Why Romania?
The country on the Black Sea is rapidly gaining in importance – and there are several reasons for this.
With a population of around 19 million, Romania is the sixth largest country in the EU and the second largest member state in Eastern Europe after Poland. Since opening up in the 1990s, joining the EU in 2007, and becoming part of the Schengen area, the country has experienced a dramatic economic upswing and is becoming increasingly important for Germany as an economic partner.
Starting point for nearshoring in the region
Germany is by far the most important investor and trading partner for Romania. Over 9,500 German companies are now represented there. The country also serves as a stable starting point for expansion into the entire region.
Due to worldwide political tensions and the ongoing pressure on global supply chains, nearshoring, i.e. the relocation of jobs to neighbouring countries, is becoming increasingly common. Romania is a highly attractive location for this. Numerous well-qualified employees, some of whom speak German, are currently creating a booming IT sector that represents an attractive alternative for German companies to the domestic sector, which is plagued by a shortage of skilled workers.
In addition, Romania is becoming a powerhouse for renewable energies in Europe and the Black Sea region thanks to high levels of solar radiation and strong winds.
Do you need support for your business plans in Romania? Our Romania Desk will be happy to advise you. With our local bank in Bucharest, we support you with in-depth market expertise. Contact us to schedule an appointment at Romania_Desk@procredit-group.com.
We provide in-depth support:
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Processing your payment transactions & account management
Would you like to process your payment transactions with Romania securely, efficiently and cost-effectively? Our payment transfer options facilitate cross-border transfers at excellent conditions. Open your business account now!
If you would like to open an account in Romania, we will support you both in Germany and locally. We will help you with your existing business or with your (new) start in Romania. We welcome you to contact us at Romania_Deskprocredit-group.com. -
Investments on site
Leverage your local assets and benefit from experienced support and competitive interest rates for financing investments and international trade.
Learn more and contact us so that we can find the right solution for you: Romania_Deskprocredit-group.com. -
Secure transactions
We create trust and safeguard your import and export transactions with our trade finance solutions. Contact us to learn more about bank guarantees and letters of credit at Romania_Deskprocredit-group.com. -
Investments in renewable energy projects
Develop your renewable energy project with the support of our Renewable Energy Centre. Together with our local banks, we support your project in the region. Find out more at Renewable Energies or contact us at renewable_energy_centerprocredit-group.com.
How to do Business in Romania?
How do you enter the Romanian market?
The ProCredit banks in Germany and Romania support market entry in Romania. Thorough market research and network building are essential preparation measures. The AHK Romania and Invest Romania can provide support here.
Why are business relationships in Romania important?
Personal relationships are crucial for success in Romania. Language and cultural knowledge (English, Romanian) are an advantage. An online presence is an important calling card and creates initial trust.
How does the tax and legal system work in Romania?
Romania offers a low corporate tax rate of 16% and an income tax rate of 10%. Furthermore, there are various subsidies and tax incentives for SMEs and companies, especially, but not only, in industrial parks.
Where should you set up business in Romania?
The economic centres of Bucharest and Cluj are established economic metropolises, while the south with its Danube ports and the up-and-coming northeast are also attractive options. The AHK Romania provides support in the search for a suitable location.
How do you set up a subsidiary in Romania?
A subsidiary can be founded as an S.R.L., the equivalent of a German GmbH. The registration is made in the Romanian Trade Register ONRC. A local bank account is required, dividends are taxed at 5% and the minimum share capital is RON 100.
How do you open a bank account and set up a supply chain?
Opening a bank account is essential for efficient business management and is supported by ProCredit Bank. A solid supply chain is the backbone of the business, supported by the AHK Romania’s Marketplace Romania portal.
How do you verify safeguarding mechanisms and build trust?
Use guarantees and letters of credit to secure your receivables and payments and to establish trust with business partners. Contact ProCredit Bank’s Romania Desk for advice and support with trust-building measures.
Why invest in Romania?
Romania is booming in the field of renewable energies, is a popular nearshoring option for the IT sector and an important supplier in the mechanical engineering industry.
Questions?
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