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Writer's pictureBogdan Nastase
May 302 min read

Fast-Track VAT Registration: Get Your New Romanian Business VAT-Ready

Updated: Oct 21


TYPICAL FLOW FOR THE ROMANIAN VAT REGISTRATION


This is how most lawyers incorporate new companies in Romania for their foreign clients:


  1. Hire a lawyer: You appoint a lawyer or a lawfirm to open your company at the Romanian Trade Registry.

  2. Document Preparation: You prepare a set of documents and hand them over to the lawyer or lawfirm.

  3. Non-VAT Registration: The lawyer or lawfirm incorporates your Romanian company at the Romanian Trade Registry (ONRC) as a non-VAT payer.

  4. Legal Fees: The lawyer or lawfirm charges you for their services.

  5. VAT Code Need: You soon realise your business needs a Romanian VAT code.

  6. Hire an accountant: You ask an accounting firm to obtain the VAT code for you.

  7. Prepare More Documents: You need to prepare another set of documents, which consumes time.

  8. Obtain VAT Code: You receive the VAT number and the VAT Certificate.

  9. Additional Charges: The accounting firm rightfully charges you for the time invested in helping you obtaining the VAT.


Outcome: You end up paying twice, losing time and wasting money.



THE EFFICIENT (AND LESS KNOWN) FAST-TRACK METHOD


  1. Hire a Lawyer: Identical to Step 1 above.

  2. Document Preparation: Identical to Step 2 above.

  3. VAT-Payer Registration: Insist that the lawyer or law firm completes your Romanian VAT registration by incorporating your company as a VAT-payer from the start. Show them the images below to clarify.

  4. Standard Legal Fees: The lawyer or lawfirm charges you the same amount as in Step 4 above.

  5. Obtain VAT Code: You receive the VAT number from ONRC during the initial incorporation process. Don’t forget to also ask the lawyer to obtain for you the VAT Certificate from ANAF, you have a limited time to obtain it without penalties.


Outcome: You save both the time and money that would have been spent on an accounting firm to get your VAT code separately.


By following the fast-track method, you streamline the incorporation process, ensuring your new Romanian business is VAT-ready from the beginning. This approach helps you avoid unnecessary delays and additional costs.



 

Example:


Typical flow:

typical flow of obtaining the VAT code for a Romanian company

Fast-Track:

fast-track method of obtaining the VAT code for a Romanian company


For more details, call or text us on +4073TAXNEWS, email us on contact@piroi.com or make an appointment: https://www.piroi.com/book-online



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