Residency in Romania offers many benefits for those engaged in commercial activities. First and foremost, it provides access to a highly skilled and educated workforce. Romania is also home to a number of world-class universities, which produce graduates that are sought-after by businesses around the globe. Secondly, residency in Romania comes with a number of tax advantages. The country has a number of generous tax incentives for businesses, including low corporate tax rates and a number of double taxation agreements. These factors make Romania an attractive destination for businesses looking to set up operations in Europe.
Romania's Residence for Commercial Activities Program is designed to attract foreign investors and entrepreneurs to the country. The program offers a number of benefits, including a fast-track residency process, preferential tax treatment, and access to a host of government incentives.
In order to be eligible for the program, applicants must meet a number of criteria, including making a minimum investment in Romania and demonstrating a commitment to creating new jobs in the country. Once approved, residents can apply for Romanian citizenship after five years.
According to the SovSpot Passport Ranking Index, the Romanian passport is presently ranked 17th. It allows entrance to 176 countries without requiring a visa. It is one of the best-ranked passports in the world, with a high mobility score. Visa-free travel and visa-on-arrival are available to Romanian passport holders in countries such as the United Kingdom, the United Arab Emirates, Japan, and the European Union as a whole. This enables for almost instantaneous travel opportunities all around the world. Romanian passport holders, on the other hand, need a visa to visit roughly 53 countries around the world. China, India, and the United States are among the countries that require a visa.
The number of countries Romania passport holders can enter without a visa (i.e. visa-free countries) is added to the number of countries Romania passport holders can enter by obtaining a visa on arrival (i.e. visa-on-arrival countries) or an electronic travel authorization (i.e. visa-on-arrival countries) (eTA). There are now 136 visa-free countries for Romanian passport holders, 37 visa-on-arrival countries, and three eTA destinations. Romanian passport holders can visit a total of 176 countries, either without a visa, with a visa on arrival, or with an electronic travel authorization (eTA). As a result, the Romania passport is ranked 17th in the world. In addition to these visa-free and visa-on-arrival countries, there are 53 other countries where Romania passport holders require a physical visa or an eVisa (i.e. visa required countries).
You can apply for Romanian citizenship through descent if you have a parent or grandmother who was a citizen of Romania. However, you may petition for citizenship up to the third generation if you had a parent, grandparent, or great-grandparent born in the Kingdom of Romani between 1918 and 1940 in any location, including Bessarabia and Northern Bukovina.
Note: Keep in mind that the costs for citizenship by descent applications can vary and depend on many factors, such as:
* In the case of first generation citizenship by descent, we assumed ONLY administration costs, which will be around $100 or less (usually free if application is done in the same country versus foreign embassy or consulate)
We are currently working on updating all countries with digital nomad visas, check back soon. If you register we will send out a notification email as soon as these are added.
Indonesia, particularly Bali, has long been a preferred digital nomad destination. The new Indonesia digital nomad visa will soon be available to remote workers. This