Lawyer Bucharest

[Taru & Associates]

I am a lawyer in Bucharest and I cannot believe that so many foreigners are still setting up companies to buy property. It is no longer the law that foreigners must set up a company to buy land. It is also very bad to set up a comany as a lot of your profit goes in tax that you must pay.

Anyone who wishes advice on this or any other matter please feel free to contact us.


Andrei Taru

tarusiasociatii.ro
office@tarusiasociatii.ro
A google search for Taru & associates will find us at .

[ovidiu]

Originally Posted by Taru & Associates

I am a lawyer in Bucharest and I cannot believe that so many foreigners are still setting up companies to buy property. It is no longer the law that foreigners must set up a company to buy land. It is also very bad to set up a comany as a lot of your profit goes in tax that you must pay.

Anyone who wishes advice on this or any other matter please feel free to contact us.


Andrei Taru

tarusiasociatii.ro
office@tarusiasociatii.ro
A google search for Taru & associates will find us at .

if you say a foreign citizen can buy land in his name, please tell me how?
there are some condition in order to do that?
you know them?

[korby]

I to have a property ready for completion and have been asked to pay 1375 euros for setup and company broken down like below

160 Euros taxes for the trade registry.

- 60 Euros for the social capital

- 5 Euros as bank comission for seting up the bank account of social capital for the company.

- 600 Euros our Fees.

-100 Euros for the translation of documents.

-450 Euros as rental for the headquarter (6 months

Is this all necessary, also if i can setup a different way or use my ltd company in the UK how can i do this?

Korby Sangha

[Taru & Associates]

I presume you’re buying in Sydney and as well as other investors you didn’t use an independent law firm but I used the one which is working with the developer?
I can tell you from the start that the cost estimated sent it to you by the lawyers are to high for setting up a company. More if you already have a ltd in UK you can just open a branch here and the cost for doing this will be even less.
For more information about it feel free to contact us.
Andrei
0040721959603
00403116359

Originally Posted by korby

I to have a property ready for completion and have been asked to pay 1375 euros for setup and company broken down like below

160 Euros taxes for the trade registry.

- 60 Euros for the social capital

- 5 Euros as bank comission for seting up the bank account of social capital for the company.

- 600 Euros our Fees.

-100 Euros for the translation of documents.

-450 Euros as rental for the headquarter (6 months

Is this all necessary, also if i can setup a different way or use my ltd company in the UK how can i do this?

Korby Sangha

[spuki]

Originally Posted by Taru & Associates

I am a lawyer in Bucharest and I cannot believe that so many foreigners are still setting up companies to buy property. It is no longer the law that foreigners must set up a company to buy land. It is also very bad to set up a comany as a lot of your profit goes in tax that you must pay.

Anyone who wishes advice on this or any other matter please feel free to contact us.


Andrei Taru

...........Original OVIDIU Message............
{if you say a foreign citizen can buy land in his name, please tell me how?
there are some condition in order to do that?
you know them?}




Well, not only to advertizing your servises.
Forums are for people discusions,excange ideas,conserns,problems,helping each other and e.t.c.
Can you tell us with simple words the procedure how a foreigner can buy and own a land in Romania with out to set up a company????

Regards

[Vax]

Hi Spoky,

It is very easy to get land in Rumania without having a company.

You take Rumanian residence with own means of sustaining, that means you present a passport, an european insurance card, a bank statement and a 1RON fiscal stamp at the Foreign Office and you get it in one day. We used to say to our clients about the companies, but after february 2009 we suggest the residency.

So, come to Rumania and get it, unless you pay a solicitor and dont do it yourself it does not cost anything.

[RemainRomania]

Does this mean all EU citizens can now safely and securely own land in Romania without a corporation? What if I own land in a corporate name and wish to ''transfer'' it to my personal name. Is this possible/costly?

I am looking at buying land under a theme park but was told I should form a Company. If you can help me avoid this step that would be great!

[Taru & Associates]

Contact me on office@tarusiasociatii.ro and give me more details and we can can help you.

[wmp]

For the record, setting up a company can cost as low as 300e, but more often, expect to pay 450-500e, tops, unless handled by a law firm, & of course their rates can be as high as 250e/hr. Just reading an email from you can take 10 mins, ie, 42e!

As a guide, translation of documents in high street translators, which is not of course legal, 100% perfect, error free, but good enough for most purposes, is between 1 & 5 euros per full page.

Regards
Damian Galvin

Whitemountainproperty.co.uk

Hopefully, you will not find it necessary, but if you do, base your assumptions on 450e, assuming people here have power of attourney to act for you

Originally Posted by korby

I to have a property ready for completion and have been asked to pay 1375 euros for setup and company broken down like below

160 Euros taxes for the trade registry.

- 60 Euros for the social capital

- 5 Euros as bank comission for seting up the bank account of social capital for the company.

- 600 Euros our Fees.

-100 Euros for the translation of documents.

-450 Euros as rental for the headquarter (6 months

Is this all necessary, also if i can setup a different way or use my ltd company in the UK how can i do this?

Korby Sangha

[Vax]

Hi RemainRomania,

Yes now all EU citizens can get land in Rumania without company. You must find a notary that will do your title deeds without a company, but on residency.

I explained above what are the steps for a residency, you can get it yourself, no taxes involved.

So, for future land you will buy do this, for you as an individual, if you liquidate the company all assets in the company name will go to the share holder, that is YOU, no taxes of notary or lawyer involved.
You might need a lawyer to liquidate the company and then they will give you a certificate with the property in your name, you take it to the land registry and with the residency document the land and property will be yours as individual,

If you need any advice...free of charge , I am not taking my clients off forums, post a comment in reply I will help.