Formation and changes in the following subjects:•Limited Liability Company (SRL)•Joint Stock Company (SA)TaxesCorporation tax:16%Personal income tax: 16%Withholding tax:doesn´t existVAT rate:basic rate is 19%, other 9% and 5% are for specified goods VAT registration:Obligatory – at exceeding the annual turnover 65.000,- EUR Voluntary – the registration is very difficult, applicant must meet many requirements and among other the place of real business activity has to be in RomaniaTermination of a business:1. deletion from the Commercial Register preceded by bankruptcy or liquidation2. the company has a legal successor - the sale, M&A or split-up of the companyAccounting: obligatory Publicity of company´s data: company´s data are publicly available in the Commercial Register. We don´t offer the service of „nominees“ in Romania.Bank account: can be opened in Romanian bank (it is obligatory during company formation process) but also in some other european countries or Caribbean. Advantages of Romanian jurisdiction•Low tax burden•Fast economic growth of the country•Thanks to cheap but professional labour force and strategic geographic position is Romania suitable country for investments•Strong intellectual property protection – patents, designs, trade marks...Other services:•Correspondence forwarding•Supply residence and social and health insurance•VAT registration advisory•Services of translators and notary•Complex advisory•Holding structures and connections with other countries•Ensuring appropriate property for business and production•Virtual office
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