About Romania
Romania offers one of Europe’s lowest corporate tax rates at 16%, a large skilled workforce especially in IT, competitive operating costs, and EU single market access from a strategic Black Sea location.
Remotely Process Your Change of Romanian Company Shareholder (Natural Person)
TKEG Expat provides a streamlined service for the change of Romanian company shareholder for a natural person, helping businesses manage a shareholder change in full alignment with Romanian company law and corporate compliance requirements. This product supports the update of company records, preparation of transfer-related documentation, and filing procedures typically associated with a share transfer, change in ownership, and registry update before the Romanian Trade Register. It is designed for companies that need an efficient corporate secretarial solution when an individual shareholder exits or a new shareholder joins the business structure. The service includes one Change of Romanian Company Shareholder (Natural Person) process and a government fee of 60 Euro, with TKEG Expat charging a 3% handling fee. This solution is relevant for SMEs expanding internationally and seeking accurate support for due diligence, legal documentation, shareholder resolution, articles of association updates, and administrative formalities connected to Romanian corporate governance and business registration.
Service Included
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Change of Romanian Company Shareholder (Natural Person)Number of services already included in this product: 1.00
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Government Fee 60 Euro (TKEG Expat charges 3% handling fee)Service Not Included in Product
Document Requirement
We Need These To Help You With Change of Romanian Company Shareholder (Natural Person)
TKEG Expat ™ (UAE) aims to provide the most accurate and up-to-date information to our clients. Please use this "Document Requirement Table" to determine which documents you will need to submit to fulfill the product requirements. Please note, the requirements of document can change depending on your case.
Natural Person Shareholders & Directors's Required Documents
Passport
Document Process: Apostille
Document Format: Scan Copy
Proof of Address
Document Process: Not Applicable
Document Format: Scan Copy
Power of Attorney
Document Process: Apostille
Document Format: Physical Copy
This Company's Required Documents
Proof Of Registration / Business License
Document Process: Not Applicable
Document Format: Scan Copy
Company Bylaw
Document Process: Not Applicable
Document Format: Scan Copy
Highly Skilled Workforce:
Romania has a highly educated and skilled talent pool. The education system emphasizes science, technology, engineering, and mathematics, cultivating professionals in these fields. Additionally, many Romanians are proficient in English and other foreign languages, facilitating international business communication.
Cost Competitiveness:
Compared to Western European countries, the labor costs in Romania are significantly lower. This enables companies to reduce production, operational, and labor costs while maintaining high skill and quality levels.
Tax Incentives and Benefits:
The Romanian government provides various tax incentives and benefits to encourage foreign investment. This includes tax exemptions for companies operating in special economic zones, tax reductions for high-tech companies, and incentives for research and development investments.
Strategic Geographic Location:
Romania's strategic location in Southeastern Europe provides convenience for accessing the EU and other regional markets. Good transportation and communication infrastructure promote trade and exchange with neighboring countries.
General CIT Rate
16
CIT Return Due Date
If the accounting year is equal to the calendar year, the annual CIT declaration form should be due by March 25 of the following year; for cases where the accounting year is different from the calendar year, the annual CIT declaration form should be due on the 25th day of the third month after the end of the company's accounting year. Quarterly CIT declaration forms should be submitted by the 25th day of the next month for the first, second, and third quarters.
CIT Payment Due Date
The final payment of CIT is usually due on the 25th of the third month after the end of the company's fiscal year.
CIT Estimated Payment Due Date
Quarterly installments should be paid by the 25th of the first month after the first, second, and third quarters.
Resident Withholding Tax (Dividend/Interest/Royalty)
16/NA/NA
None-Resident Withholding Tax (Dividend/Interest/Royalty)
16/16/16
General VAT Rate
21
General Capital Gain Tax Rate
Capital gains are constrained by the normal corporate income tax rate.
Composite Effective Average Tax Rate
14.41%
Composite Effective Marginal Tax Rate
6.41%
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