Romania

Romania is the largest country in CEE after Poland and enjoyed a rapid economic growth over the past 20 years. Romania has been classified as a high-income country by The World Bank for the first time, based on the 2019 data (per capita income of $12,630). This important development indicator is fundamental for decisions and accession negotiations to the Organisation for Economic Co-operation and Development.

Doing business in Romania benefits from the low tax rates (10% both for corporates and individuals) and from a legal framework that is largely aligned with EU legislation. In particular, the local rules and regulations offer a range of corporate structures and well-defined legal procedures for establishment, which makes it easy to set-up and operate in country.

Romania is a frontrunner in the energy, oil & gas, technology and telecommunication sectors, offering incentives and a well-established legal framework to companies investing in these areas. Incentives vary from reduced tax rates for the employees to various grants and subsidies.

Our Services

Vistra Romania is the ideal partner for international and multinational companies that operate or intend to expand to Romania. The local compliance requirements, although aligned with the global regulations, could be quite customized and require good knowledge of local culture and local specifics. Vistra Romania employs experienced personnel who has a good understanding of both international business requirements and local needs. Our personnel is able to uniquely blend the two sets of requirements and to provide a foreign investor with clear and practical steps to being compliant with Romanian laws.

Our services are designed to assist a company through its entire operating cycle, from establishment to liquidation. We assist our clients to incorporate legal entities, obtain the necessary tax registrations and operating licenses and – when needed – we can also ensure local governance by acting as nominee directors and organising the corporate secretarial functions. 

On a recurring basis, we assist our clients comply with local accounting & tax rules, as well as with the local HR and payroll regulations.

Our services are tailored to the specific needs of the customers and include the conversion of local accounting data into group information that could be easily consolidated.

Vistra Romania is recognised for expertise and good communication, as well as for building strong relationships with its clients and working close with them to ensure that both local compliance and business operating targets are met.