Romania, a European Union (EU) member, offers an attractive path to EU residency and citizenship for investors and entrepreneurs. Its residency options come with numerous benefits, including favorable tax rates, potential for citizenship, and access to the Schengen Area.
In this comprehensive guide, we will explore the Romanian residency programs, eligibility criteria, and the advantages of making Romania your European home.When planning a trip to Romania, it's crucial to understand that you will need a Romanian visa for your visit.
Romania is emerging as an enticing destination for investors and entrepreneurs seeking temporary residence in a European Union country. Several compelling factors make Romania an attractive choice:
Romania stands out for its business-friendly tax regime, particularly for micro-enterprises.
These companies enjoy low corporate tax rates ranging from 1% to 3%, making it an appealing destination for businesses looking to optimize their tax liabilities within the EU.
Surprisingly, Romania boasts some of the fastest internet speeds in Europe, outpacing more economically developed countries like Austria, Germany, and Switzerland. This robust digital infrastructure is a boon for businesses and remote workers.
Romania offers two main pathways to obtain residency, each tailored to different investment levels and objectives.
When applying for a Romanian residence permit, ensure you have the following documents:
Opting for Romanian residency comes with several compelling benefits:
Microenterprises with up to €1,000,000 in annual turnover benefit from corporate tax rates as low as 1% (with one full-time employee) or 3% (with no employees), providing significant tax advantages for businesses.
Holding a long-term residence permit allows you to pursue Romanian citizenship within four to eight years, depending on your circumstances. The standard period for citizenship eligibility is eight years.
While Romania is not yet part of the Schengen Area, there are expectations that it may join in the future. This development would further enhance your travel opportunities within Europe.
Permanent residence permits, issued for five years, eliminate the need for annual renewals, providing stability and peace of mind for residents.
The family members of the principal applicant are also eligible for long-term residence permits, allowing you to relocate your entire family to Romania.
Choosing Romanian residency offers an attractive opportunity to establish a foothold in the EU, benefit from favorable tax rates, and potentially obtain Romanian citizenship.
With minimal physical presence requirements, it's a practical option for investors and entrepreneurs seeking to thrive in a business-friendly EU jurisdiction.
If you're considering Romanian residency and want personalized guidance tailored to your unique circumstances, consult experts specializing in offshore strategies for high-net-worth individuals and entrepreneurs.
They can help you navigate the process and ensure you make the most of your Romanian residency journey.