You can reach us by email at office@censeaservices.com or call us at 0721 86 25 93. Together, we will determine your company’s needs during a free consultation session, and if we are a good fit, we will sign a contract. You will receive detailed instructions on how we will work together.
No, we work exclusively electronically. You will have access to a shared space where you can neatly upload your company’s documents. The archive we maintain will only be electronic. We will need a power of attorney from you for filing electronic declarations and accessing the Virtual Private Space (SPV) of ANAF, which must be sent to us in two original copies.
A VAT code can be obtained either at the time of company registration or later by completing and submitting the D700 declaration through the e-government portal. We handle these procedures for you.
The simplest way is through a loan agreement between the shareholder and the company. The loan can be with or without interest. The advantage is that when the company has liquidity, it can repay the loan to the shareholder without any additional formalities.
If the company owes money to the shareholder due to a loan, the funds can be returned through loan repayment. Otherwise, money can be withdrawn by distributing dividends. Dividends can be distributed quarterly after filing interim financial statements. The dividend tax rate is 8%.
It depends on your company’s profitability. Microenterprises are taxed at 1% if their turnover is under 300,000 lei and 3% if it exceeds 300,000 lei. Profit tax-paying companies pay 16% tax on profit. If the company’s turnover exceeds 300,000 lei and its profitability is under 20% (profit/turnover < 20%), profit tax is more advantageous. If profitability is above 20%, the 3% microenterprise tax is more beneficial. A detailed analysis of expected revenue and profits is essential for making an informed decision.
There is a wide range of billing and management software on the market. We recommend FGO or Smart Bill for issuing invoices and management.
Yes, you need a VAT-registered company with the authorized CAEN code 4791.
Without a valid VAT code, you cannot issue VAT-free invoices. Additionally, Amazon will charge an extra 19% VAT on the services they provide, which becomes a cost for a non-VAT-registered company in Romania. This will directly impact your business’s profitability. Moreover, where Amazon doesn’t charge 19% VAT, your Romanian company will be obligated to calculate 19% VAT on all services acquired from outside Romania and pay it to the Romanian state via the 301 declaration. For this reason, we recommend registering for VAT from the outset, as there are no disadvantages.
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