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THE 10 BEST PLACES TO RETIRE IN 2025

the 10 best places to retire in 2025

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    Romania Facts and Figures

    Facts About Romania

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        View of the amazing landscape of Romania, complete with mountains and rolling hills covered in trees

        Facts About Romania

        Romania is a big Central European country.

        Its port on the Black Sea gives access to the East and the Middle East. More and more organizations worldwide are looking for ways to take advantage of this.

        That includes the U.S. Air Force, which is moving out of Germany and Turkey and into strategically located Romania.

        Lief Simon, Director of Overseas Property Alert, Founde of Simon Letter, and Founder, of Global Property Advisor

        Reviewed By Lief Simon

        Lief Simon is the managing editor of Global Property Advisor, Simon Letter, and Offshore Living Letter. He has purchased more than 45 properties, investing in 23 different countries around the world.

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          Romania Facts

           
          Information Type Romania Data
          Population 19,892,812 (June 2023 est.)
          Gross Domestic Product (GDP)  $350.41 billion (2023 est.)
          GDP Per Capita $18,410 (2023 est.)
          Inflation Rate 9.30% (June 2023)
          Currency Lei (RON)
          Exchange Rate Versus U.S. Dollar 4.50 Lei = 1 U.S. Dollar (December 2023)
          Language Romanian
          Capital Bucharest
          Population of Capital City 1,877,155 (June 2023)
          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 Of Current Leader Marcel Ciolacu (Since June 2023)
          Income Tax Rate for Residents 16%
          Property Tax 0.08% to 0.02%
          Capital Gains Tax Income from the sale of real property is taxed between 1-3%
          Inheritance Tax No, but notary fees may apply.
          Rental Income Tax Taxed at income tax rate
          Transfer Tax 0.5% to 3%
          Sales Tax 24%, 9% and 5%
          Restrictions on Foreign
          Ownership of Property
          Foreigners cannot own land directly; must hold through a Romanian corporation
          Local Chamber of Commerce 22 Nicolae Balcescu Boulevard, Sector 1
          Bucharest 79502
          Tel: (0040-01) 61 547 03 06
          American Chamber of Commerce 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 Visa: 90 days upon entry
          Residency: work, temporary resident, permanent stay visasCitizenship: 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)
          Lief Simon, Director of Overseas Property Alert, Founde of Simon Letter, and Founder, of Global Property Advisor

          Reviewed By Lief Simon

          Lief Simon is the managing editor of Global Property Advisor, Simon Letter, and Offshore Living Letter. He has purchased more than 45 properties, investing in 23 different countries around the world.

          Start Your New Overseas Life Today

          A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we’ll send you a FREE report on the 10 Best Places To Retire In Style Overseas Today 2024






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            Romania Facts and Figures- FAQs

            Romania’s real estate values continue up. But it is still possible to get a true bargain, both in Bucharest and, especially, beyond.

            More Resources From Romania

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