Page 19 - Nearshoring to Romania

An important object in doing business in Romania is the stamp. Even though no specific legislation has
been elaborated in this respect, use of stamp on official documents is expected and required from legal
entities when dealing with institutions such as banks, fiscal authorities, trade register, etc. It is most
often regarded as a proof that the stamped document is validly issued by that specific company. There
are many small shops in Bucharest (signposted with “ştampile”) that make company stamps within a
few hours.
In the Constitutive Deed of your company (the incorporation act) you need to classify the economic
activity of the company using standardized classes, called CAEN classes — in line with the European
NACE classification. Your business will have to be limited to the selected activities declared with the
Trade Register, but these can be modified at any time provided that the necessary formalities are done.

3.2.2 Day to day business
After setting up your office, you will also need a legal entity or licensed individual to take care of your
accounting, payroll and with registering (labour) contracts.
You can decide to use the services of a wide range of multifunctional local companies, but it is strongly
advisable to get a few first hand recommendations before you start cooperation, especially also from
companies working in the same field or with the same requirements.
The large international accountancy & law firms are also present on the Romanian market. If you work
in the Netherlands with one of the big firms, then this can be a good option. Especially when you do a lot
of international business, the big international firms are more likely to be able to advise you correctly.
Regardless of your choice (local or international firm), it is important to make sure that the external
companies handling your accountancy and HR matters are always up-to-date with legislative news as
Romanian laws are constantly changing. More legal requirements (such as obligation to perform
financial audit) may be applicable depending on certain criteria established by the law.
From a fiscal point of view there are several deadlines to be met each month, most important one being
the settlement of taxes (taxes corresponding to previous month should be paid to the state budget not
later than 25th of the current month).
3.3 Hiring employees in Romania
When hiring new employees, it is important to find people having the skills and motivation that match
your business needs. This is the same in any country, but there are a few things that are worth mentioning
as they are different from general practice in the Netherlands.

3.3.1 Recruiting
You can either do the recruiting all by yourself, or use a recruitment company. There are several
recruitment agencies available and their services could be useful, especially for the management
positions in your company. Costs for using external recruitment services are normally around one gross
salary. Even when not doing the recruiting process by yourself, being closely involved is still important
in order to get the right people.
When recruiting yourself, it is most common to use the Internet. The two most used job portals are
www.bestjobs.ro and www.ejobs.ro. If you search for people fluent in English, it is advisable to post
advertisement in English. Be as specific as possible with your job title, criteria, education and skills.
Romanian job seekers do not seem very selective and as job-hopping is popular, a general and nice
looking job profile can easily attract a couple of hundred reactions.

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Nearshoring to Romania, NRCC 2013