Securing an Investment Visa for Romania
Article by Nicoleta Boaru, Manager, Corporate Management Services
07 March 2024
In today’s globalized landscape, foreign investment stands as a pivotal driver of economic growth and entrepreneurial expansion. For individuals seeking to venture into the Romanian market, securing an investment visa presents a pathway towards realizing business aspirations and contributing to the nation’s economic vitality.
What is an Investment Visa
The Investment Visa is typically issued to foreign investors who plan to establish a business in Romania, make a significant investment in an existing Romanian business, and in general contribute to the development of the country through investment projects, while residing within Romanian borders. This scheme enables investors to request a residency permit.
Requirements for Obtaining an Investment Visa in Romania
The specific requirements and conditions vary depending on the type and scale of the investment, as well as the applicable regulations set forth by the Romanian government. Generally, applicants are required to provide proof of their investment plans, such as a business plan, evidence of sufficient funds, and other documentation demonstrating their commitment to contributing to Romania’s economic growth.
Eligibility Criteria
Eligibility hinges upon becoming a shareholder or associate in a Romanian legal entity, and obtaining the approval of the Ministry of Energy, Small and Medium Enterprises and Business Environment (MEIMMMA). Applicants must demonstrate legal ownership of office space, maintain a monthly income of at least 500 EUR for shareholders of private limited liability companies and 700 EUR for shareholder of joint stock companies, throughout their stay, as well as make proof of the funds necessary to carry out their activities, at least EUR 150,000 for shareholders of joint-stock companies and EUR 100,000 for shareholders of private limited liability companies.
- Renewal and Extension:
The residence permit is initially issued for a period of one year and is subject to renewal for successive one-year periods, contingent upon meeting specific conditions. For instance, investments exceeding 200,000 EUR or the creation of at least 25 job opportunities alleviate the necessity for demonstrating subsistence means. Additionally, investments reaching 500,000 EUR or generating a minimum of 50 full-time positions warrant a three-year extension of residence rights.
- Documentation and Planning:
Applicants are required to furnish a comprehensive business plan outlining the proposed investment value, targeted sectors, and projected job creation. A meticulous twelve-month investment timeline, alongside a three-year business growth projection, underscores the commitment to sustainable entrepreneurial endeavours.
- Health Insurance Coverage:
Adequate health insurance coverage for the applicant, spouse, and dependent children under 18 years old is imperative to ensure comprehensive well-being throughout the residency period.
How can we help?
Over the past decade, Romania has witnessed an extraordinary surge in its economic growth, making it an increasingly attractive market for investment. However, the rapid expansion and shifting political dynamics have created challenges for foreign investors seeking visas. Navigating this landscape requires careful consideration to avoid costly errors. Fortunately, with the appropriate guidance and consultancy, these challenges can be efficiently managed. Our expertise ensures customized services aligned with your personal budget and lifestyle preferences.
