HOW TO OBTAIN AN INVESTMENT VISA IN ROMANIA
In the context of globalization,foreign investment is a common and important practice that benefits both entrepreneurs and the local economy. The European Union provides opportunities for entrepreneurs to invest in businesses outside their local or national economic systems, and this practice has been proven successful.
In many European Union member states, acquiring an investment visa is possible by investing in an existing or new local business or purchasing property. The required investment amount varies across countries. Temporary visas, typically valid for one year and renewable, are commonly offered, allowing investors to apply for permanent visas after a few years. Romania, with its fast economic growth and potential, becomes an attractive option for investment.
REQUIREMENTS FOR OBTAINING AN INVESTMENT VISA IN ROMANIA
The initial step in obtaining aRomanian investment visa is to obtain a one-year residence permit. To do so,applicants must receive an endorsement from the Romanian Center for the Promotion of Foreign Investments. These permits are granted to applicants who will become shareholders or associates in management and administration positions within Romanian companies. Applicants must provide proof of legal ownership of office space and demonstrate a monthly income of 500 Euros forassociates and 700 Euros for stakeholders during their stay. Residence permit scan be renewed for successive one-year periods. The conditions for extending the permit depend on the investment amount and the number of jobs created.
For investments of at least 200,000 Euros or the creation of at least 25 workplaces, proof of means of subsistence is no longer required. If the investment made by the applicant reaches at least 500,000 Euros or they have created a minimum of 50 full-timejobs, the residence right will be extended by three years. While there are no specific requirements regarding business experience or training, applicants must develop a business plan outlining the investment's full value, the intended investment location, and the number of jobs to be created. The investment must be completed within 12 months, along with a three-yearprojection of business growth. Additionally, applicants must have proper health insurance for themselves, their spouses, and dependent children under 18 years of age.
OBTAINING ROMANIAN CITIZENSHIP BY INVESTMENT
Foreign investors can request Romanian citizenship by investment. To be eligible, applicants must obtain an investment visa and invest 1 million Euros in business or real estate, while also being legal residents in the country for four consecutive years. After meeting these requirements, the applicant, their spouse, and minor children can apply for citizenship in Romania. Proficiency in the Romanian language, along with knowledge of Romanian culture, society, and the Constitution, is also required.
HOW CAN LAW OFFICE ARSULESCU HELP YOU? – IMMIGRATION LAWYER IN TIMISOARA, ROMANIA
With the changing financial policies since joining the European Union, Romania has become an appealing destination for foreign investment. Compared to other countries, such as the UK, the minimum investment required in Romania is significantly lower, starting from 100,000 Euros. Romania has experienced rapid economic growth over the last decade, making it a market worth considering. However, the fast growth and evolving political landscape can pose challenges for foreign investors. At Law Office Arsulescu, our team of experienced immigration lawyers in Timisoara,Romania can provide you with the guidance and consultancy needed to navigate the investment process successfully. We offer tailored services to meet yours pecific requirements, ensuring a smooth and efficient investment experience.
