Romania

About Romania Citizenship and Residency

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.

Investment options available to acquire the citizenship and passport of Romania. 

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

Residency

Temporary Residence 

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

Permanent Residency

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:

• The applicant has public health insurance
• The applicant has his/her place of residence in Romania
• Satisfactory knowledge of the Romanian language
• Not a threat to national security or public order

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.

Benefits Of Romania Residency By Investment Program

• The second passport for the whole family as the citizenship by investments is obtained by the investor, his/her spouse, and children under 18. The inclusion of the parents of the spouse in the program is available at an additional cost.
• Holders of the passport of Romania cross the borders of more than 150 countries worldwide visa free and use simplified entry into the USA, Canada, and Australia.
• No requirements for physical residence as acquiring the citizenship does not commit the investor to live in Romania and gives the right to select any European country for permanent residence.
• Security of finances as having a Romanian passport provides access to high-standing European banks for transferring and storing capital.
• Optimization of taxes as citizens of Romania are exempt from income tax, property, gifts, and inheritance tax.
• European education for children is possible with a passport from Romania, your children can study in top European higher education institutions, including UK and Switzerland.

Romania Citizenship and Residency Requirements And Qualifications

The requirements and qualifications required to obtain Romania residency or citizenship are listed above in the “About Romania Citizenship and Residency” section.

Steps And Timeline

• STEP #1: Reservation of the amount in the bank first and last name of the investor.
• STEP #2: Identification of investment options.
• STEP #3: Get a Visa application.
• STEP #4: Acquiring the EU passport.
• STEP #5: Acquiring resident cards (residence permit, permanent residence)
• STEP #6: Applying for citizenship.

Our Services

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:

• Find the best solution for your needs.
• Identify and deploy a strategy to help you accomplish your goals.
• Activate our network of people in the country where you need help without having you search for the best solution or lawyer. We only work with licensed people in every country whom we carefully vet and pass the guidelines and principles of privacy we stand for.
• Focus on cutting through the red tape and expedite your process.
• Provide proper communication with you about your case.
  …. and above all: Offer you legal strategies to provide additional layers of privacy for your identity, while obtaining your residency or citizenship!

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.

Want Privacy World to handle your case? Have any questions? Contact us!

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