History of Romania
Romania is a Central European country which joined the European Union in 2007. The country has been historically influenced by a number of countries. Romania’s democracy was overturned by fascism and was then subject to the Soviet regime in the mid-20th century, finally gaining independence after its 1989 revolution. Now a NATO member, Romania has ties with China and the developing world.
Romania as an Onshore Centre
Romania has been increasingly able to attract foreign investment thanks to its strong economy (which is one of the best in Eastern Europe) its European Union membership, and its favourable legislation. It is therefore a good onshore location for establishing a business.
In Romania, it is possible to register a private company (the most common structure), a joint stock company, a general partnership, a limited partnership, and a branch or a representative office of an overseas company. Forming a company in Romania makes it possible to take advantage of low tax rates, a good location (at the heart of Europe), and optimise margins via an import/export setup.