Romania

Ease of Doing Business in

Romania

This page summarizes Doing Business 2013 data for Romania. The first table lists the overall "Ease of Doing Business" rank (out of 185 economies) and the rankings by each topic. It also lists the economy's distance to frontier (DTF)** measure. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

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Economy Summary
Starting a Business
Dealing with Construction Permits
Getting Electricity
Registering Property
Getting Credit
Protecting Investors
Paying Taxes
Trading Across Borders
Enforcing Contracts
Resolving Insolvency
Region Eastern Europe & Central Asia
Income Category Upper middle income
Population 21,390,000
GNI Per Capita (US$) 7,910
Doing Business 2013 Rank Doing Business 2012 Rank Change in Rank
72 72 0

Doing Business 2013 DTF** (% points) Doing Business 2012 DTF** (% points) Improvement in DTF** (% points)
67.1 65.4 down 1.7
Topic Rankings DB 2013 Rank DB 2012 Rank Change in Rank
Starting a Business 68 61 up -7
Dealing with Construction Permits 129 125 up -4
Getting Electricity 168 167 up -1
Registering Property 72 72 No change
Getting Credit 12 9 up -3
Protecting Investors 49 46 up -3
Paying Taxes 136 157 up 21
Trading Across Borders 72 69 up -3
Enforcing Contracts 60 60 No change
Resolving Insolvency 102 101 up -1

Economy Profile

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Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2013 Rank 68 DB 2012 Rank 61 Change in Rank down-7
DB 2013 DTF** (% points) 88.8 DB 2012 DTF** (% points) 87.9 Improvement in DTF** (% points) up0.9
Indicator Romania Eastern Europe & Central Asia OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

View methodology Procedures (number)
6 6 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

View methodology Time (days)
10 14 12

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

View methodology Cost (% of income per capita)
2.8 6.8 4.5

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

View methodology Paid-in Min. Capital (% of income per capita)
0.8 5.0 13.3
No. Procedure Time to Complete Associated Costs
1 Obtain a certificate from the Trade Registry proving the availability of the proposed company name and make a reservation of the name 1 day RON 64
2 Deposit funds in a bank and obtain a document confirming bank deposit of sufficient funds 1 day bank commission ranges from zero to 0.5% of capital.
3 Obtain a certificate from the fiscal administration agency giving clearance for the headquarter of the offices 1 day no charge
4 Register with the Unique Office (Biroul Unic) of trade registry Registrul Comertului (BASC), Bucharest Tribunal; obtain court registration, publication of notice, and registration for statistical purposes and social security 3 days RON 120 (registration fee) + RON 30 for each mandatory element of the basic information of the company to be registered, such as social capital, firm, associates, administrators, headquarters, main object of activity + RON 104 for each 2,000 characters publication fee in the Romanian Official Gazette + RON 30 for filing with the Trade Registry ("ascertaining certificate") + liquidation fund fee (50% of taxes applied by the Trade Registry offices) + RON 10 (Single Registration Code) + bulletin fund tax (5% of taxes applied by the Trade Registry offices) + RON 10 (fee for Trade registry to send the documents that need publishing to the Romanian Official Gazette)
5 Register for VAT 3 days no charge
6 Register the employees contracts with the Territorial Labor Inspectorate (TLI) online 1 day no charge

** The distance to frontier (DTF) measure shows the distance of each economy to the "frontier," which represents the highest performance observed on each of the indicators across all economies included in Doing Business since each indicator was included in Doing Business. An economy’s distance to frontier is indicated on a scale from 0 to 100, where 0 represents the lowest performance and 100 the frontier. Read more...

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