Live and Invest Overseas
HOT OPPORTUNITIES
Argentina  ♦  Belize  ♦  Brazil  ♦   China  ♦   Croatia  ♦  Dominican Republic  ♦  Ecuador  ♦   France   
Malaysia  ♦  Mexico  ♦  New Zealand  ♦  Nicaragua  ♦  Panama  ♦  Portugal  ♦  Romania  ♦  Uruguay 
Romania
Europe's Crossroads

Romania is a big Central European country that makes big sense right now for big, central production. Its port on the Black Sea gives access to the East and the Middle East, and more and more organizations worldwide are looking for ways to take advantage of this. 

Including the  U.S. Air Force, which is moving out of Germany and Turkey and into strategically located and non-Islam-sympathizing Romania. We don't know if this is a plus or a minus long term, either for Romania or for its would-be residents or investors, but we remember that the U.S. military presence in Panama, for example, while it continued, sure proved a boon for that country's economy.

Romanians speak a Latin-based language that is relatively easy for Westerners to decipher (unlike the languages of Croatia and Montenegro, for example). The country's interior is beautiful...but not a likely retirement or full-time living haven...as winters are harsh. Great (and increasingly trendy) choice for a ski getaway, though.

Real estate values continue up, but it's still possible to get a true bargain, both in Bucharest and, especially, beyond.

Romania at a Glance

Population  22.3 million (July 2007)
Gross Domestic Product  $246.7 billion (2007)
GDP Per Capita  $11,100
Inflation Rate  4.6% (2007)
Currency  Lei (RON)
Exchange Rate Versus U.S. Dollar   2.45 Lei = 1 U.S. Dollar (March 2008)
Language  Romanian
Capital  Bucharest
Population of Capital City  2 million (2007)
Time Zone  GMT plus 2
Seasons  Distinct seasons: dry, warm springs; wet, hot 
 summers; dry, cool autumns; cold, snowy winters 
International Dialing Code  40
Electricity  230V / 50 Hz; Plug Types: C, F
System of Government  Unitary Semi-Presidential Republic
Name and Party Affiliation
of Current Leader		  Traian Băsescu 
 Democratic Party
Income Tax Rate for Residents  16%
Property Tax  0.1% to 0.2%
Capital Gains Tax  10% or 16%, depending on ownership duration
Inheritance Tax  0.5% to 3%, at degressive rates
Rental Income Tax  Taxed at income tax rate
Transfer Tax  0.5% to 3%
Sales Tax  19%
Restrictions on Foreign
Ownership of Property 		 Foreigners cannot own land directly; must hold through a 
 Romanian corporation 
Local Chamber of Commerce
www.g77tin.org
22 Nicolae Balcescu Boulevard
Sector 1
Bucharest 79502
Tel: (0040-01) 61 547 03 06
American Chamber of Commerce
www.amcham.ro
11 Ion Campineanu Street
Union International Center, 5th Floor
Bucharest 010031
Tel: (0040) 21 312 48 34
Primary Exports  textiles, footwear, metals, metal 
 products, machinery and equipment, minerals, fuels, chemicals, agricultural products 
Residency and Visa Requirements   Tourist: 90 days upon entry
 Residency: work, temporary resident, permanent stay visas
 Citizenship: after 5 years of legal residence and proficiency
 in the Romanian language, culture, and history
Special Benefits for Foreign 
Residents or Retirees		  none
National Airline  Romanian Air Transport (TAROM)
 www.tarom.ro
Preferred Contact   

Map of Romania

 Home  ♦  SUBSCRIBE  ♦  Whitelist Us  ♦  Privacy  ♦   Media  ♦  Search  ♦   Site Map  ♦   Advertise