Geo-strategic Location: A Crossroad of 3 Markets

R&D & ICT: Benefit from tax exemptions for profit in their first 10 years of activity as well as reduce taxation for their employees. To incentivise investments in research and development, there are specific deductions available. These deductions cover eligible expenses, allowing for accelerated depreciation of R&D equipment costs and an additional corporate tax deduction of 50% of the eligible expenditure incurred for these activities. Furthermore, Romania provides fiscal incentives for investments in Industrial Parks, such as exemption from land tax, building tax, and urban planning tax. Taxes charged for changing the land destination within industrial parks are also exempt.

Jobs creation & CAPEX: Companies that hire more than 100 employees in Romania, with the exception of specific business sectors such as agriculture, energy, real estate, financial services, and transport, may be eligible for reimbursements of salary costs for a fixed period of time. Large enterprises could benefit from up to 60% tax reduction for new employees for up to 24 months.

Cash grants are also available for companies that are undertaking substantial investments involving the acquisition of assets. The allocation of these schemes depends on the current availability of the national budget.

Training: Companies that apply for CAPEX grants could benefit from 50% cover of the training costs. Companies can utilise the incentive to invest in various types of training programs, including vocational training, professional development, and skill-specific courses.

Green and other: Romania encourages green practices by offering tax reductions for energy-efficient technologies, waste management, and other green sectors as well as fast-track visas and work permits for foreign labour.