Skilled and Multilingual Workforce
One of Romania’s greatest strengths lies in its talented workforce. The country boasts a high number of skilled IT professionals, many of whom are fluent in English and other major languages. Romanian universities produce thousands of tech graduates each year, specializing in fields like software development, cybersecurity, and artificial intelligence.
In addition, Romanian IT specialists are known for their adaptability and problem-solving skills, making them highly sought after in the global market. For companies looking to build strong development teams, Romania offers a rich talent pool at a fraction of the cost compared to Western Europe or the United States.
Cost-Effective Operations
Romania is one of the most cost-effective countries in Europe for setting up and running a business. From office spaces to salaries and taxes, IT companies can significantly reduce their operational costs without compromising on quality.
- Low Corporate Tax: Romania offers a corporate tax rate of 16%, one of the lowest in the European Union. For micro-enterprises, the tax rate is even more attractive, starting at just 1% on turnover for companies with employees.
- Affordable Salaries: While Romanian IT professionals are highly skilled, their salaries are more competitive compared to their counterparts in Western Europe. This allows companies to maximize their resources and invest in growth.
Government Support and Incentives
Romania has introduced various initiatives to support the IT sector, recognizing its potential as a key driver of economic growth.
- Tax Exemptions for IT Professionals: Qualified IT employees benefit from income tax exemptions, which make the industry even more appealing for both employers and workers.
- R&D Incentives: Companies investing in research and development can benefit from tax deductions and grants, encouraging innovation within the IT sector.
- EU Funding: As a member of the European Union, Romania has access to substantial EU funds for tech startups and projects, providing additional support for growth and expansion.
Strategic Location and EU Membership
Romania’s location at the crossroads of Eastern and Western Europe makes it a strategic hub for businesses targeting multiple markets. Being part of the European Union, companies registered in Romania enjoy access to the EU’s single market, which includes over 450 million consumers.
Additionally, Romania’s robust infrastructure, including high-speed internet (among the fastest in Europe), makes it an ideal base for IT companies relying on connectivity and digital operations.
A Thriving IT Ecosystem
The IT ecosystem in Romania is rapidly expanding, with cities like Bucharest, Cluj-Napoca, and Timisoara emerging as tech hubs. These cities are home to a vibrant community of startups, accelerators, and established companies, creating an environment that fosters collaboration and innovation.
Romania is also host to numerous tech events, hackathons, and conferences that bring together industry leaders and aspiring entrepreneurs. This active community provides valuable networking opportunities and resources for IT companies looking to grow.
Simplified Company Formation Process
Establishing a business in Romania has become increasingly straightforward. The process of IT company formation in Romania involves a few essential steps, including registering your company with the Trade Registry, obtaining a tax identification number, and opening a corporate bank account.
The availability of expert legal and administrative support further simplifies the process, allowing entrepreneurs to focus on building their businesses while professionals handle the paperwork.
Why IT Companies Choose Buju, Stanciu & Asociatii
Navigating the legal and administrative aspects of setting up an IT company in Romania can be complex, but the right support makes all the difference. Buju, Stanciu & Asociatii is a trusted partner for businesses entering the Romanian market, offering tailored services to meet the unique needs of IT companies.
From selecting the right legal structure to ensuring compliance with local regulations, their team of experts provides end-to-end assistance for a seamless and efficient company formation process.
Conclusion: Your IT Business Can Thrive in Romania
With its skilled workforce, cost advantages, and supportive ecosystem, Romania has positioned itself as a leading destination for IT companies. Whether you’re a startup founder or an established business looking to expand, IT company formation in Romania offers countless opportunities for growth and success.
Ready to take the next step? Let Buju, Stanciu & Asociatii guide you through the process and help you establish a strong foundation for your IT business in Romania. Contact their team today to start building your future in one of Europe’s most dynamic tech hubs!