investing in Romania
Dear Reader,
It gives me great pleasure to welcome you to Romania. Some of you have been present here, active and prosperous for so many years, that you form an integral part of my country and its success story. Others might be yet unfamiliar with Romania’s value proposition. Our goal is to create a guide that both old-timers and newcomers would find informative and which would convince you of our dedication to Romania’s ongoing economic transformation.
In the past 16 years, Romania’s USD GDP quintupled, and its
output grew significantly in sophistication and quality. This success story was written by the highly qualified Romanian workforce, women and men who contributed to the design of the Mars Rover, created one of the leading cybersecurity firms worldwide, manufactured critical components for a leading aircraft brand to be found in every newly produced jet, built tires for Formula One cars, designed technologies for EVs and autonomous vehicles, built high tech 3D printers, employed their creativity to win film festivals or to develop innovative software solutions, to name but a few.
This guide will help you understand Romania’s competitive advantages and how to best lever- age them. We know that every investor story is different and are committed to providing our full support in making your journey a success.
Every year Romania adds another USD 8 billion to its economy. Visit us to understand how. Become part of our success story.
Sincerely,
Manuel Costescu Head of InvestRomania
152 Calea Victoriei Bucharest, Romania
+4 (0) 21 318 5052 [email protected] investromania.gov.ro
Table of Contents
Investment Climate
Why invest in Romania
Ease of doing business 5 FDI stock evolution
FDI by country of origin and sector
Attractive regions for FDI
FDI stock by activity sectors 7 Success stories
Economy
Macroeconomic outlook
Business cycle evolution
Public finance
Labor force
Education
Energy and resources
Infrastructure
Regional development
Key facts and figures by region
Business Ecosystem
Ways of doing business
Legal structures
Starting a company
Setting up a branch office
A branch vs a subsidiary
Competition law regulation
Financing Availability
Local banking products
Financing through EU Funds
Financing through the Ministry of Economy
State Aid Schemes
Investment plan for Europe
Employment and Labor Law
Labor Law Regulation
Types of contracts
Employment cost structure
Fiscal Policy
Fiscal policy overview
Direct taxes
Corporate income tax
Personal income tax
Indirect taxes – VAT
Fscal incentives
Living in Romania
Cost of living
Expat community
Living in Romania
International Schools
investing money in Romania investment opportunities business ideas
