Romania is considered an attractive destination for entrepreneurs from the United States, Canada, and Japan. While these citizens may initially enter the country without a visa for 90 days within 180 days’ time period, an important aspect of their long-term stay involves securing a Romanian Residence Permit.
In this article, we are going to present you the most important 5 facts regarding this topic.
Can a US/ Canadian/ Japanese Citizen Move to Romania? Yes: Visa-Free Entry to Romania
Do US, Canadian and Japanese citizens need visa for Romania? No, Romania's open-door policy welcomes citizens of the United States, Canada, and Japan without the need for an initial visa, allowing for short stays of up to 90 days within a 180-day period.
This grace period sets the stage for exploring business opportunities, but those planning an extended stay must transition to the next crucial step: getting a Residence Permit as US citizen, as Canadian citizen or as Japanese citizen in Romania.
The Residence Permit: Gateway to Long-Term Stay
The Residence Permit acts as the linchpin for entrepreneurs seeking an extended presence in Romania.
US, Canadian or Japanese freelancers have the option to incorporate a Romanian company and apply for a Romanian residency for commercial/ business activities. To obtain a Temporary Residence Card in Romania, there are certain requirements that American, Canadian, and Japanese citizens must fulfill. These requirements typically include proof of purpose for staying in the country, i.e., company incorporation documents. Additionally, applicants need to provide proof of accommodation (rental contract), health insurance coverage etc.
The Application Process: Timing is Key
Timing plays an important role in the Residence Permit application process. Entrepreneurs are strongly advised to initiate the application well in advance, but in any case, at least 30 days before the expiration of their initial right to stay. This proactive approach ensures a smooth transition and provides a buffer for any unforeseen challenges that may arise during the approval process.
Strategic Business Planning: Integrating Business Goals with Residence Permit/Visa Application
Entrepreneurs should strategically align their business plans with the Residence Permit application. This involves not only considering the legal requirements for the Romanian residency but also incorporating their business goals and objectives into the relocation process.
A cohesive strategy ensures that both the business establishment and Residence Permit processes complement each other seamlessly. For instance, the Romanian company should be used for business purposes, in order to renew and maintain Romanian residency.
Comprehensive Legal Compliance: Ensuring Regulatory Adherence for Business and Residence
Obtaining a Residence Permit inherently requires adhering to a set of legal requirements. Entrepreneurs must extend this compliance to their business operations, ensuring that their company operates within the bounds of Romanian regulations. This comprehensive legal adherence not only facilitates a successful Residence Permit application but also lays a solid foundation for the business's long-term sustainability in Romania.
In conclusion, successfully navigating the process of obtaining a Romanian Residence Permit and establishing a business in Romania demands a comprehensive understanding of both immigration and business laws. Entrepreneurs from the United States, Canada, and Japan are strongly advised to collaborate with legal professionals specialized in Romanian immigration and business laws. Such lawyers bring invaluable knowledge, ensuring accurate advice, proactive compliance, meticulous document preparation, and adept navigation of challenges that may arise during the application or business setup processes.
For any immigration issues in Bucharest or in Romania, you can book a consulting session right now by clicking here.
Founder Attorney at Law Andreea Rainer - Law Office - Bucharest Bar
LL.M. Business Law - Faculty of Law University of Bucharest
University Paris I Panthéon – Sorbonne - French-Romanian Law College
Faculty of Law - University of Bucharest
INPPA
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E-mail: avocat@andreearainerlaw.ro
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