Incentives to attract investment in Romania
Ordinance 92 of 1997 was passed to create an attractive environment for investments in Romania, eliminating size and nationality requirements. It clarifies and simplifies the legislative framework, doing away with unnecessary bureaucratic paperwork.
Tax concessions and customs facilities are directed toward both direct investment in Romania in its private sector and also investment in the privatization of the country's state enterprises:
- Accelerated depreciation of fixed assets.
- Capital loss carryover from one year to the earnings of the next five years.
- Possibility of registering in free zones in which customs duties, VAT and corporate taxes are exonerated.
- Exemption on payment of customs duties on equipment imported to develop the company's business activities.