REASONS TO MAKE BUSINESSES IN ROMANIA
When foreign investors considering Romania as a possible location for developing their businesses, we believe that they take a close look to the advantages provided by our country:
Market & Location Advantage
One of the largest markets in Central and Eastern Europe (ranking 7th in EU , with over 21 million inhabitants);
EU unique market gateway (access to approximately 500 million consumers);
Attractive location: situated at the turning point between EU, the Balkans and CIS countries, Romania is crossed by three important pan-European transportation corridors: corridor no. IV linking Western and Eastern Europe, corridor no. IX connecting Northern and Southern Europeomanian Port of Constanta (the biggest Port to the Black Sea) to Northern Europe, through the Rhine.
Strategic geographic location: Romania’s position on the European continent allows investors to reach the entire market of the European Union, Central and Eastern Europe, as well as fast access to North Africa, Near and Middle East.
State aid schemes for encouraging investors to take upon Romania;
Major interest of Foreign Investors – leader destination for FDI in the region;
Opportunity to invest in land properties through a company registered in Romania;
Treaties for avoidance of double taxation with 79 countries;
No restrictions on after-tax repatriation of profits;
Free movement of capital;
Progressive private sector;
Sound fiscal policy (16% flat tax).
Highly skilled labor force at competitive prices (solid knowledge in foreign languages, technology, IT, engineering, etc);
Rich natural resources, including surface and underground waters, fertile agricultural land, oil and gas;
High potential for tourism.
Stability Guarantee in South Eastern Europe;
Bilateral agreements between Romania and other countries on investments promotion and protection;
Bilateral diplomatic relations with 177 out of the 191 UN member states;
Free trade agreements with EU, EFTA countries, CEFTA countries;
WTO member since January 1995.
Agreement between Government and major unions;
No major union movements;
Labor relations regulated by the Romanian Labor Code.
Similar legal provisions as in EU (Acquis Communitaire implementation);
Fiscal policy regulated by the Fiscal Code.
Continuously improving infrastructure (Executive’s commitment to improve the highway infrastructure to EU standards);
Well-developed networks of mobile telecommunications in GSM systems;
Highly developed industrial infrastructure, including oil and petrochemicals;
Presence of branch offices and representatives of various well-known international banks;
Extensive maritime and river navigation facilities.