Romanian Tax Law

In this article, we’ll introduce the tax laws of Romania.

1. Introduction to Romania and the Benefits of Its Citizenship

Romania is located to the west of the Black Sea, bordering Bulgaria, Serbia, Hungary, Ukraine, and Moldova. It has an area of approximately 240,000 square kilometers and a population of 19 million. Romania joined NATO in 2004 and became a member of the European Union in 2007.

A Romanian passport not only grants the rights of EU citizenship but also allows visa-free access to 174 countries, ranking 16th on the Henley Passport Index. While Romania offers both Citizenship by Investment (CBI) and Residency by Investment (RBI) programs, they are less popular compared to countries like Portugal and Ireland due to higher thresholds and Romania’s relatively low international profile.

However, there’s a major hidden gem when it comes to Romanian citizenship: its tax policies are far more attractive than those of the more popular immigration destinations! Key advantages include:

• Non-tax residents are not subject to global income taxation.
• Most types of income are taxed at only 10%.
• No inheritance tax or gift tax.