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DOING BUSINESS IN ROMANIA www.dfk.com 1 This document describes some key commercial and taxation factors that are relevant on setting up a business in Romania. 2 1. Background 1.1 Country overview
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Doing business in Romania refers to the activities carried out by individuals or companies in the Romanian market. It involves establishing a presence, conducting commercial transactions, and complying with the local business regulations.
Any individual or company that intends to conduct business activities in Romania is required to file for doing business. This includes both foreign entities that want to establish a subsidiary or branch, as well as local entrepreneurs.
To fill out the doing business in Romania, you need to gather relevant information about your company, such as its legal name, address, ownership structure, and details of shareholders or directors. You must also provide financial statements, tax registrations, and any other necessary documentation. The exact process may vary depending on the type of business you plan to establish and the applicable regulations.
The purpose of doing business in Romania may vary depending on the individual or company involved. However, common purposes include expanding into a new market, accessing the country's skilled workforce, taking advantage of the favorable business environment, or benefiting from the various incentives and opportunities offered by the Romanian government.
The information that must be reported when doing business in Romania generally includes the company's legal name, address, registration details, tax identification number, financial statements, information about shareholders or directors, and any other relevant documents as required by the local authorities.
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