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Planning to expand in Romania?​​

Romania?​

We can assist you throughout the business set-up process with the help of our network of consultants in related fields, such as legal, accounting, logistics, and more. Our broad expertise will enable you to build a local foothold quickly, efficiently, and cost-effectively.

4 reasons to do business in Romania

reason 1
Emerging
IT hub

Romania is the right place for employers seeking highly skilled, cost-effective, and easy-going professionals.

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reason 2
Strong IT&C
Infrastructure

It boasts top rankings in a significant number of IT-specific areas including being among the countries with the fastest internet speed at the lowest costs.

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reason 3
Exceptionally Skilled
IT Workforce

Sharp focus and ability to constantly improve their skills and learn new technologies are some of the attributes describing Romanian IT professionals. And, of course, the overwhelming majority speak fluent English.

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reason 4
Business-friendly laws
and taxes

Romania provides a business-friendly environment. The country benefits from stable economic development and a transparent, favorable tax regime that encourages foreign investments.

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reason 1

Emerging 

IT hub

As one of Europe’s fastest-growing IT hubs, Romania is already a player, having established itself as a smart destination for foreign investors.

More than misty mountains and medieval churches

Romania boasts breathtaking natural landscapes, cosmopolitan cities, charming traditional villages, beautiful castles and ancient churches.

But the country is also fortunate to have an extremely skilled workforce that has spawned numerous global tech success stories, from automation specialist UiPath, the country’s first unicorn, to well-known cybersecurity firm Bitdefender.

One of the fastest-growing economy in the EU

Romania continues to attract major foreign investments – from IT to manufacturing to logistics and other sectors, along with massive infrastructure spending – helping to power one of Europe’s best growth economies.

High quality of life

Romania remains one of the safest countries in the world. High living standards come at a 50% lower cost than in US, for example, and 45 % bellow the European Union average price level for consumer goods and services.

The country offers a dynamic combination of natural beauty and urban life. It also boasts unique wildlife areas, such as the Danube Delta, and spectacular mountains with some of Europe’s last virgin forests. Traditionally multicultural cities offer a hospitable environment for both tourists and businesses.

Strong foothold for connections with Europe and beyond

Romania’s trade reaches throughout Europe but also extends to the Middle East, Africa, Asia and the Americas. Road, air, and maritime transport link Romania to ever-growing number of business partners and customers, through its 12 international airports and the Port of Constanta, the Black Sea’s biggest port.

I founded rankingCoach out of the desire to help SMBs succeed online. Romania is home to a big part of rankingCoach’s development team and I am proud to say that, after 10 years, most of my initial team is still under my management.

I speak from experience when I say that there are 2 key reasons why this was possible: Romania is indeed a great IT outsorcing destination, and people here are truly hard-workers and talented.

Marius Eugen Gerdan

rankingCoach Chief Technology Officer

reason 2

Romania’s 
strong IT-Infrastructure

strong IT-Infrastructure

When it comes to IT&C, no wonder Romania stands out from the crowd. Consider:

1
st

UiPath ranks 1st in the top of RPA (Robotic Process Automation) tools

2
nd

Bitdefender ranks 3rd in the Top Global Tech Brands by PCMag’s readers

3
rd

Romania ranks 3rd in world ranking of best developers

4
th

Romania ranks 4th as having the fastest broadband internet at lowest costs

5
th

Romanians rank 5th in CEE’s ranking for IT specialists

1
st

UiPath ranks 1st in the top of RPA (Robotic Process Automation) tools

2
nd

Bitdefender ranks 3rd in the Top Global Tech Brands by PCMag’s readers

3
rd

Romania ranks 3rd in world ranking of best developers

4
th

Romania ranks 4th as having the fastest broadband internet at lowest costs

5
th

Romanians rank 5th in CEE’s ranking for IT specialists

reason 3

Exceptionally skilled IT 

Workforce

Romania is home to a significant population of IT specialists and interest in the field is constantly increasing. Here’s why:

Highly skilled workforce

The country has one of the largest talent pools in Eastern Europe. High standards in technical education translate to professional advantages and opportunities for Romanians,in the region and beyond.

Currently, the country has around 270,000 specialists in the software and IT services fields contribute about 6.2% to the GDP, according to the Employers’ Association of the Services and Software Industry (ANIS in Romanian).

Remote working opportunities

Being able to work from anywhere in the world is an advantage for IT people these days. This flexibility improves their productivity and quality of life, with a correlating positive effect for the employer.

Given its location and communication infrastructure coverage and quality, Romania has become one of the locations preferred by digital nomads.

reason 4

Friendly tax & legal environment ​

& legal environment

Romania is among the EU countries with the lowest taxes. Here are some data:

45
€
45€ amount of social capital needed to form an LLC/Limited Liability Company in Romania
short
DTA
double taxation agreements with all relevant European countries
O
%
personal income tax for qualified IT specialists, 10% for employees in other sectors
1
%
flat tax based on revenue for small enterprizes
(< 500.000 EUR in revenue per year)
8
%
tax on dividends
10
%
flat tax on company profits for large enterprises
45
€
45€ amount of social capital needed to form an LLC/Limited Liability Company in Romania
short
DTA
double taxation agreements with all relevant European countries
O
%
personal income tax for qualified IT specialists, 10% for employees in other sectors
1
%
flat tax based on revenue for small enterprizes
(< 500.000 EUR in revenue per year)
8
%
tax on dividends
10
%
flat tax on company profits for large enterprises

What incentives does Romania offer for R&D?

Companies are encouraged and incentivized to engage in research and development (R&D) activities. As long as the activity occurs in Romania or another EU (or EEA) member state, 50% of their general expenses are deducted, along with 100% of the costs associated with developing professional and technical educational research. The country’s support in R&D goes even further. Provided the effort is devoted only to R&D activities, focusing on scientific research, technological development and related activities, companies are exempted from corporate taxes for their first 10 years of operation, the employee engaged in R&D projects are tax exempt, and there’s a 50% extra deduction for the R%D activities.

About 

Romania’s 

relevant hubs

Several large cities, besides Bucharest, are already known as dynamic European tech hubs - Timisoara, Cluj and Iasi, to name a few.

Timișoara
Arad
Cluj-Napoca
București
Iași

Arad

Arad is the capital city of Arad County, located in the region of Crișana.

Population: 147.922 (2022 census)

Students: 25.000

Universities: Arad has 2 universities in top 50 Romanian universities

Economic facts and figures: Big industrial producers prefer Arad because of its proximity to the Western border and Timisoara. The two towns benefit greatly from their vicinity: labor force, investment attractiveness for a diverse range of businesses. During communist times, Arad was famous for its wagons, furniture and textile production. Currently, many automotive manufacturers have set up production facilities there.

Timișoara

Timișoara is the capital city of Timiș County, and the main economic, social and cultural centre in Western Romania.

Population: 304.467 (estimated in 2022)

Students: 57.000

Universities: Timisoara has four universities in the top 50 Romanian universities

Economic facts and figures: Timisoara is in top five most developed Romanian cities. According to a recent classification considering the quality of life in big cities in the world, Timisoara occupies the 116 position, being the first from Romania and before Los Angeles (138), London (163) or Paris (177). The analysis considers criteria such as: income, cost of life, safety and security, pollution and traffic (Numbeo portal). In 2021, Timis County had a GDP of 55,5 bn, the second position in the country, after Bucharest. Alongside with Arad, Timisoara represents the second biggest economic development pole in the country, after Bucharest.

Cluj-Napoca

Cluj Napoca is the capital city of Cluj County, and the main economic, social and cultural centre in Transilvania.

Population: 309.136 (2022 census)

Students: 65.000

Universities: Has 5 universities in Romania's top 50

Economic facts and figures: The main economic activity in Cluj is the manufacturing industry, other strong sectors being the financial&banking, IT and turism, to name a few. According to the Numbero portal, Cluj-Napoca occupies the 123rd position out of 255 cities in the world, considering the quality of life. In 2020, the city's GDP/capita relative to purchasing power was at 150% of the EU average.

București

București is the capital and largest city of Romania, and the cultural, industrial, and financial centre of the country.

Population: 1.677.985 (2022 census)

Students: 166.155

Universities: Has 14 of the top 50 Romanian universities

Economic facts and figures: Bucuresti is the biggest pole of economic development of the country, almost all industrial and services activity sectors of the country being represented here. Also known as the "little Paris", Bucharest is the most prosperous city in Romania, being also one of the main industrial centers and transport hubs in Eastern Europe. In 2022, its GDP, reached 164% of the European average GDP and the 6th biggest city in the EU

Iași

Iasi is the capital city of Iasi County, as well as the capital of the traditional province of Moldavia. It is also an important cultural and academic center.

Population: 263.410 (2022 census)

Students: 60.000

Universities: Has 5 universities in top 50 Romanian universities

Economic facts and figures:

Iasi is getting more and more attention. This is partly due to its status as a former historical region capital, being the preferred destination for a lot of students from Moldova. In addition, the city accommodates a large number of people from the Republic of Moldavia coming to study or work in Romania. Although at a slower pace, Iasi has lately become a magnet for big industrial names such as Delphi Diesel Systems, Xerox Business Services, Continental Automotive, Amazon, etc.

Contact us

Come join us in Romania. Become part of an established, well-positioned market and find remarkable talent in one of the outstanding technology hubs in our corner of Europe.

Gabriela Salageanu

Managing Partner

© 2023 All Rights Reserved

Timișoara

Timișoara is the capital city of Timiș County, and the main economic, social and cultural centre in Western Romania.

Population: 304.467 (estimated in 2022)

Students: 57.000

Universities: Timisoara has four universities in the top 50 Romanian universities

Economic facts and figures: Timisoara is in top five most developed Romanian cities. According to a recent classification considering the quality of life in big cities in the world, Timisoara occupies the 116 position, being the first from Romania and before Los Angeles (138), London (163) or Paris (177). The analysis considers criteria such as: income, cost of life, safety and security, pollution and traffic (Numbeo portal). In 2021, Timis County had a GDP of 55,5 bn, the second position in the country, after Bucharest. Alongside with Arad, Timisoara represents the second biggest economic development pole in the country, after Bucharest.

Arad

Arad is the capital city of Arad County, located in the region of Crișana.

Population: 147.922 (2022 census)

Students: 25.000

Universities: Arad has 2 universities in top 50 Romanian universities

Economic facts and figures: Big industrial producers prefer Arad because of its proximity to the Western border and Timisoara. The two towns benefit greatly from their vicinity: labor force, investment attractiveness for a diverse range of businesses. During communist times, Arad was famous for its wagons, furniture and textile production. Currently, many automotive manufacturers have set up production facilities there.

Cluj-Napoca

Cluj Napoca is the capital city of Cluj County, and the main economic, social and cultural centre in Transilvania.

Population: 309.136 (2022 census)

Students: 65.000

Universities: Has 5 universities in Romania's top 50

Economic facts and figures: The main economic activity in Cluj is the manufacturing industry, other strong sectors being the financial&banking, IT and turism, to name a few. According to the Numbero portal, Cluj-Napoca occupies the 123rd position out of 255 cities in the world, considering the quality of life. In 2020, the city's GDP/capita relative to purchasing power was at 150% of the EU average.

București

București is the capital and largest city of Romania, and the cultural, industrial, and financial centre of the country.

Population: 1.677.985 (2022 census)

Students: 166.155

Universities: Has 14 of the top 50 Romanian universities

Economic facts and figures: Bucuresti is the biggest pole of economic development of the country, almost all industrial and services activity sectors of the country being represented here. Also known as the "little Paris", Bucharest is the most prosperous city in Romania, being also one of the main industrial centers and transport hubs in Eastern Europe. In 2022, its GDP, reached 164% of the European average GDP and the 6th biggest city in the EU

Iași

Iasi is the capital city of Iasi County, as well as the capital of the traditional province of Moldavia. It is also an important cultural and academic center.

Population: 263.410 (2022 census)

Students: 60.000

Universities: Has 5 universities in top 50 Romanian universities

Economic facts and figures:

Iasi is getting more and more attention. This is partly due to its status as a former historical region capital, being the preferred destination for a lot of students from Moldova. In addition, the city accommodates a large number of people from the Republic of Moldavia coming to study or work in Romania. Although at a slower pace, Iasi has lately become a magnet for big industrial names such as Delphi Diesel Systems, Xerox Business Services, Continental Automotive, Amazon, etc.