Investing in Romania

[Roparadise]

Isn't Romania the country with the gypsies that invade Europe, I would build a sweatshop and make some loui vuitton and some Gucci

Only 2% of the population in Romania are gypsies,and Hungary has more.

 

[jangozo]

lol Roparadise please skip your comments about Bulgaria so i skip mine about ROMAnia . thx
im not a hater or something but involving my country without being able to defend by someone is pretty shitty of your side ...
not sure whats the problem of Romania next to Bulgaria ... if you move your country somewhere we will be much closer to real europe so its a win win deal ... move it to italy or where its alphabet is from ?
im not about to argue, defend or shit just watch ur plate. problems come from inside not from outside much smarter people on much shittier place than balkans thought it and its not the location its the people ... why all balkans argue for shit when we are all less than a big city population ...
i dont see uk whales scottland argue 24/7 ... nor usa canada and mexico ...
maybe im wrong if so go f urself as neighbour wish and stop comming to bg on vacation

 

[Roparadise]

lol Roparadise please skip your comments about Bulgaria so i skip mine about ROMAnia . thx
im not a hater or something but involving my country without being able to defend by someone is pretty shitty of your side ...
not sure whats the problem of Romania next to Bulgaria ... if you move your country somewhere we will be much closer to real europe so its a win win deal ... move it to italy or where its alphabet is from ?
im not about to argue, defend or shit just watch ur plate. problems come from inside not from outside much smarter people on much shittier place than balkans thought it and its not the location its the people ... why all balkans argue for shit when we are all less than a big city population ...
i dont see uk whales scottland argue 24/7 ... nor usa canada and mexico ...
maybe im wrong if so go f urself as neighbour wish and stop comming to bg on vacation

I was referring to the tax rate lol. Since Romania and both Greece is next to Bulgaria,its easy to take advantage of the tax rate there. Compared to a British guy that would have a harder time managing his business in Bulgaria. I love Bulgaria because of the fact it only has a 10% tax rate which means it is lowest within the European Union. And I'm considering Incorporating some businesses there. I meant that the Romanian government is slow to not lower its tax rate to that of Bulgaria,not that Bulgaria is bad.

 

[jangozo]

OUCH ... excuse me i was reading on diagonal
yea well get some business registered here work done in Romania and sold in UK and everyone happy
sorry again for my attitude gluck with ur ideas i think in our both countries ... i am sure wages will go slowly up but first that goes up is cost of services ... so if you want to be locally strong start some services business ... if possible not what every young person starts into like us into web services ... at leats try to create some innovation from west integrated into proper Romanian lifestyle so poeple feel it close.
aswell i think outsource is good business as a startup but we are poor but highly educated and hungry for growing region so creation of solutions for different businesses is good of cuorse marketing should be hired locally by country being uk , usa so on ..

I was referring to the tax rate lol. Since Romania and both Greece is next to Bulgaria,its easy to take advantage of the tax rate there. Compared to a British guy that would have a harder time managing his business in Bulgaria. I love Bulgaria because of the fact it only has a 10% tax rate which means it is lowest within the European Union. And I'm considering Incorporating some businesses there. I meant that the Romanian government is slow to not lower its tax rate to that of Bulgaria,not that Bulgaria is bad.

 

[Roparadise]

OUCH ... excuse me i was reading on diagonal
yea well get some business registered here work done in Romania and sold in UK and everyone happy
sorry again for my attitude gluck with ur ideas i think in our both countries ... i am sure wages will go slowly up but first that goes up is cost of services ... so if you want to be locally strong start some services business ... if possible not what every young person starts into like us into web services ... at leats try to create some innovation from west integrated into proper Romanian lifestyle so poeple feel it close.
aswell i think outsource is good business as a startup but we are poor but highly educated and hungry for growing region so creation of solutions for different businesses is good of cuorse marketing should be hired locally by country being uk , usa so on ..

I'm not from the balkan area,I'm from the U.S. but I can use being American as advantage in the U.S. so I could make a good middle man.

 

[dragster]

yes, Romania is (still) a country where anything is possible. And i mean any business you want to start here will work, if you research the domain and the competition very well. And that's because romanians are... desperate to have products or services that other countries take for granted. The newer the idea for the Romanian market, the more money you'll make.

If anyone needs more information on business registration/developing/etc, PM me, I am glad to help anyone that wants to bring something to Romania.

 

[imperial109]

Roparadise have you done any research to find something that will suit your situation? An update?

 

[Roparadise]

Roparadise have you done any research to find something that will suit your situation? An update?

I'm thinking about black hat trading the lei.

 

[madoctopus]

I respect your opinion but I know plenty of people who managed to build shit where it was illegal to build, or at least close to impossible to get a clearance. I also have a close friend who is working in a GIS company making feasibility projects for infrastructure buildings like roads and bridges. I know from him that there are projects (just the design/paper) that cost up to half a million euros, where they make them impossible to implement, hence they take the money but the building never gets done. I also know of a specific case where the construction company did not add the side border for a road, they figured that not adding it in the field but just on paper would save them 2,000,000 EUR. They gave 1,000,000 EUR to the local hot shots to get them on their side and the other million they put in their pocket. The border is on paper but not in the field. If questions arise, they can always say it was stolen or something since the local hot shots will vouch it was actually there in the beginning. This is a true story and is not the only one.

I never said it is easy. I just said it is not as bad as some make it sound. It is never easy, not because of the system, politicians, laws, etc. but because of the other entrepreneurs who will always try to be one step ahead.

For the average Joe with a small business it isn't that bad either. It just feels complicated and overwhelming because of the insane bureaucracy. If you want to file papers for a company you will spend at least a day going from X building to Y building and back because people in X tell you you need a paper from Y but Y swear on the bible the papers are X's responsibility. After doing that back and forth for 2 times I eventually found out I actually don't need those papers at all. Best way unless you're on a tight budget is just to hire specialists in the field like lawyers, etc. They are more experienced with this stuff and get the job done faster. Of course you still need to keep your eyes wide open because anybody, and I mean anybody, will potentially want to screw you or profit from you not paying attention to every detail.

wow .. i understand that some of you who live in romania are frustrated for living in this country, but i feel like you'r attacking the others that are interested in ro.

it's like userX decides to got to romania and right before he makes he's 1st step in this country, userY (who lives in romania) comes into his face with an angry voice and a shovel in his hand saying: BOO! you don't want to be here Moron! go back to your country. romania ain't for you cause it's a stupid country!

i am from romania, and i admit it ain't that great country as there ain't much to visit, besides the mountains. (btw, those interested in romania, i would recommend Brasov and surroundings like Predeal).

business weiss .. well, the politics suck and the big problem here is that everything runs on politics. so if an average joe want's to open a business, he will need to be part of a democratic side. to join this politics sides, the business owner aka average joe, will place a fee monthly (i think) to help the democratic party grow, and from there depending on the streets the democratic party has influence on, the average joe will be able to open a business on one of those streets. (by business i mean a small shop for grocery, or clothes)

so, opening an offline business might / might not work for new comers here. dpends on how easy one can adapt to this kind of society. also, there's huge lack of information here, compared to civilised countries. most of the info one can get here, is through friends and their experience.

other than that, the society here is quite cool .. friendly and outgoing. as mentioned earlier, hot chicks everywhere (cityies and village) and best of all the'r cheaper than usa chicks ) way cheaper ...

so there you go .. pros of romania: mountains to visit and hot chicks to ride.
cons: business to run, not that easy, but doable for average joe.


regarding madoctopus's saying: i think he lives to much under water, where everything is quiet and peaceful. he speaks like he owns the shit ) i wouldn't take his words for granted. it's not like you clap your hands and you change rules in romania if you have the money. maybe on a higher level it is possible. and by higher i mean huge sharks that own the mass media and such. but as a simple business man (aka averag joe), no way the bribe works like he's trying to make it look like

 

[madoctopus]

I agree with the mad 8 legged pus!

My nickname has nothing to do with a pussy, however your interpretation of it was pretty damn funny. Not to mention that picture

madoctopus = mad octopus -> see my avatar

 

[book1773]

I think all the child porn there in that country doesn't help the image that much.
I saw on date line NBC they did an undercover investigation into the growing epidemic
of child porn in that country.. You see fathers walking up to cars selling there kids
for money. Very sad. Maybe the people who are making good money there would invest in cleaning up Romania horrible image of the child sex traffic.

 

[digibing]

OP. Interesting post. But I think you are dreaming if you think that EU are gonna allow countries with a budget deficit to run a 9% tax rate. Tax Havens inside the EU-borders are a thing of the past and fiscal responsibility is the new thing. And if you actually want your mom to have health care and decent public schools for your kids then you might actually be best off not aiming for a 9% tax rate.

 

[Roparadise]

I think all the child porn there in that country doesn't help the image that much.
I saw on date line NBC they did an undercover investigation into the growing epidemic
of child porn in that country.. You see fathers walking up to cars selling there kids
for money. Very sad. Maybe the people who are making good money there would invest in cleaning up Romania horrible image of the child sex traffic.

You do know that the role of a news story is to make it seem like it occurs 100x more then it actually does. There is to be child porn everywhere in the world and it cant be stopped totally.

 

[jazzc]

And if you actually want your mom to have health care and decent public schools for your kids then you might actually be best off not aiming for a 9% tax rate.

It 's around 50% where I live (in reality, not in paper) and there 's still no money on the government 's coffin. It 's a matter of who does what with the money. 9% is more than enough to have a lean working state. That 's without all the hawks eating the $ of course. irate:

 

[Roparadise]

It 's around 50% where I live (in reality, not in paper) and there 's still no money on the government 's coffin. It 's a matter of who does what with the money. 9% is more than enough to have a lean working state. That 's without all the hawks eating the $ of course. irate:

And its been working great so far for Bulgaria,they have gotten at least 2,500 Greek business to "relocate" there since 2008 and 250 Romanian. And more are "moving" every week. Bulgaria is in a position to become very wealthy once the global crisis ends.

 

[dragster]

yes, I was thinking about re-locating my business to Bulgaria at the beginning of 2011. I gave uo on the idea but the cost are surely lower. The taxes for enterprises are not the only ones lower. Most of the car owners now register in Bulgaria - if you want to buy, let's say, a 4000 cmc car you would have to pay more than 2000 Euro per year in Romania just the taxes (excluding insurance) - in Bulgaria you only pay 500, mandatory insurance included.

 

[Roparadise]

yes, I was thinking about re-locating my business to Bulgaria at the beginning of 2011. I gave uo on the idea but the cost are surely lower. The taxes for enterprises are not the only ones lower. Most of the car owners now register in Bulgaria - if you want to buy, let's say, a 4000 cmc car you would have to pay more than 2000 Euro per year in Romania just the taxes (excluding insurance) - in Bulgaria you only pay 500, mandatory insurance included.

You don't need to actually relocate there,just file your taxes there. But I think for alot of online income in Romania there is a reduced tax rate of 10%,not the full 16%.

(1) income from independent activities: commercial, freelance, intellectual property rights. The taxable income is, as a general rule, the difference between gross income and expenses. A taxpayer who performs independent activities must make tax payments on account at a rate of 16%, except for income achieved by selling under consignment, intellectual property rights, commission contracts, civil convention and accounting expertise which is subject to tax conventions at a rate of 10%

 

[matei]

Yes, but ever tried to repair your car in Bulgaria, especially on your insurance? I guess not...
Moreover, there is being discussed nowadays, a law... if it gets approved, the Bulgarian cars will be allowed to circulate only 90 days per year.
Why?
Because there are more and more junk cars on the roads, and most of them are registered in Bulgaria. Not only they are a real menace, but their drivers are also (80% of them) driving like maniacs, as they know one thing: if a car hits them, it will be impossible for the romanian driver to repair his car in a romanian car service with a Bulgarian insurance.

 

[Roparadise]

Yes, but ever tried to repair your car in Bulgaria, especially on your insurance? I guess not...
Moreover, there is being discussed nowadays, a law... if it gets approved, the Bulgarian cars will be allowed to circulate only 90 days per year.
Why?
Because there are more and more junk cars on the roads, and most of them are registered in Bulgaria. Not only they are a real menace, but their drivers are also (80% of them) driving like maniacs, as they know one thing: if a car hits them, it will be impossible for the romanian driver to repair his car in a romanian car service with a Bulgarian insurance.

Its best to register in Romania,but put it under your business,which will save the vat tax.

 

[Annah]

When I have enough capital I will make it a point to go to Romania and invest in apartment buildings, night clubs etc. One thing that Romania has is pretty ladies so advertising to American men an all inclusive vacation would make big bank.

Money talks, Bullshit walks! No matter what country your in or wanting to start a business in.

Let me tell you something, but before I do let me just : MUHAHAHAHAHAHAAH atcha!


WHY? - I used to own a nightclub in one of the biggest cities in Romania and regarding your idea I pretty much know everything that must be known. If you're willing to :

1. Pay huge bribes to the local financial official vampires each month, and put up with them each time they team up and come for a free drink and fuck, please believe me they are PIGS.

2. You need someone to look after you if you're an outsider. Pimp fights over retarded bitches, pimps trying to poke your dancers... It gets even more "funny" when they harass your dancers and maybe yourself.
(Ever had guests with pipes in their hands waiting for you in the parking lot?)

3. Pay da police! Always pay da police... but not the little guys, you must go straight to the middle of the mansion and pay the right guy, otherwise you will end up paying like 2-3 times the same amount of money.

I wasn't the only one investing there, I had a couple of Russian associates, those guys knew the tricks and kept the whole business running, but it is very hard.

PS: The only good thing there was that with all the bribes and stuff covered you can sell even the underwear of Mother Mary without even bothering to run any legal papers.

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Investing in Romania is 100% STRAIGHT bullshit. Have you ever bought a piece of land, realizing in the end that you've bought some ravine or even worse the papers were phony. Prices... lol a property in Spain on the shore of Mediterranean Sea = 1 apartment in a 150.000 pop city (Romania)


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@ONTOPIC: Rosia Montana was drilled by a Canadian Company YEARS ago. They drained everything!!! Now they are willing to sell to some suckers the mine, using phony companies. Good luck buying the caves.

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