Why Romania?
Romania is the second largest country in Central and Eastern Europe in terms of size and is situated at the crossroads of three thriving markets: the European Union, the CIS states and the Middle East.
Romania’s economic development increased significantly in 2016 following a rise in domestic demand. This resulted in Romania registering the highest economic growth in the European Union of 4.8% of the GDP.
The country has a competitive labour force and a highly skilled talent pool. This, along with a series of fiscal measures introduced in 2017 and an ease in the bureaucratic system, make Romania one of the most attractive investment destinations on the Central and Eastern European map.
Manufacturing, financial services and trade sectors are responsible for more than half of Romania’s FDI stock, followed by IT and BPO/SSC. These areas are considered key drivers for foreign investment, with a constant annual growth of 9%.
Are you planning to do business or are you already operating in Romania? Here is how we can help.
Our core areas of expertise
TMF Group has been operating in Romania for more than 18 years. Growing from a small local office, we now have nearly 200 specialists, licensed by the Tax Consultants Chamber (CCF) and The Body of Expert and Licensed Accountants of Romania (CECCAR). Our local team of experts help both local and international companies to expand across borders and keep their business compliant with local laws and regulations.
We work with a broad range of clients from a wide variety of industries, offering a full range of professional services, which are tailored for any stage of development in a company life cycle. We can equally assist start-ups and mature ventures in achieving their business targets and in meeting the local and international compliance requirements.
In Romania, TMF Group is an active member of the Dutch and American Chambers of Commerce.
Our full range of services include:
- Accounting and Tax services: We take care of local statutory bookkeeping, full consolidated accounts and management reporting to relevant local and international standards. We also help you manage your tax and reporting obligations.
- Global Entity Management services: We provide support at every stage of your business lifecycle. Our multi-disciplinary expertise - in corporate secretarial, regulatory compliance, fiduciary services and more - is your outsourced answer to managing and maintaining entities across borders.
- HR and Payroll services: We help you to apply and implement international policies in employment contracts and handbooks, and pay your staff in compliance with local law.
In addition to our global portfolio of services* our Romanian office provides extra support for specific local requirements.
Specific projects:
- reorganising accounting/financial departments and procedures
Recent awards:
- For third consecutive year, TMF Romania received the prize for the best International Accounting Firm in Romania, from the Romanian Body of Certified Accountants
If you’d like to find out more about TMF in Romania and how we can help your business succeed, please contact us.