If you’re a foreigner who owns property in Romania, it’s quite likely that you’ll be looking to rent it out, to earn yourself a neat profit. Familiarizing yourself with the Romanian tax system before you begin renting out a property in the country is crucial. Knowing how much you will have to pay to the state will help you get a better idea of how much rent you should charge your tenants, in order
When you’re looking to invest money, you have two main options - real estate or the stock market. The question is which is safer and which will generate the most return on investment (ROI). Also, you need to think which of the two is more accessible to you. You can just as easily buy some stocks or a property, but understanding how the stock market works is not for everybody, whereas a
1) If you're not a Romanian citizen, you must obtain tax registration number NIF Any foreigner is allowed to buy an apartment or house in Romania, but things are easier for EU citizens, who can also own land in Romania. A real estate transaction involves paying a number of taxes. In order to do so, a foreign citizen must obtain a tax registration number, called NIF. This is the equivalent of T
Remove Your Favorite Furniture When a buyer walks into the house they might be quite taken with the antique sideboard in the dining room. It would be a pity to disappoint them by telling them you’re taking it with you. It is totally understandable, but it creates a let-down feeling. The house won’t seem as nice if they hear it doesn’t come with an exquisite piece of furniture they saw in the pict
Who must obtain a NIF? Romanian citizens do not have a NIF, as they use their personal numeric code (CNP) attributed at birth and mentioned on their ID, for tax purposes. As far as foreign citizens are concerned there are two types of situations: If a foreign resident applies for and obtains a residence permit they do not need to also get a NIF. EU citizens who obtain a registration c
The money exhibition The permanent exhibition was inaugurated in 2003 and it’s not just about money, but also about the bank’s history. The exhibition, located in the main hall, presents old documents relating to bank transactions, medals and pins, as well as collection of postcards and old flyers promoting the bank’s activity. You might also like the old safes and piggy-banks, some of them dat
Is Bucharest safe at night? As mentioned before violent crime and muggings are extremely rare in Bucharest. The city center is very safe and if you go out for a beer in the Old Town, Bucharest’s nightlife hub, the area is usually full of people, decent people that is, so you’re as safe as you can be! Are there no-go areas in Bucharest? Unfortunately, yes, there are certain areas where you sh
For a long part of its history, Romania fought for existence sandwiched between rival empires. The three main provinces that make up modern Romania, namely Moldavia, Wallachia and Transylvania, were for centuries under the influence of the Ottoman or the Austro-Hungarian empires, which left a mark on the country’s architecture. There is no one style that can be defined as purely Romanian architect
When you arrive in Bucharest, prepare yourself for a trip through history as the Romanian capital is dotted by architectural gems reminding of long gone times. More than a century ago, Bucharest prided itself as being a Little Paris and if you walk down the large tree-shaded boulevards downtown you will see why. There are plenty of richly-decorated Art Nouveau buildings rubbing shoulders with Art
The real estate market, like all the economy, took a serious hit from the 2020 pandemic and we don’t know what lies ahead. Investing in real estate is always a good choice, people need housing no matter what, but you must be very wise about it. Here are five essential rules to guide you through these difficult times. Study the market and keep an eye on it Real estate is no
If you are planning to relocate to Bucharest and need a place to stay, H Pipera Lake Residential Project might be just the thing you need. A brand new home in a brand new exclusive community, offering you the best living conditions anywhere in the Romanian capital. Here are just a few reasons why H Pipera Lake Residential Project is a wonderful choice for someone moving to Bucharest or looking to
When it comes to the coronavirus pandemic, it is only natural to have questions and concerns. And the most reliable sources of information for COVID-19 in Bucharest remain the ones from the public authorities such as the National Institute of Public Health Romania and TELVERDE 0800 800 358. Since we’re here to help you stay healthy and informed, we shared next a comprehensive guide on what to d
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