ROMANIA - one of the members of European Union. number 7 in E.U. regarding the number of inhabitans. Over 19.00000 inhabitans and 99% declare themselves that are christians. In last 2 years Romania mark economic growth above 5%. Is number one in European Union. VAT is 5-19% according to the economic activity and the tax profit is 10%, One of the little numbers in Europe. Qualified labour force especially in IT and mechanical industry. In january 2019 will take the presidency of EU.
As you can see are some good reasons to invest in Romania. Beside those reasons already presents we can find another 20 good reasons to invest. I will present part of them.
- low price for land. Industrial land is possible to be buyed between 5-100e, according to position, acces to infrastructure andutilities. Agriculture land A class is around 4000e/hectare.
- medium salary is around 500e.
- big harbours : Constanta, Galati, Tulcea, Braila, Giurgiu
- low level of local taxes. VERY LOW. For residential properties the taxes are less than 1 E/sqm and for industrial/commercial properties the taxes are based on market value, but the percent is less than 2%. So if the property appraisal present a 500.000e value the maximmal local tax is around 2000e and the worth scenary is to pay 10.000E. In USA a mansion in the forest pay 5 times this money. In Germany a large flat.
- low taxes for getting building permits. The main tax is around 0,6% of the estimated value of the building. .
- low levels of car taxes.
- force labour especially after 40's is extremely determinated to make performance.
Is Romania the land of Opportunities? Yes, it is. No doubt about.
is Romania a perfect country. NO. Definetely not.
What's wrong in Romania?
1. the birocracy. Really killed a lot of time and make you very angry.
2. infrastructure, very rare highways (less than 1000km) . bad railway system
3. slow justice process. If you are engaged in a juridical trial you can spend 2-3 years in courts. Bad for business.
4. potentially young employs - low quality of knowledge and big salary expectations.
5. time to time local authorities are not very interested to help the investitors....
This is Romania with good and bad points.
In my opinion is a very good moment to invest in Romania. Especaillly because of the real estate prices, And because the new economic horizon which was opened by the 3 Seas Summit. Ehich I appreciated that is the best solutions for central-east region of Europe.
