Een bedrijf oprichten in Roemenie en fiscale holdingstructuren in Roemenie

Voor bijkomend advies en info mail: frjacobs@telenet.be

Wij constateren  dat steeds meer ondernemingen kiezen voor de oprichting van een onderneming of dochteronderneming in het buitenland. Door de lage oprichtingskosten, snelle oprichtingsduur in combinatie met de beperkte aansprakelijkheid en lage belastingdruk  is  de Roemeense limited (srl) erg populair.

Doordat de Europese wet- en regelgeving in de loop der jaren is versoepeld en vele fiscale voordelen biedt voor zowel grote als kleinere ondernemingen, zien het aantal nationale holdingoprichtingen en bedrijfsoprichtingen afnemen, terwijl juist de oprichting van internationale holdingstructuren en buitenlandse bedrijven oprichten een ware “hype” aan het worden zijn. Een holdingstructuur is aanwezig wanneer een vennootschap (holding) aandelen houdt in een andere vennootschap (werkmaatschappij). De onderneming wordt uitgeoefend in de werkmaatschappij, waar ook het ondernemingsrisico wordt gedragen. Belangrijke activa, zoals pensioenrechten, intellectuele eigendomsrechten (IE), onroerende zaken, overtollige winstreserves, kunnen worden ondergebracht in de holding. Indien de werkmaatschappij in een verlieslijdende situatie geraakt, blijven deze activa beschermd. Schuldeisers kunnen zich in beginsel niet verhalen op het vermogen van de pure houdstervennootschap. Het aansprakelijke ondernemingsvermogen kan door de keuze voor de holdingstructuur aldus worden beperkt. Bij meer uitgebreide structuren geldt verder dat risico's die zijn verbonden aan verschillende bedrijfsactiviteiten onderling kunnen worden afgeschermd door deze in afzonderlijke vennootschappen onder te brengen. Hoewel de rechtspersonen organisatorisch en economisch verbonden zijn, is iedere rechtspersoon alleen voor haar eigen verplichtingen aansprakelijk. De ondergang van één onderdeel vormt geen bedreiging voor de voortgang van de andere activiteiten. Daarnaast heb je ook de fiscale voordelen op dividenden (5 percent in Belgie)

De crisis heeft minder impact op bedrijven, welke zijn gevestigd in een land met een fiscaalvriendelijk klimaat en flexibel ondernemingsrecht. Hierdoor wordt een snellere vermogensopbouw mogelijk door de verlaagde belastingdruk op de buitenlandse onderneming. In Belgie, Nederland, Engeland en Duitsland is de verplaatsing of oprichting van de onderneming naar een Roemenië in de plaats van naar een belastingparadijs razend populair geworden. Ook landen als China en Amerika, welke mogelijk meer voet aan de grond willen krijgen binnen Europa kiezen vaak voor  Roemenië als thuisbasis.

Voordelen van fiscale buitenlandse structuren

Roemenië kent een zeer sterk toenemend aantal fiscale buitenlandse holding structuren en bedrijfsstructuren waarvan de meest bekende voordelen hieronder worden genoemd:

• Voordelige en snelle oprichting
• Beperkte aansprakelijkheid
• Verlagen van de belastingdruk door gebruik te maken van belastingverdragen
• Grotere internationale bekendheid

Voor wie zijn fiscale buitenlandse holdingstructuren en bedrijven het meest interessant?

Hieronder volgt een niet limitatief  overzicht van ondernemingen welke reeds gebruik maken van buitenlandse fiscale holdingstructuren:

• Trading companies
• Webwinkels
• Franchise ondernemingen
• Scheepvaart ondernemingen
• Internationale werknemers
• Software & IT ondernemingen
• Technische ontwikkelaars
• Mode industrie
• Top sport
• Productie industrie
• Ondernemingen met inkomsten uit intellectueel eigendom (royalties)
• Vastgoedondernemingen

Voorbeelden van fiscale buitenlandse interessante fiscale combinaties en opzetten:

• Royalty structuur
• Import / Export Structuur
• Dividend Structuur
• Financieringsmaatschappij
• Investeringsmaatschappij
• Consultancy structuur
• E-Commerce Structuur (zeer geschikt voor webwinkels)

Voor bijkomend advies en info mail: frjacobs@telenet.be

Micro company in Romania has a tax regime of 3 percent till 100.000 euro – taxes in Romania

More info mail frjacobs@telenet.be

The micro company is a very interesting company as the tax levels are very low. It can be used to save money as it is a company it is fully legal (piggy bank). With this company you can invest and when you make the pension you simply dissolve it and then the remaining money will be transferred after legal dissolvation in conformity with law 31/1990 to your personal account.

According to GEO 50/2015 amending the Law 227/2015 - The new Fiscal Code, published in MOF No 817 of 3 November 2015 starting 1 January 2016 for micro cap will be 100,000 euros.

Conditions of admission to a company in the micro category:

• incomes other than the activities in banking, insurance and reinsurance, capital markets, gambling and exploration / exploitation of natural deposits;

• incomes other than those of consulting and management, in a proportion of 80% of total revenue;

• incomes do not exceed the RON equivalent of EUR 100,000;

• share capital must be held by persons other than the state or local authorities;

• dissolution is not in liquidation, registered in the Trade Register or the courts.

Income tax

Taxing income microenterprises are made depending on the number of employees:

• The tax rate 1% - minimum 2 employees;

• The tax rate 2% - one employee;

• The tax rate 3% - no employees.

For the company to benefit from reduced rates of income tax (1% or 2%), employees must be full-time employees. Tax Code states that if, during the fiscal year, the number of employees changes, tax rates mentioned above will apply beginning with the quarter in which the change is made.

For enterprises that have an employee or two employees when the service terminates, maintaining the tax rate is considered fulfilled if during the same quarter are hired new employees.

More info mail frjacobs@telenet.be

VAT Registration In Romania New Procedure 2016

VAT registration

The procedure for VAT Registration in Romania has changed yet again in January 2016. There is a questionnaire of 22 pages to be submitted at ANAF with the corresponding attachments conform with the opisul that comes with the new regulations. The VAT registration Romania process specifies that the company in question must meet a number of conditions such as: to be formally incorporated according to the laws of our country, to have a real registered office, to submit to the National Agency for Fiscal Administration (ANAF) all statements and claims provided by law, to submit the balance sheet for the last month prior to filing the application.

1) The taxable person must be able to perform their activity in the registered office or secondary locations. To assess this criterion one has to file an affidavit (criteria stipulated in the old legislation has been maintained in the new provisions);

2) None of the directors and / or shareholders of the taxable person seeking registration for VAT purposes, according to art. 153 para. (1) a) and c) and paragraph. (9 ^ 1) of the Tax Code and any taxable person requesting registration under art. 153 para. (1) c) and para. (9 ^ 1) of the Tax Code cannot have criminal records. If administrators and shareholders are not registered in Romania, they must submit an official declaration of showing that they do not have criminal records;

3) The administrator needs to proof his income 12 months before the application for VAT and he or she needs to provide that tax authorities with a copy of the diploma that she/he holds.

4) The most important aspect of Romanian VAT Registration process concerns the registered office. According to Romanian legal stipulations, the registered office of a company can be listed in a building owned by the company or acquired through lease or loan acquisition. In accordance with the Law No. 51/1995, the registered office can be established at an address of a law firm, but only for a maximum of 12 months. Through our especially designed service packages, our company can help you find a suitable place to establish your registered office or you can simply opt for registering your address at our law bureau location.

The Romanian tax authorities granting the VAT number will firstly assess the level of risk for the respective business depending in a series of factors: type of business, type of location of headquarters, actual company "substance" referring to the possibility of the entity to conduct the respective business in the country from the rented location, area of business (certain areas of activity are considered more risky than others: for instance in some areas of import export there are more registered cases of VAT fraud, residence of directors and shareholders, existence of Romanian directors, shareholders and employees (which is considered a positive factor). Tax authorities have also recently requested a number of additional documents from both Romanian or foreign shareholders and directors such as: proof of income (in Romania or abroad) and general business experience.

International VAT number

Romania's EU accession resulted in a massive increase of the volume of commercial transactions between Romania and EU countries. EU legislation requires companies to be registered with the Register of Intra-Community Operators (ROI) if engaging in an economic activity with companies from EU Member States. Therefore Romania adopted a procedure to be followed by companies in order to register with the Register of Intra-Community Operators.

In order to register for a EU VAT number, business entities in Romania must register as an intra-Community trade operator. There is a set of documents which must be provided in order to complete this registration process. A response shall be provided by the fiscal authority within ten days from the application. These procedures are mandatory since any business entity which omitted to register with the Registry of Intra-Community Operators shall not be provided with a valid EU VAT number, under any circumstances.

First, it is necessary for the company to be registered for VAT and then recorded in the ROI. Among the documents required, we mention: the certificate confirming company details registration which is issued by the trade Register and the criminal records of shareholders and administrators of the company.

After that the authorities issued this ROI certificate the company has an international VAT number that can be checked at:   http://ec.europa.eu/taxation_customs/vies/vatResponse.html

Happy New Year! 2016 Starts With Tax Cuts In Romania

The new year will bring three important tax cuts in Romania. Not only the VAT rate will be lower starting January 1, 2016, but also the tax on dividends and the tax on small companies’ revenues. The New Year has brought several tax cuts in Romania benefiting consumers, small firms as well as those who receive dividends, according to local media reports.

A cut in standard Value Added Tax (VAT) rate to 20% from 24% as of 1 January 2016 will cost the state budget about RON 8 B (EUR 1.7 B) in revenue, according to romania-insider.com.

Additionally, VAT on foods in Romania was cut to 9% from 24% in June last year.

A drop of RON 1 B (EUR 221 M) in budget revenue is expected to result from the lowering of tax on dividends to 5% from 16%.

In a bid to boost employment, the Romanian government has also cut income tax for micro businesses. Small firms with at least two employees will pay income tax of 1%, those with one employee - 2%, while those who hire no employees will pay 3%.

Starting from 2016, the ceiling for the income made during the fiscal year, at which an individual is able to register as a micro enterprise in Romania, has increased from the equivalent of EUR 100,000 from EUR 65,000. If the income exceeds EUR 100,000, the company will have to pay profit tax of 16%.

Presentation Subventions For Industry Romania 2014 2020

http://www.investromania.be/nl/investment/presentation-subventions-industry-romania-2014-2020

download the presentation at the belgian romanian real estate chamber

Company Formation And Registration In Romania

http://www.company-registration-romania.com/index.html

Company Creation In Romania - Create A Company In Romania

We are specialized in remote company creation. We create form a distance you do not need to travel. You only travel to Romania with us after that the company is created to open the operational bancary accounts, personal bank accounts, internet banking on your name, etc..We create and you save money and time. For more info contact: frjacobs@telenet.befrjacobs@telenet.be

A SRL (Limited Liability Company – Societate cu raspundere limitata) is the most frequent type of legal entity in Romania. This kind of business structure can be easily set up in Romania, as long as the following steps are considered:

1) First of all, once the decision to establish a company in Romania has been taken, the client must check the availability and reserve the company’s name and logo. This procedure is done through the Romanian State Office for Inventions and Trademarks. A Romanian SRL is a limited company broadly equivalent to the German GmbH of the French Sàrl. All company names must be approved and reserved by the Trade Register Office and this is typically done within a day. Words suggesting geographical locations are restricted and special approval is required to use the word ‘Romania’; this can take around 30 days. The name of your company can be in any language so long as it uses the Latin alphabet but it cannot be deceptively similar to a company already trading in Romania and it must end with the suffix SRL. 

2) The second step is to provide the necessary documents for the company formation in Romania.  SRL companies are registered through the local Trade Register Office and will require a series of documents from the shareholders and administrators (Directors) such as: Articles of Association (required to contain certain information), Affidavits and Specimen Signatures. In case the shareholders are foreign companies then the Romanian Trade Register will also require their registration documents for proof of their existence and details and registrations.

3) Documents you are required to provide:

• Proof of identity (passport, national identity card, photographic driving licence).
• Proof of residential address (gas/electricity bill or credit/debit card bank statement dated within the last three months)

4) Registered Office

• All SRLs must have a registered office where documents may be legally served on the company. The registered office must be a physical address in Romania. We can host and administer your company in one of our business centers.

5) Share Holders and Share Capital Requirements

• The minimum registered capital of an SRL is 200 RON (approximately €50) and initial capital must be subscribed and paid in cash upon registration of the company. 
• The share capital must be divided into shares of equal value. 
• The minimum share value is 10 RON. Consequently, a 200 RON company can have only 20 shares, i.e. one share equals 5% of the share capital. 
• Share capital can be paid up using any currency. 
• At least one shareholder is required and a maximum of 50 shareholders is permitted.

6) An entrepreneur can open a company in Romania and choose to either visit the country, or to delegate powers to a representative through a Power of Attorney or mandate.

7) A bank account has to be opened and the minimum share capital subscribed (200 RON). This service refers to both the initial share capital account as well as an additional current account for on-going operations. Both types of Romanian bank accounts can be set up without your personal presence in Romania.

More info mail frjacobs@telenet.be frjacobs@telenet.be