Why Start a Business in Romania?
Here are 5 reasons why companies look at Romania as a suitable IT&C outsourcing /business destination:
Well educated and high skilled IT&C specialists
- Romania has a well-educated workforce with good knowledge of computer science and foreign languages.
- Romania has one of the highest growth rates of IT specialists in Europe. Romania is the 6th country at global level in terms of number of certified IT specialists.
- Also, Romanians are known worldwide for their European language skills, primarily English, followed by French, Italian, Spanish and German.
Romania is well integrated and connected to European values
Romanians are well integrated and connected to European values, both on economic and cultural levels. Consequently, in international collaborative processes, the communication is effective, proactive and enjoyable. Romanians are quite flexible and adaptable in relation to foreign cultures.
Romanian is a EU member state, which simplifies legal and financial issues.
Low Costs for Business Operations
Despite the fact that the income of Romanian employees is one of the lowest in Europe, there are some good facts associated with this: Low Income => Low Costs for Business operations => Perfect destination for starting or moving a business from abroad.
Companies that want to start or bring their business in countries like Romania have much to gain from its economic status. Office rents, salaries and accountant expenses combined with the low corporate taxes, respectively 16% – the lowest in European Union, and an important number of double taxation avoidance treaties, make Romania a very interesting destination for abroad businesses.
Advantageous geographical location
Several international airports can be found in Romania’s major cities (Bucharest, Cluj-Napoca, Timisoara, Sibiu and soon in Brasov).
Bucharest, the capital of Romania, is at 3 hours flight from London, 4 hours flight from Berlin, 2 hours from Vienna, making it a good destination for European companies.
The second-fastest Internet connection speed in Europe
Romania is ranked 5th in the world in terms of internet connection speed, according to a top made by bloomberg.com. Romania has an average speed of 37.4 MB / second, coming short of the 4th place occupied by Latvia (37.5 MB / sec).
9 cities in Romania rank in the top 15 in the world with the highest speed of Internet connection.
Internet in Romania is cheap, despite its high performance.
