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Romania does not recognise a fully equivalent “work made for hire” concept in the common-law sense. Instead, the ownership of copyright in employee-created works is governed by Law no. 8/1996 on copyright and neighbouring rights, which draws a fundamental distinction… MORE

Although, in principle, the same types of taxes apply, there are some important differences between the taxation of self-employment income and employment income. Self-employment income Income tax – 10% Social security contributions: Pension contribution (CAS) – 25% Health insurance contribution… MORE

Romania is an attractive jurisdiction for IT companies and technology investors due to its competitive tax environment, access to the European market, and growing digital ecosystem. Businesses operating in the Romanian IT sector must carefully assess the applicable tax rules…. MORE

When entering the Romanian market, foreign investors have the option of incorporating a new legal entity with a Romanian legal personality, or setting up a unit of a foreign parent company, which will not have a Romanian legal personality. Under… MORE

Over the past years, Romania has become one of the most attractive jurisdictions in Central and Eastern Europe for IT businesses, software development companies, and technology investors. Combining a highly skilled workforce, competitive operational costs, strong digital infrastructure, and access… MORE