ROMANIA
Romania is located in South East Europe at the strategic crossroads of the European Union (EU), the Commonwealth of Independent States (CIS), Balkans, and the Middle East. It has a domestic market of 20 million consumers and in terms of consumer potential, the food and drink sector in Romania is considered as the 2nd largest in Central and Eastern Europe.
The Romanian purchasing power is growing; due to the increased interest and the VAT reduction (on food and non-alcoholic beverages from 24 % to 9 % in June 2015), the premium food segment sales has increased last year by 20 – 25 %.
Benefits of investing/ exporting to Romania include:
- Romania has adopted the EU-wide technical and safety standards, freer trading regulations, and reduced paperwork as part of the ‘single market that makes it attractive to importers and exporters
- implementation of Single Euro Payments Area (SEPA) standards for euro payments
- well-trained young, skilled, and educated workforce among whom English is widely spoken
- well-established support in Romania from foreign lawyers, accountants, and consultants
- plentiful natural resources
- Western business practices
Are you willing to set up your company in Romania? Then Aster Growth Partners will help you with everything you need, providing you with business legal advice for both companies and individuals on how to set up a company, accounting, labour matters, trademark registration, tax optimisation & planning, and representation and address for notifications.
For Romanian companies looking to export outside Romania, we can help you take your business to new horizons.