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Check out our article ”I Left the USA For Good. Here Where I Moved to”
Is Romania a good place to work or start your own business?
Let’s not be under any illusions: Romania is far from a perfect example of transparency. Corruption here remains an issue and development remains somewhat low.
Add to that, Bucharest lacks the beauty of nearby eastern European capitals like Budapest, and the fun charm of others like my beloved Belgrade.
However, Romania has several things going for it.
In this video Rusudan, our Chief Financial Officer will share how to pay 1% on $1,060,000 in Romania.
00:00 Start
0:23 Taxes in Romania
1:20 Business in Romania
2:29 Living in Romania
Andrew Henderson and the Nomad Capitalist team are the world’s most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to “go where they’re treated best”.
Work with Andrew:
Andrew has started offshore companies, opened dozens of offshore bank accounts, obtained multiple second passports, and purchased real estate on four continents. He has spent the last 12 years studying and personally implementing the Nomad Capitalist lifestyle.
Our growing team of researchers, strategies, and implementers add to our ever-growing knowledge base of the best options available. In addition, we’ve spent years studying the behavior of hundreds of clients in order to help people get the results they want faster and with less effort.
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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.
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The video I’ve been waiting for! Thanks Nomad Capitalist!
Excellent description about Romanian tax schemes but it's better to open buisness in Georgia with a saint kitts citizenship.
Cause you know Romania is a EU member. So it makes people kind of paranoid about taxes.
I miss the smoking jacket, Andrew. No offense to the Nomad Dad, but I always thought you were the son of Hugh Hefner when you would do your videos in your oh! so! suave! smoking jacket. Please give me hope and tell me you'll bring it back?????
Now wonder Top G lives in Romania
does romania offer a citizenship by investment or permanent residency program?
Sounds great on paper. Yet the government and administration of the country itself in the last decades has been questionable. There could be heavy taxation on other ways, not to mention rules and promises can change unexpectedly.
🚦🚦 Solo en unos meses o sin tiempo, la gente definitivamente nos está pateando para arrepentirnos de haber perdido la oportunidad de invertir, 😊😊😊 estoy agradecido todo gracias a Richard.
So I guess we know who the 1 employee in Romania is!
Even with the current dip in crypto currency's I'm glad I can smile 🙂back at my portfolio of $107,000built from my weekly trading I have received my sixth withdrawal which is every 14 business days per trade investing through expert Mr Arjun B Jagat
The Bahamas has 0% tax on Capital gains and on ordinary income
Great Video.
The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on the govt. Especially with the current economic crisis around the word. This is still a good time to invest in Gold, silver and digital currencies(BTC, ETH..).
This video is a godsend! Was just looking at Tbilisi alternatives, since you known, comrade P is still looking to "make friends" with Georgia. So want something a little closer to western Europe and 5% div sounds like heaven!
To save money everything's valid
When the USA falls as you desire, what will the response be from other countries? Which nation will be safe for a fleeing American to take their modest life savings and start over? Thanks.
Very interesting. Thanks.
_Every financial goal requires patience, dedication and consistent spirit knowing that investment is currently the most lucrative business in the world, BTC is positively changing people's lives. I stopped panicking about my BTC the very moment I started working with Kennet Gibbs last year, his confidence and skills is on a maximum level
A pretty young woman. Your wife, I suppose?
Why does she look European but have an Asian accent?
Shoutout to the Top G!
Ayo where the dude at?
Andrew tate country 😂
Only reason this is a thing because Andrew tate 😂
Top G
Apparently AH is a bit outdated on this one ! Still it is a great offer all the same !
Hi,
What is the best bank in EU that allows money transfers without problems ?
Thanks
How to apply for PR
I am sorry but you’re 100% WRONG! Romania is NOT in the schengen, therefore you can’t set up a Romanian company and go to live in Portugal or another EU country. Your residency permit would only be valid for Romania. If your passport dictated a visa to enter the schengen then you’d be unable to even visit another EU country without a visa! Factually wrong video Nomad capitalist
Does this rule work for citizens? Or It's a rule for non-citizens?
Too bad the government is most likely going to reduce the income limit to 500k instead of 1M, raise the dividend tax to 8% and limit the types of companies that can take part in this scheme (no consulting). Gotta go away from Romania to where I'm treated better soon…
However if you move to Romania you'll have to share oxygen with Andrew Tate.
also corrupt governments in Romania
my Romanian/canadian friend is moving from there to budapest
Hi Rusudan
I don´t understand, why an "expert" don´t mentioned, that you can avoid the Withholding tax – create first a holding in Estonia, then the rumanian company – then it´s zero. And in Portugal dividends are taxfree.
nonsense…
One thing about Portugal: even under NHR, you will have to pay taxes in Portugal if the foreign country taxed you less than 20%. You would have a very unpleaseant surprise trying to follow this model of living in Portugal and enjoying this 1% tax in Romania.
Not surprised if the top g broke down all his businesses to below 1 mil in rev
Simps are only here because of le wahmen
0:37 $510 euros pay for director is considered competitive pay in romania?
Andrew is excellent to listen to but let the girls host the videos (especially the Belgrade staff of course, my girlfriend is from Serbia)! PS: my beloved Serbia should urgently match this tax incentive offered from Romania honestly!
I did exactly that last month moving from Portugal, 0 regrets
On the nomad capitalist website it says in the application it's only for people who make a lot of money which is not me as of yet.
Is there an organization or a person I can get directed to that anyone might know here in regards to getting citizenship through descent from a few different countries?
Unfortunately if you’re an American citizen you pay US taxes on any foreign income over 90k.
Does the required employee have to be a Romanian/ EU citizen? What if you appoint yourself as CEO and pay yourself? Would that be allowed?
Very informative video. Are there any restrictions on the kind of business?
Not anymore. The law was recently changed, now it is 500k limit. Also, the dividends tax is now 8%.
The same law that introduces 1% also raises current dividends tax from 5 to 8%
what is the tax percentage for revenue over the $1MM?
Yes go to.the one of the most corrupt countries in the world.