Romania

Romania (RO)

TKEG Expat ™ (Norway) Business Guide

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.

Political and Regulatory Stability:

Romania enjoys political and regulatory stability, creating a favorable atmosphere for business activities. Since becoming an EU member state in 2007, it has enhanced its reputation and reliability as an investment destination.

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.