Romania is considered to be the land of opportunity for investors. Read below 5 good reasons why you should also consider investing in Romania.
- FDI-Foreign Direct Investment
As more companies from around the world choose to do business in Romania, and as the FDI in the country increases, the risks of investing decrease. In 2006, the FDI in Romania reached €8,000 million; 55% of this amount still remains in Bucharest.
- European Union Funding
Between 2004 and 2008 Romania received a considerable amount of EU funds and by 2013 is expected to receive an additional €30 billion. This is the highest EU allocation per capita to a new EU member. Much of this funding will be invested in developing the country’s infrastructure and in creating job, investments that will make the country’s economy even stronger.
- Tourist Arrivals
Romania is developing into one of the most popular tourism destinations among the Eastern European countries. As a result, the tourism industry is increasingly becoming one of the most important sectors of the country’s economy. In 2006 alone, earnings from tourism exceeded €8 billions.
- Taxation Rates
One of the factors that companies consider before investing in a foreign country is the rate of income and corporation tax they will have to pay. Romania’s 16% flat rate of taxation, which was introduced in 2005, makes Romania one of the most attractive countries for investors.
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- Land price per SQM
Romania offers land for sale at amazingly low prices per square meter.
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