Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
ENVIRONMENT
Ciorik Vlad & Dumitru Ovidiu, Group 8212
Faculty Of Management, engineering And
Management In Public Food And
Agritourism , UASVM
Coordinator: Lecturer Andreea Constantin,
PhD
business
Romania
Introduction in Romanian
Business Culture
Romanian Corporate Entities
What does S.R.L and S.A.
means?
Fiscal environment in Romania
Value Added Tax
Micro-Enterprise company
Introduction
Romania
business culture
Romania has a long, challenging and interesting history. Its language
originates from Latin. Romanians have often been labelled as one of
the greatest survivors in history. Modest attitudes and behaviors
coupled with orthodox Christian beliefs reflect their simple-minded and
down to earth mentality that has been shaped by years of hardship.
Romanians may appear abrupt or unreceptive initially; however, they
are considered to be among the friendliest and hospitable people in
Europe. Romanians are large-hearted with a unique sense of humor
and a strong cultural heritage.
Work culture
Romanian business culture is quite formal and hierarchical; it places
great importance on courtesy and respect for older or more senior
people.
Summertime is not good for business as many companies wind
down their operations then. Easter and Christmas are also difficult as
companies and shops close for an indefinite period. Normal business
hours are 09001700.
Micro-enterprise company
A micro-enterprise is a company that complies with the following
requirements:
Has 100% private capital
Produces goods, renders services or carries out commercial activities
Has 1 to 9 employees
Has an annual turnover up to EUR 100,000.
A company that qualifies for the micro-enterprise regime will not pay
profit tax, but anincome tax of 3%, levied on its total revenues.
In case the company fails/is enable to comply with one of the above
conditions, it becomesa profit tax payer, starting from the following
year.
Choosing between the income tax regime and the profit tax regime is the
investors option,upon the companys registration with the Trade
Register Office.
The tax is paid on a quarterly basis and it is due on 25th of the first
month following thereporting quarter.
One should take into consideration that the micro-enterprise regime will
disappear onceRomania joins the EU.
Conclusion(s)
References/
Bibliography
www.ccibrc.ro
www.rumaenien.um.dk
Photos/
charts/ drawings
Thank you/ Do you have any
questions?