maandag 29 mei 2017

Start-up nation Romania subventions

The "Start-Up Nation - Romania" programme awards the minimis aid to a maximum of 10,000  small and medium-sized enterprises at a maximum value of 200,000 lei per beneficiary, representing 100% of the value of eligible expenditure.
FINANCING
MAXIM 100% AFN, but can not exceed 200,000 lei per beneficiary (including VAT for non-paying companies)
Expenditure on fees, fees, commissions (excluding FNGCIMM commission), packaging, transport, commissioning, staff training for the use of purchased items are not eligible.
BENEFICIARIES
Registered according to Law no. 31/1990 on societies, republished, with subsequent amendments or completions or on the basis of Law no.1 / 2005 on the organization and functioning of co-operation or on the basis of Government Emergency Ordinance no.6 / 2011 Setting up and development of microenterprises by business start-up entrepreneurs, with subsequent modifications and additions;
 It is considered to be an autonomous enterprise if:
  • Have wholly private equity capital;
  • Associations or shareholders holding several companies can only apply under one program to a single company.
  • They are registered at the Trade Register Office, have their registered office / work place and operate on Romanian territory;
  • The NACE code for which funding is requested is eligible under the Program (Annex 13) and authorized until the first application for repayment / payment, according to art. 15 of the Law 359/2004 on the simplification of the formalities for the registration of the natural persons, family associations and legal persons in the Trade Register, their tax registration, as well as the authorization of the operation of the legal entities, with the subsequent modifications and completions. The request for financing is made on one NACE code;
  • Have no debts to the consolidated general budget and local budgets, both for the registered office and for all the working points, at the signing of the grant agreement; Applicants with staggered debts are not eligible to access the Program.
  • Have not exceeded the de minimis ceiling of EUR 200,000.00 over three consecutive financial years for a single enterprise, as defined by EU Regulation no. No 1407/2013 of 18 December 2013 on the application of Articles 107 and 108 of the Treaty on the Functioning of the European Union to de minimis aid and EUR 100 000 over three financial years for beneficiaries carrying out freight transport for the account of third parties or against payment. The ceilings apply regardless of the form of the de minimis aid or the objective pursued and whether the aid is granted from the state budget or from Community funds.
Eligible expenditure
  • The subject of funding must fall within one or more of the following eligible categories:
  • Technological equipments, machinery, equipment, electric forklifts, forklifts and work installations - including the related software, necessary for carrying out the activities for which it has requested financing, except for mechanical, electric, electronic, billiard, music machines;
  • Purchase of workspaces, production premises and premises for the provision of services and trade (buildings, production halls, premises arranged for service activities, production and trade, including prefabricated elements);
  • Means of transport: cars, buses, minibuses, bikes, mopeds, motorcycles, motorhomes, motorhomes, with and without motor for street trade ;
  • Computing IT equipment (PC type, consisting of: central unit, server, monitor, printer / copier / multifunction, including portable systems, licenses required to conduct business, audio-video systems, etc.);
  • Acquisition of goods provided in sub-groups 3.1 furniture, 3.2 Office equipment and 3.3 protection systems for human and material values;
  • Acquisition of specific installations / equipment in order to achieve energy savings, as well as systems using renewable energy sources for the efficiency of the activities for which it requested funding;
  • Purchase of heating or air-conditioning installations related to the area of ​​activity of trade, production or services;
  • Salaries, utilities and expenditures related to rents for working spaces, production premises and premises for services and trade (buildings, production halls, premises arranged for service activities, production and trade, including prefabricated elements). Spaces for rent are not to be rented. Salaries are settled at the average salary level, including employers' contributions. The settlement is made for the value of the salaries, utilities and rent after the signing of the agreement for the implementation period;
  • Creating a webpage for the presentation and promotion of the activity of the applicant and of the products or services, including domain registration expenses without hosting, for economic operators who do not own another site and which must be functional at the date of filing the application for de minimis aid, in The maximum limit of 8000 lei excluding VAT;
  • Intangible assets related to patents, franchises, eco-labeling, licenses, eco-labeling, on-line software, software required to carry out the activity for which funding is requested;
  • Entrepreneurial skills development courses - for the associate / administrator of the applicant company, a course organized by an authorized body of entrepreneurial education within the limit of 3000 lei without VAT. Providers of eligible training services within the Program may only be approved training providers, who will provide supporting documentation on the qualification of the persons conducting the training in the field;

woensdag 12 april 2017

The tax on micro-enterprises becomes compulsory for all businesses with turnover below 500,000 euros the tax rate is only 3%

All companies with private capital  that earned up to 500,000 euros in revenue in 2016 are required to change their tax system by becoming a taxpayer on microfinance income. Basically, no private company with income under this ceiling can not  pay a 16%  tax rate, but is forced to apply the tax regime for micro-enterprises. The only companies that escape this obligation are those with social capital of at least 45,000 lei, who can choose which tax system they apply (micro or profit tax).
Regarding the ceiling to which a legal company  can qualify as a micro-enterprise, it has grown from 100,000 euros, as it was from 1 January 2016, to 500.000 euros. Accordingly, a micro-enterprise is considered to be a legal entity  if  in the previous financial year did not exceed revenues of 500,000 euros, equivalent in lei, this means  five times more than the previously established ceiling.
In addition to the increase of the ceiling for the "micro enterprise" category, OUG no. 3/2017 introduces a 1% tax rate for micro-enterprises with at least one employee hired under an employment contract. Previously, single-employee businesses applied a 2% tax rate, except for those newly established, who could, by way of exception to the aforementioned rule, apply a reduced rate of 1%.
Henceforth, a tax rate of 1% or 3% is applied to companies organized as micro-enterprises, as follows:
• 1% tax rate for micro-enterprises with at least one employee;
• 3% tax rate for micro-enterprises that do not even have an employee.


The companies covered by the new provisions of this Law  will file the income tax return, Form 101, by 25 February 2017 at the latest (for period January 1-31, 2017).

dinsdag 4 april 2017

Seminar ICT and Automation : investment approach and potential subventions and grants

Belgian week in Cluj Napoca by Beroba (The Belgian Romanian Business Association) and The Embassy of the Kingdom of Belgium
Seminar Tuesday 25 April 2017:
ICT and Automation : investment approach and potential subventions and grants
Venue : Hotel Grand Italia,Strada Trifoiului,2,Cluj-Napoca, Romania , conference room 2 : 
11.00 – 12. 30 : ICT and Automation : investment approach and potential subventions and grants - PBS Worldwide – Freddy Jacobs, president Belgian Romanian Real Estate Chamber
Subscription: cibr@telenet.be  before 21 April 2017

donderdag 16 februari 2017

Een roemeense firma oprichten - roemeense vennootschap oprichten

De ondernemingsvorm
De bv = sprl = bvba = ltd (societate cu raspundere limitata, SRL): buitenlanders die in Roemenië een bedrijf willen starten, kiezen, al dan niet in de vorm van een joint venture met een Roemeense partner, meestal voor deze vorm. Reden hiervoor is dat de SRL grote flexibiliteit biedt en het beste naar de wensen van de betreffende ondernemer(s) kan worden vormgegeven.
De SRL kan voor 100 procent in buitenlandse handen zijn. Ook de bestuurders mogen van buitenlandse afkomst zijn. Het aantal deelnemers in een SRL is minimaal een en maximaal vijftig. Een enig aandeelhouder mag niet in meer dan één SRL enig aandeelhouder zijn.
Ook de eenmanszaak komt als SRL in Roemenië veelvuldig voor. 
De kapitaalinbreng kan zowel in geld als in natura worden gedaan en bedraagt minimaal 200 lei .
De oprichting van een SRL vindt plaats op basis van de statuten. Om contracten te kunnen afsluiten of te kunnen in- of verkopen, is echter de registratie in het handelsregister vereist.
Deze vindt maximaal vijftien dagen na ondertekening van de statuten plaats.
De voor het oprichten van de onderneming benodigde documenten
  • Kopie B.I. (Buletin de Identitate)/C.I. (Card de Identitate)/ Paspoort – van alle aandeelhouder(s)/vennoten.
  • Er is geen beroepsbekwaamheid nodig in de meeste van de gevallen (90 percent)
  • Enkele verklaringen van de oprichters
  • Een specimen van de handtekening van de oprichters
  • Kopie B.I. (Buletin de Identitate)/C.I. (Card de Identitate)/ Paspoort – van de administrator(s), (vergelijkbaar met een bestuurder/gemachtigde).
  • Kopie Vestigingscontract (huur- of koopcontract) – van de ruimte waar de statutaire zetel van het bedrijf zich bevindt (met de persoonsgegevens van de eigenaren).

Naast deze documenten moeten, afhankelijk van het soort onderneming dat wordt opgericht, andere meer specifieke documenten worden overlegd. Hiervoor kunt u aanvullende informatie opvragen als u ons contacteert.
Het bepalen van de bedrijfsactiviteiten
Dit moeten worden gedaan in overeenstemming met de nieuwe versie van de CAEN (CAEN rev. 2.) De eerste versie van de CAEN (Clasificării Activită-ilor din Economia Na-ionala, de Nationale Classificatie van Economische Activiteiten), goedgekeurd door de HG nr. 656/1997, is in het leven geroepen om de identificatie en codificatie van alle activiteiten in een enkel systeem te waarborgen, dit met inachtneming van de bepalingen van de Verordening van de Raad van de Europese Economische Gemeenschap (EEG) nr. 3037/1990. Deze versie is in 2007 geharmoniseerd met de Statistische Nomenclatuur van de economische Activiteiten in de Europese Gemeenschap, resp. NACE rev. 2.
Het indienen van het volledige dossier bij het Handelsregister
Het verzoek tot inschrijving in het Handelsregister moet worden gedaan bij het ‘alles in een’ loket van het Handelsregister behorende bij de rechtbank in het district waar de onderneming zijn statutaire zetel zal hebben, dit kan door de oprichters, de beheerder(s), of hun vertegenwoordigers, alsmede door ieder belanghebbend persoon, zulks conform de wetgeving.
Afhankelijk van de bedrijfsactiviteit kunnen aanvullende vergunningen vereist zijn voor brandveiligheid, gezondheid, veterinaire gezondheid, milieu of arbeidsomstandigheden. De verantwoordelijke autoriteiten hebben zitting binnen het handelsregister. Vaak zijn voor de aanvraag aanvullende documenten vereist. Wanneer het handelsregister het certificaat van incorporatie heeft afgegeven, mag de onderneming beginnen met de commerciële activiteiten. Men moet zich dan nog wel binnen vijftien dagen registreren bij de belastingautoriteiten. Eveneens moeten de handtekeningen van personen met tekenbevoegdheid in het handelsregister geregistreerd worden.
Bedrijfsbeëindiging
Als een bedrijf wordt beëindigd, moet het bij het handelsregister weer worden uitgeschreven. Een faillissement mag volgens de wet niet later dan drie maanden na de bedrijfsbeëindiging uitgesproken worden.
TVA (Taxa pe Valoarea Adăugate) BTW (Belasting Toegevoegde Waarde)
Bij de oprichting kan de onderneming ervoor kiezen om al dan niet BTW te betalen.
De optie ‘niet BTW-plichtig’ is mogelijk bij een jaarlijkse omzet tot een bedrag van maximaal 35.000,- Euro, respectievelijk 119.000,- Lei (RON), (deze koers is berekend per datum van de toetreding van Roemenië tot de E.U.). Het bedrijf heeft de verplichting om binnen een termijn van 10 werkdagen van de maand die volgt op die waarin het maximumbedrag is overschreden zich te registreren als BTW-plichtige door middel van het indienen van formulier 010.
Als gekozen wordt voor de optie ‘niet BTW-plichtig’ ‘geen BTW betalen’ vervalt voor de onderneming de mogelijkheid tot BTW-aftrek van de inkoopfacturen. Bij het verzenden van facturen mag ook de bijbehorende BTW niet worden vermeld.
More info mail frjacobs@telenet.be

15 lei – the new face value of the meal tickets in Romania

Starting December 2016, the new maximum nominal value of meal vouchers is 15 lei.
The new nominal value of meal vouchers was established by Law no. 218/2016 for the amendment of Art. 3 paragraphs. (1) of Law no. 142/1998 regarding grating food vouchers, published in the Official Gazette no. 931/2016.
Therefore, in accordance with the provisions of this law the order meal tickets with face values of up to 15 lei inclusive can be delivered starting from December.
Ticket Restaurant Card offers  greater flexibility compared to paper tickets. The card allows fractional payments below or above the nominal value of a meal ticket, no longer necessary to complete the amount of cash and purchase products with low value.
Increasing the nominal value of the voucher bring numerous benefits for both companies  and for the beneficiaries:
• Increased purchasing power for employees
• Deductibility and relief from social charges for companies and employees. Compared with the same amount of cash grant, the companies  save 40% if granted Ticket Restaurant  vouchers or card.

donderdag 26 januari 2017

seminar: Investing, outsourcing and recruitment in Romania

Where: Tinnenpot hall courtyard, Tinnenpotstraat 21, 9000 Ghent

When: Sunday, February 5th OM 15h

Speaker: ir. Freddy Jacobs, president "Belgian Romanian Real Estate Chamber '
You will get answer on the following topics:
  • What should I do if I'm going to invest in Romania?
  • Can I apply for grants?
  • Where should I look?
  • How do I proceed?
  • How do I outsource products and services to Romania?
  • How do I recruit in Romania?
Registrations required: mail to cibr@telenet.be  (name, organization, phone and e-mail and number of people)
This event is hosted door KEG - after the lecture you can visit the exhibition.
KEG brings the industry into contact with artists to promote creativity in companies.
If you want you can attend the vernissage with apero - concert with the family 11am on Sunday, February 5th at the same location.

woensdag 25 januari 2017

Reduction of the tax rate for dividend revenue obtained by non-residents in Romania

The new fiscal code.
The tax rate for dividend revenues derived by non-residents from Romania has been reduced from 16% to 5%, as of 1 January 2017, similarly to the amendment brought in the case of distribution of dividends to Romanian legal entities.

More info mail frjacobs@telenet.be

Tax exemption for ICT employees in Romania

The procedure regarding the exemption from income tax for IT employees was modified by Order of the Ministry of Finance no. 835/2015 which replaces the old legal framework (MFP Order no. 1479/2013 – repealed). The new regulations stipulate that the employees in this sector may be exempt from income tax only if they occupy certain positions, as defined by the law.
Starting July 30, the alumni working in this sector must be in one of the eight functions, as defined in the Annex of the Order 835/2015:
  • Database Administrator
  • Analyst
  • System Engineer in Computer Science
  • Software System Engineer
  • IT Project Manager
  • Programmer
  • Information System Designer
  • Computer System Developers
In the old regulation, the provisions established that the IT employees can benefit from exemption if, besides the specific jobs, they graduated with bachelor certain specialties such as automation, mathematics, physics or chemistry informatics, cybernetics, accounting and management information systems etc.
The new regulation makes no reference to the graduate specialization, but specifies the requirement of higher education: IT employees “holds a diploma awarded after completion of a higher education long-term form or a diploma awarded after the completion of the first cycle of the collage studies, issued by an accredited higher education institution, and actually provides one of the activities listed in the Annex”, according to the Order 835/2015.
But there are no changes on the rest of the conditions to be met for the IT employees to benefit from income tax exemption:
  • the posts including the occupations correspond to the aforesaid;
  • the post is part of a specialized compartment, highlighting in the organizational chart;
  • the employer has made in the previous fiscal year and recorded separately in analytical balances as a result of a creative activity of computer programs for trading on a contract basis, an annual income of at least the equivalent of 10,000 US dollars (calculated on the average monthly exchange rate by the National Bank of Romania related to each month which saw income) for each employee who is exempt from income tax.
Proposed amendments to existing exemption for IT roles - coming soon in 2017
A draft order has been published stating how similar income tax exemptions for individuals in specialist Information Technology (IT) roles under the current law will be subject to change. Under the new rules the activities of the individual will be more important than the formal job title when determining whether the exemption will apply. 
Under certain conditions, Romania currently provides for favorable tax treatment for salary income derived by IT specialists as follows:
  • Positions held by the eligible employees are limited to Database Administrator, Analyst, Informatics System Engineer, Software Engineer, Informatics Project Manager, Programmer, Informatics System Designer, Informatics System Programmer.
  • Employees eligible for the income tax exemption work within a specialized IT department in accordance with the organizational chart of the employer.
  • Employees should effectively perform one of the activities referred to in the relevant Order and hold a study diploma awarded after graduating from a long-term higher education institution or, alternatively, a diploma awarded after completing cycle one of university education (the diploma should be issued by an accredited higher education institution).
  • During the previous fiscal year, the employer has realized, and it has booked distinctively in the trial balance, a yearly turnover of at least USD10,000 for each of the respective employees (this income being obtained from software creation activities based on a services contract).
In order to apply for the IT exemption, the employer should hold on file the employer’s related justifying documentation.
The main amendments to the existing exemptions are the following:
  • For companies founded in the current year, the condition of USD10,000 referred above should be fulfilled by the end of the next fiscal year when they benefit from the income tax exemption. This will also apply to existing companies that undertake an activity of software creation in the year as a result of business reorganization.
  • Instead of defining activities eligible for the exemption by reference to formal role descriptions they will be defined by reference to the tasks and activities to be performed by the individual. In other words the title of the role will no longer of itself define whether the exemption applies.
More info mail frjacobs@telenet.be

maandag 23 januari 2017

INTEREST ON DEPOSIT IN KAZAKHSTAN 14 percent per year in 2017

Keeping some cash in your investment portfolio has always been important for both an emergency fund and to meet short-term goals. But in 2017, it will be even more important, since market volatility is expected to be higher than usual. You don’t want to be forced to sell stocks when you need cash in a down market.
The question is: Where should you put your savings in 2017 ?
One of the answers is : The Republic o Kazakhstan.
Minimum deposit amount USD 5000, EURO 5000 or KZT 750 000                                                           
Min balance USD 5000, EURO 5000 or KZT 750 000                                                                       
Max deposit amount taking in account additional payments for new deposits USD 10 000 000 , EURO 10 000 000  or KZT 1 820 000 000
Net withdrawals: no limitation till min balance                                                                                
Additional payments: no limitation on amount and periodicity of additional payments in line with the max deposit amount
Term of interest rate fixation: interest rate is fixed for the whole period of deposit agreement                 
Interest payment: interest is paid on the first working day of every month on client’s current account
without capitalization
Prolongation: automatic deposit prolongation on the same period, with the same conditions, with interest rate defined by the Bank at the date of deposit prolongation
We help investors with the paperwork and help them to get the paperwork in order to be able to open the savings account in Kazakhstan.
Deposit term
12 months

nominal
effective
KZT
13,20
14.0
USD
1,90
1,9
EURO
0.0
0.0








More info : mail me frjacobs@telenet.be

woensdag 18 januari 2017

Document archive services romania

Document storage is required when you have historic documents that you need to retain, but do not have the facilities to store them securely. It is likely that the cost your office space is comparatively expensive compared to archive storage, resulting in off-site archive storage being more economical that keeping the boxes of documents in your office.
Starting January 1, 2016, the rules on archiving documents were amended by an order of the Ministry of Public Finance (MFP). Among the changes which are able to keep the accounting archive documents electronically, and the list containing the types of documents that must be retained for five years was completed.
Rules on archiving and keeping of accounting and other financial and accounting documents can be found in Section C of the General Norms for preparation and use of financial and accounting documents, approved by Order of MPF no. 2634/2015 in force on 1 January 2016.
Accordingly, persons referred to in art. 1 para. (1) - (4) of Law no. 82/1991, as amended and supplemented, are required to maintain a certain number of years a number of financial and accounting documents. Also, the self-specific fields for which the applicable law provides for use of other documents, applied properly and specific regulations.
The registers and other financial and accounting documents are archived for a period of 10 years starting from the date of financial year during which they were completed.
The exception to this rule are payroll, that will be archived for a period of  50 years.
In other words, companies, societies / national companies, autonomous administrations, national institutes for research and development, cooperative societies and other legal entities are obliged to keep their archive the books and documents underlying the recording in accounting
We offer archive services from 1 January 2017.
  • Free document storage quotations
  • Long and short term document storage
  • Secure document storage facilities
  • Fully equipped document archive storage systems 
  • Secure destruction services when the documents are no longer needed
  • Delivery/pickup services
You need to keep your company documents 5 years at disposition in Romania to governmental organisations.
If you stop your activities, we can keep the archive for you.
Contact us for prices and modalities.
You can already store your documents for 150 euro/year ex VAT (rata BNR)
Request a Free no obligation document storage quotation to find how much your document storage would cost