Dear Clients,
The Romanian Government has approved a new law to introduce tax relief foreign
venture capitalists.
The law aims to encourage start-up businesses and was passed by the chamber
of deputies on April 29, 2015. It applies where a foreign individual, who was previously
unconnected with the company in question, invests any amount between EUR 3’000.00
(USD 3’375.00 ) and EUR 200’000 to acquire an equity share of no more than 49 percent.
Investors will be exempt from tax on dividends for three years, proceeds from the sale of
an equity share during this three-year period will also be exempt.
Should you require any further clarification, please do not hesitate to contact us at:
Kind Regards
Cardwell Advisory Desk
