Are you a foreign citizen interested in starting a business in Romania, but the PFA legal structure does not suit your requirements? You may want to consider forming an LLC instead. Below are the necessary criteria for establishing an LLC as a non-resident.
Is it possible for non-natives to establish a business in Romania?
If you possess a strong concept and strategy, you are able to establish a company in Romania, regardless of your nationality. All you need to do is identify the suitable legal structure and adhere to the necessary procedure for establishment.
What are the reasons for starting a business in Romania?
Non-residents can enjoy various advantages, including a more favorable tax system in comparison to Western Europe, reduced wages for both virtual and physical assistants, and a minimal tax rate of 1% for micro-enterprises.
What are the benefits of selecting an LLC?
To elevate your business, opting for an LLC (limited liability company) could be the ideal choice. The following reasons support this statement: no specialized knowledge is necessary to form an SRL, individuals from both Romanian and foreign backgrounds (from EU and non-EU nations) are eligible to establish it, it permits the use of multiple CAEN codes, and the number of employees can be increased.
Requirements for forming an LLC as a non-citizen:
As stated in article 3 of GEO 44/2008, it is possible to establish an SRL in Romania even as a non-resident. The only conditions to be met are being at least 18 years old, having a clean record of complying with financial laws, and having a registered office.
Guide on setting up an LLC as a non-citizen:
The process is identical for both Romanian citizens and legal representatives. It is necessary to have a registered office in Romania and to apply for registration and authorization to operate. Additionally, CAEN codes must be selected and a company name must be chosen.
To avoid the bureaucratic hassle, you also have the option to reach out to us directly at frjacobs@telenet.be.
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