Why open a transport company in Romania?

 The current economic climate is highly favorable for the growth of the transport sector. Globalization, the emergence of new economies, and more recently the global pandemic, have increased the need for transport services across the whole economy. Companies such as restaurants, online stores, import-export businesses and large retailers rely on efficient goods transport and demand for this is now higher than ever. Because of this, opening a goods transport business in Romania can be a very profitable venture, as tax and insurance costs are comparatively low. This situation is likely to remain in place for the foreseeable future.

Documents

As in the case of any business opened in Romania, the first hop you have to pass is obtaining the necessary authorizations for the transport of goods and submitting the documentation related to the establishment of a company. The first thing you will have to do is submit an application for obtaining a transport license from the Romanian Road Authority. Of course, you will also have to submit the necessary documentation for the establishment of the actual company at the National Trade Registry Office and request the assignment of the VAT number to the local tax agency.

In order to simplify this process, we will take care of submitting all these documents, as well as obtaining the necessary approvals for carrying out the activity. After completing these procedures, your company will be able to carry out its activity normally.

Purchase of vehicles

The next step is, of course, the purchase of the trucks, trailers or vans with which you will transport the goods. In this phase, it is very important to carefully analyze your goals and those of the company and make the purchases according to the nature of the activity you are going to carry out.

We will help you with their registration and obtaining licenses when necessary.

Staff recruitment

A transport business's success relies heavily on the quality of its personnel. An experienced driver is a highly valuable asset, as they will drive with caution and anticipate potential issues, helping to prevent delays, accidents and, in some cases, repair any issues that arise on the route.

We will assist you in the staff selection process, so you will work with competent employees who will save you both time and money in the long term.

Contact us and we will help you create and develop your business in Romania.

more info frjacobs@telenet.be

Register a company in Romania

 Register a company in Romania, open a business bank account, and stay compliant - all in one place.

The best start for your new business with a complete package of services.

A limited company formation package offering compliance and privacy. We have created specialist packages for customers who want to set up a company and are based outside of Romania.

We include everything you need to form a Romanian limited company in this package:

• Reservation of the company's name;
• Drafting of the Articles of Association and statements of the shareholders and directors;
• Submitting the share capital to a chosen bank;
• Filling the necessary application and submitting it to the Local Trade Register in the presence of the deputy judge;
• Undertaking the Certificate of Incorporation and the VAT number;
• Our firm can provide you with a registered office;
• Following the company formation Romania process, we will take all the necessary steps with Romanian authorities in order to obtain the mandatory legal documents or authorizations;
• Bank account introduction for opening of an account with internet banking and debit card;
• Assistance during the conclusion of contracts (e.g. accountant, Revisal services);

We will prepare all the necessary documents and complete all registration processes.

Reduced prices for office rents, salaries and accountant expenses combined with the low corporate taxes, and an important number of double taxation avoidance treaties, make Romania a perfect destination for starting or moving a business from abroad.

Mail frjacobs@telenet.be for more info

Off-shoring IT in Romania

 Off-shoring in Romania is a hidden gem for technology outsourcing. The country's strategic location makes it one of the most featured countries among western European countries. Romania offers a substantial advantage, in quality and cost wise

What is Off-Shoring?

Off-shoring is the use of resources located outside the business location and managed from there. The advantages of off-shoring include cost savings, better quality, and reduced risk. However, the advantages are not free and there are also disadvantages of off-shoring.

Benefits of Off-Shoring

- Increase in Efficiency

- Off-shoring benefits organizations by increasing efficiency. The reason is that you have access to resources and expertise that you do not have in-house. - Better Quality

- Off-shoring offers the opportune opportunity to source services or products of superior quality at lower costs. You have the luxury of sourcing on-shore or offshore without compromising on the quality of service

- The use of off-shore resources results in a lower level of risk. With the use of offshore resources, you are able to avoid risks associated with in-house resources such as natural disasters, staff transfer, etc.

Disadvantages of Off-Shoring

- Another disadvantage of off-shoring is the availability of off-shore resources. When you send your operation offshore, it should be ensured that the offshore resources are sufficient to handle the workload. If this happens, you might end up incurring additional costs.

- Cultural Differences - Off-shore resources might differ from your culture and work ethics. Therefore, it becomes important to have a well-trained offshore team that can seamlessly work in the offshore environment.

- Interruption in Operations

- Even though you have access to high-quality resources, you cannot control external factors such as political instability, natural disasters, etc.

Conclusion

Off-shoring has become a popular alternative for organizations that want to lower costs and increase profits. However, it should be done only if it results in a higher quality and lower cost of products or services. Moreover, it is very important to find a reliable offshore services provider. For example, there are numerous companies that promise to offer low rates of offshore operations, but actually, they have no expertise to manage offshore operations. Off-shoring in Romania is a hidden gem for technology outsourcing. The country's strategic location makes it one of the most featured countries among western European countries. Romania offers a strong advantage, in quality and cost wise. Off-shoring in Romania is one of the best options for businesses that want to reduce costs and increase profits from their operations.

What can be our role

For clients we create the company and hire employees. We acts a local HR department once that the activities are up and running. We take care of all the paperwork and make sure that the company is compliant with Romanian rules and regulations.

We can host the company in one of our business centers at the start.

More info mail frjacobs@telenet.be

Our business center in Romania

A Business Center is a physical location that provides temporary office solutions for all types of entrepreneurs and organizations. Our business Center is located in a quiet area with quick access to all important links: banks, accountants or important state institutions. With almost 20 years of experience, we are the ideal solution for you.

ADVANTAGES OF ESTABLISHING YOUR COMPANY IN A BUSINESS CENTER?

One of the biggest advantages that Business Centers offer is flexibility. Establish your company in a Business Center means, above all, reducing expenses, when compared to a traditional lease. Obviously, the more convenient the location of a Business Center, the better it will be for the customer.

For younger companies or start-up entrepreneurs, and since the long terms of a leasing contract may represent a commitment that the structure may not support in the future, Business Centers are recommended for offering flexible terms and different room sizes, even with more affordable models, which have lower prices than a private office, but which also allow you to enjoy corporate services such as meeting room rental or reception and courier services. In contrast to renting an office by yourself, in a Business Center you will not have to worry about fees for electricity, water, security or other services; These are not, however, the only advantages.

With hundreds of companies established on behalf of our foreign clients, we offer the fastest and simplest option to set up Romanian companies at the lowest fees.

Moreover, such will be done by our professional lawyers, your presence in Romania is not required.

We will draft all the necessary documentation, in bilingual Romanian-English so that you understand everything. You will only need to sign such documents  and soon your company will be up and running.

We also offer all-inclusive services for the management of the company, such as company address rental, accounting, legal services and many more.

More info mail frjacobs@telenet.be 

Recruitment of engineers in romania

Are you looking for experienced engineers and technicians or are you yourself looking for a new job as a specialist or management professional in Engineering? We can find for you....

The engineers are again in great search on the Romanian labor market. In addition to computer scientists, companies offer jobs for mechanical engineers, construction engineers or energy engineers.

Why engineers in Romania? Because they are well trained, true professionals, they have a low rate of resignations and extremely dedication.

We can quickly provide top professionals on a contract, contract-to-hire, direct placement and managed resources basis.

Our Engineering expertise includes the following skill sets and focus areas:

Architecture & Engineering: Engineering, design and construction project support for buildings and other physical infrastructure

Product Engineering & Design: Mechanical, electronics and software support engineering roles for manufacturing

Software & Hardware: Skill sets supporting all phases of software and hardware development for physical-product-based computer systems

Focus Areas
Aerospace & Defense | Consumer & Industrial Products | Energy & Construction | Life Sciences | Retail & E-commerce | Transportation

Our recruitment methodology was developed in time to overcome the issue of clients finding that some people sent to them did not have the hands-on technical skills required to hit the ground running.

More info frjacobs@telenet.be

What is the procedure for opening a company in Romania?

 As an investor who wants to open a company in Romania, at first you should know the process of setting up a new enterprise and the steps you need to follow.

There are 6 steps that are mandatory to follow:

• Get your reservation of company name – form found at Trade Registry, you need to fill in 3 names in order of your preferences and the process takes about an hour. The issued name reservation certificate is valid for 3 months.

• After the name availability certificate is issued, the constitutive act is written, the authorized person of the company must file the documents at a bank where the social capital will be deposited (a minimum of 200 RON).

• Register the company at the Trade Registry – the process takes about 3 days and it is free of charge, you only need to pay the taxes for the Official Monitor publishing. Here you must present your articles of incorporation, constitutive act, social capital deposit proof from the bank and an application form which you can find there.

• Buying the unique registry for controls – provided by the law, it is mandatory to have a unique registry for controls from ANAF in 30 days from registering the company to Trade Registry.

• Register for VAT purposes – if you want, this is not mandatory for a new company. There are no costs, and this is also done at ANAF.

• Register employees’ contracts – if the case, this must be done online with the Territorial Labor Inspectorate (IML). The employer is obliged to keep track of all employees’ records internally, electronically and transmit them to IML.

more info mail frjacobs@telenet.be

5 reasons why you should consider doing business in Romania. Primary tabs View(active tab) Edit

 When looking for up-and-coming European Union (EU) countries that have started to catch the eye of investors over the last few years, you should take a close look at Romania. In recent years, the country has become a magnet for those attracted by the growing startup ecosystem, especially within large cities like Bucharest and Cluj-Napoca.

Below are 5 reasons why you should consider doing business in Romania.

Low taxes

The standard corporate income tax rate of 16% is one of the lowest in Europe, well below the EU27 average of 20.71%. In addition, Romania has singed various double taxation agreements through which protect companies and their profits from double taxation. This means that taxes will be paid only once, in the country where the profits are recorded.

At the same time, the Romania Fiscal Code includes a 16% corporate tax relief for profit reinvested in new technological equipment, as well as a personal income tax exemption for IT employees or those who carry out research & development and innovation projects.

Another fiscal incentive in Romania is related to the turnover tax rates used for micro-enterprises. A company (Romanian legal entity) is considered a micro-enterprise if its maximum turnover is up to EUR  1 million at the end of the previous year. According to the current rules, the turnover tax rates used for micro-enterprises are just:

• 1% for micro-enterprises with one or more employees
• 3% for micro-enterprises with no employees

In other words, if you own a start-up or a small to medium company, you should definitely come to Romania and benefit from one of the lowest taxation systems in Europe.

Budget-friendly country

Another advantage for doing business in Romania resides in its potential of highly skilled workforce at competitive prices (third lowest minimum wage in EU). This means that a company incorporated here will benefit from low-cost business operations.

In addition, companies that want to start or bring their business in countries like Romania have much to gain from its economic status. Reduced prices for office rents, salaries and accountant expenses combined with the low corporate taxes, and an important number of double taxation avoidance treaties, make Romania a perfect destination for starting or moving a business from abroad.

Affordable, high-quality professionals

Despite the reduced cost of workforce, Romania has a well-educated workforce with good knowledge of foreign languages. Around 80% of the schools in Romania teach English as a second language, making it the most studied foreign language in the country. Many Romanians also know German, French, Italian, Spanish or Hungarian.