Why Invest?
One of the biggest markets in Central and Eastern Europe (over 22 million inhabitants, 2nd after Poland). Romania has become a constancy factor in the region due to its steady economic growth, to its political, social and governmental stability.
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Market Report
Our forecast is that Romania economy is doing remarkably well in the property market so this is the right time to enter the market.
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Economic Overview
Strong aspects of Romania are the technologically advanced market economy with substantial government participation. Having its own natural resources, Romania has intensively developed its agricultural and industrial sectors over the past 20 years.
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Visa/Residency Issues
Nationals of certain countries can visit Romania for up to three months without a visa but will need to be granted a work visa or permit to take up employment.
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Getting to Romania
Bucharest is 2 to 3 hours flying time from London. The city is served by two airports: Henri Coanda International Airport (formerly Otopeni) and Aurel Vlaicu International Airport (formerly Baneasa). Henri Coanda is the largest airport in Romania and the main hub for the national operator TAROM. It is also connected to several international airports by a wide range of international airlines.
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Fees & Taxes
- Income tax is reduce to a flat rate of 16%.
- The purchase of Romanian real estate is subject to 19% VAT.
- At the sale of real estate by a local company 16% profit tax is due on the difference between the sale price and the fiscal book value. The capital gains from the sale of shares in a Romanian company is also subject to 16% profit tax.
- Corporate tax is back from 25% to the same 16% level.
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Romania
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Basic Information
| Population |
21,680,974 |
| Languages |
Romanian. English, French and German are widely spoken |
| Area |
92,043 sq mi |
| Currency |
Leu (RON) |
| Dialing Code |
+40
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| Emergency Services |
961 |
Romania Overview
Romania is a country in Southeastern Europe. Romania borders Hungary and Serbia to the west, Ukraine and Moldova to the northeast, and Bulgaria to the south. Romania has a stretch of sea coast along the Black Sea, and the eastern and southern Carpathian mountains run through its center.
Average Property PricesComing Soon.
Buying Process
- Romanian legislation needs notarization of any transfer agreement concerning land located in Romania. This notarization is required in order for the land transfer to be valid. The ownership transfer of the land should also be registered with the Immovable Property Registry to notify third parties of the transfer.
- There is a lot that goes into buying a property. So once you have identified a property that appeals to you, we will work with you to protect your interests and make the process easy. You can count on us for:
- A detailed Bucharest real estate market analysis to help you determine the appropriate purchase price.
- Help understanding information that may affect your decision, such as the sellers disclosure and other conditions we may find out about.
- Professional negotiations that will help you attain the best possible price as well as attractive terms.
- Suggestions on inspectors, lawyers, brokers and lenders, if necessary. We draw from professionals who have earned consistently high marks from past real estate customers.
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