Romania

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.

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.

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.

The economic centres of Bucharest, Timișoara, 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.

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.

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.

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.

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.