Romania offers both citizenship and residency by investment to a foreign investor who invests in the country. The naturalization time is reduced by half for citizenship if the foreigners invest at least EUR 1 million or more under the current citizenship legislation.
There are no special rules about the granting of citizenship based on a residence permit obtained by an investor. Investors who wish to become Romanian citizens have to go through the general naturalization process. Romanian citizenship can be granted to those foreigners who have had their main residence in Romain for the past eight years. This timeframe can be reduced to four years of its duration if the applicant invested at least EUR 1,000,000 in business or real estate in Romania, which also requires integration into language and culture.
Aside from the condition of residence, the foreigners who apply for Romanian citizenship need to also fulfill certain additional criteria:
– Demonstrate their loyalty towards the Romanian state through their actions, conduct, and attitude
– Demonstrate that they did not undertake or support actions directed against the rule of law or national security and that he/she has never had such conduct in the past either, is over the age of 18
– Has adequate financial means
– Is known to have good conduct and has not been convicted, either in Romania or abroad, for crimes that make him/her unworthy to be a Romania citizen
– Speaks the Romanian language and has basic knowledge of Romanian culture and civilization, capable of allowing him/to integrate into the social life
– Is familiar with the provisions of the Romanian Constitution and with the national anthem
To receive temporary residency in Romania, foreigners must invest:
– EUR 100,000 and the creation of at least 10 new jobs in the case of a limited liability company
– EUR 150,000 and at least 15 new jobs in the case joint-stock company
For foreign nationals who invested an investment of EUR 1,000,000 or 100 new jobs, the conditions of continuous residence of five years and personal financial means equal to the minimum wage are waived. In addition, they must meet the following:
Proof of investment can be made with certificates issued by the Trade Registry, certificates from the tax authorities, and financial evaluation reports prepared by certified accountants.
Once granted permanent residence, the foreigner must maintain a continuous physical residence, otherwise, the right to permanent residence will cease; the foreigner must not be granted permanent residence in another country, and must not be absent from the Romanian territory for more than 12 consecutive months.
The requirements and qualifications required to obtain Romania residency or citizenship are listed above in the “About Romania Citizenship and Residency” section.
Privacy World offers its services to anyone, not only looking to obtain residency and/or citizenship processes but our experts figure out legal ways to:
Privacy World can also help you with incorporating your company in Romania, assisting in getting you settled in the country, and coordinating with you so that this experience will be less of a hassle.
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Yes, Romanian citizens have the right to hold dual nationality and thus acquire second citizenship without losing their original citizenship. Foreigners who are granted Romanian citizenship are granted the same rights as Romanian citizens.
Yes, you can include your spouse and children under 18 years old.
Once granted permanent residence, the foreigner must maintain a continuous physical residence, otherwise, the right to permanent residence will cease; the foreigner must not be granted permanent residence in another country, must not be absent from the Romanian territory for more than 12 consecutive months.
The permanent residence permit can be obtained only if foreign citizens have already been granted a temporary residence permit and fulfill the conditions, proof of a continuous and legal stay of a minimum of 5 years on national territory with a maximum absence of 6 consecutive months.
Yes, you need to submit your application in person.
Yes, a quick test is conducted for a Romanian language test.
Romanian citizenship by naturalization can be obtained by legally residing in Romania as a permanent resident for eight years. Also, it’s necessary to have a stable and regular income, a legal title to the occupied living premises, and confirmed knowledge about the Romanian language, history, and civilization.
Romanian citizens domiciled in Romania are considered Romanian tax residents and are taxed on their worldwide income (except for salary income received from abroad for work performed abroad, which is tax-exempt) unless they prove using tax residence certificates that they qualify as tax residents of a state with which Romania concluded a double tax treaty (DTT).
There are no net wealth/worth taxes in Romania.
In certain circumstances, no inheritance taxes apply in Romania, except for real estate transfers.
There are some categories of foreigners that cannot obtain a residence visa in Romania such as: