One of the most alluring nations in Central and Eastern Europe for investments is frequently thought to be Romania. Romania’s urbanisation is a reflection of the efforts of both domestic and foreign investors in the country’s development. Transportation infrastructure is substantially developed, and distribution and logistics operations are effective.
The nation, which has been a member of the European Union since 2007, is ranked eighth overall, but particularly in terms of population. This indicates a crowded and expanding domestic market. There is a strong surge in domestic demand at the same time that manufacturing is booming.
Establishing a business in Romania has numerous advantages for companies as well as their proprietors. So if you are thinking on how to get Romanian passport, here are some of the most significant ones:
Romania gains from a talent pool of highly educated and competent individuals. Science, technology, engineering, and mathematics are prioritised in Romanian education, resulting in the production of skilled workers in these domains. International commercial exchanges are facilitated by the fact that a large number of Romanians speak English and other foreign languages fluently.
Tax Incentives and Benefits
To entice foreign investment, the Romanian government provides a range of tax breaks and perks. This covers incentives for R&D, tax benefits for high-tech companies, and exemptions from corporate taxes for corporations operating in special economic zones. These policies encourage companies to locate in Romania and support the country’s economic growth.
Romania boasts a robust communication infrastructure that benefits businesses operating there. This infrastructure consists of high-speed fibre internet connections throughout the nation as well as a dependable phone network.
Romania boasts the fastest internet speed in the region, with an average of 85.Mbps, thanks to a variety of providers and a good dose of competition. In Romania, 87% of people had a 3G or 4G internet connection in 2016.
Business Processes and Culture
Out of 190 countries, Romania came in at number 45 on the World Bank’s 2018 Ease of Doing Business Survey.
The procedure for incorporating in the nation is common and uncomplicated: in particular, it entails funding a Romanian bank account, reserving a firm name, registering with the commercial authority, and establishing payroll and other crucial internal functions.
For Romania, there is no travel advisory. Romania continues to be one of the safest nations in Central and Eastern Europe, with a crime rate lower than the European average, notwithstanding global events. Romania has a score of 26/162 on the Global Peace Index, making it a peaceful nation.
In Romania, most modes of transportation are secure. Taxi drivers may exploit an unprepared traveller and deceive him into paying far too much for the ride, just like in any other nation. Uber is suggested for tourists to avoid these kinds of situations.
Romania gives access to the world’s largest single market as a member of the European Union (EU) since 2007. Trade restrictions do not exist for Romanian-established businesses when it comes to trading with other EU members. For international business owners, having access to the EU’s enormous customer base and linked supply chains may be revolutionary. So if you are still wondering on how to get Romanian passport, we are here to help you out. When it comes to helping you migrate to either of these nations, the knowledgeable staff at EU Citizen is committed to meeting your unique needs. Because of our migration experience, we are the UAE’s top migration consultants for obtaining citizenship in Eastern European nations. For individuals seeking European citizenship through repatriation, we will handle all the paperwork and formalities to guarantee a seamless arrival into either nation.