apopa116

A quarter of our team was working remotely from Romania, so we decided to relocate. I had plans to go back to CA as soon as everything was in place, but for a while I wanted a vacation... Then it felt wrong to leave and I remained in charge. I'll be back, maybe to get more of my friends in Transylvania with me :-)

If the income goes beyond 100k, you pay 16% tax on profit. Also, if you reinvest a part of the profit to acquire IT software or hardware you are saved from paying 16% of that investment.

We're a cyber security company and moved to Romania because around 1/4 of our employees were Romanians working remotely with us. Sure, if you are willing to work from home you can find a job anywhere it's available.

To answer you tax question, check my previous comment. As for performance indicators, I quote: "Romania will be an economic growth outperformer in Central and Eastern Europe (CEE) in 2016, and the second fastest growing EU economy (behind Ireland)."(http://www.bmiresearch.com/romania). Also low labor costs, ferm legislation.

I fell in love with Romania mainly because of the people. You won't find other people being so grateful just because you say hi. Next, the nature: sure, Ko Samui is heavenly, but I'm more into `vampiric` landscapes. We opted for private healthcare(look into "Queen Mary" - this is what you'd choose). I don't know about public healthcare and I don't really care :-) There are two big festivals somewhere near us: Untold and Electric Castle. I'm a metalhead too, but Armin van Buuren, Tiesto or Faithless really sound good! Regarding the number of IT specialists, just read the reports. It's a fact that they have lower salary expectations, but they're hard workers who eventually end up in the US. This is why the author of the website is calling for entrepreneurs. Have a read: http://teamfound.com/blog/romania-it-industry-report/

We're from the US and were looking for promising European land. No, we incorporated a brand new company(WELOVEHN SRL) not to hassle with bureaucracy. Which is cool from an administrative point of view. Romanian lawyers seem to be fluent in English and we still maintain a productive collaboration.

In Romania, companies which have under 100.000 euro / year income are called microenterprises. Microenterprises have an income tax of 3% which should be paied quarterly. If they have at least one employee, the tax is 2%. If they have at least 2 empoyees, the tax is 1%. The tax on dividends is 5% and IT specialists are free from salary taxes. We moved our headquarters to Bucharest in Q1/2014, but this autumn the team is moving to Sibiu, Transylvania! Glad to be here :-)