Update: Even though Romania was a communist state, it was never part of the Soviet Union (USSR), but they were still strongly influenced by their politics. Sorry for the mistake in the video.
they actually robbed us USSR the treaty signed in 1944 with all romania's national treasury ..apparently it was supposed to save us from Hitlers plundering but instead USSR did it to us to this day only 18 wagons out of 40 ever returned...we will never see that again
I'm a US expat living in Romania and definitely would recommend it on the QOL side- a lot of English speakers, affordable, great food & wine, fastest & cheapest internet in Europe in my experience
Well hopefully it doesn’t end up invaded by entitled foreigners who start bitching about the 100% white Romanian population 🙄 Decades ago, when I left, people didn’t put up with any nonsense like that, but this western mass insanity tends to spread 🤷♀️
in Top 5 in the world (fastest and cheapest internet) , some years ago was even no.2 , after South Korea , but that mean Romania was no.1 in Europe... even now , is not a problem regarding acces to internet , especially for download content ,video files or documents ... just some seconds or some minutes depend on how long is that file (video)
@White Wolf! Poland and East Germany were puppet states of the Soviet Union. Romania, Hungary, Bulgaria, Albania, Yugoslavia, and Czechoslovakia had a communist government that weren’t related to the Soviet Union.
Hmm as a romanian I can make a rating on moving to Romania by a scale from 1 to 10 1. People friendliness - 8 ( people are usually warm and welcoming ) 2. Climate - 7 ( very cold in winter - very hot in summers, I gave it 7 because at least you can have a hot summer on the beach ) 3. Prices - 9 ( Prices from food to services and rents are really low compared to rest of Europe, probably only Moldova, Bulgaria and Ukraine have lower prices ) 4. Salary - 4 ( If you work in the IT sector your salary is tax exempted 10% - so salaries in the IT sector are pretty good, not comparing with Western Europe but taking into account that prices here are low I believe it is worth it ) 5. Foreign language 8 - ( almost every young person speaks english, also lots of people undrstand or speak few words in other latin languages ) 6. Corruption - 6 ( It is still a bit high but not as it used to be, on the corruption level Romania has lower corruption than the other neighbours in the balkans and carpathians ) 7. Business - 7 ( The economy is booming, Romania has a fairly large population and also a high skilled population, there are incentives from the government if you want to do business, the only poor thing is that there is too much bureaucracy and also corruption at the high levels of government ) 8. Food - 7 ( Food is very good, a lot of foreigners love romanian cuisine, the problem with it is that is very high in fats and carbs, so you have to go to the gym and work out, you can also find in the big cities italian, french, greek, turkish cuisine, also the large fast-food chains ) 9. Universities - 7 ( You have pretty good universities in Romania, there are lots of foreign student here, even from Western Europe ) 10. Night Life - 9 ( Night Life is awsome in the big cities, great music, beautiful people, great night-clubs, festivals, concerts, alcohol is cheap, etc) 11. Infrastructure - 5 ( The infrastructure is bad, but you have all kinds of transportation ) 12. Wildlife & Nature - 10 ( From the Carpathian Mountains to the Danube Delta you can find all sorts of wild animals and birds that you can not find in the rest of Europe, also the countryside is not poluted, you can still find houses made from wood, domestic animals, forrests, clean mountain rivers, etc ) For foreign pensioners/ people who are retired it can be a very good option, prices are low, security is good, medical system is not very good but it's ok, also very good doctors. For tourists it would be an oportunity to visit and see something different. For entrepreneurs it can be very good if they have the patience to withstand the bureaucracy and to deal with corruption at higher levels. For students they have good universities and the night life is super. For foreign employees, maybe those who come from third world countries it can be good, but for westerners only in the IT sector...
Your comments are very well structured and factual. I totally agree with them with a couple of exceptions being the weather and the wood houses. While it may be hot in Romania (85 F) in the summer, it is NOT humid as in the SE USA. Second, most houses in the USA are made of wood and drywall (suspect mostly due to insulation properties and cost).
Thanks a lot cpz. How is the intermet, is broadband/fiber (wired) internet common even in the countryside? Is it generally fast across Romania? Thanks!
@@djenzo240gamer6 the internet and phone services are the best in Europe and extremely cheap, for example, you can get 30 gb of data and unlimited minutes and sms for 5 euro per month.
I've been traveling to Romania since 2005. Definitely one of my most favorite countries in Europe. I hope to retire there one day. Most likely in the Transylvanian region. My favorite city is Brasov, but I do like Sibiu as well. I love Romania!
I'm English and have been in Romania for 5 years now and its home and not planning on going anywhere. Glad you corrected the USSR comment as that was one of things Ceausescu refused to do, was join the Soviet Union. Has its ups and downs like anywhere in the world, but for me great people, beautiful country and a good hub to run a micro business, excellent pool of IT and engineers here all world class. Having driven through Ukraine, Bulgaria, Serbia and many other places in the East and Central Europe, I have no issues with Romania's roads. Most are actually pretty good, the only problem being in some areas, single lanes instead of two. I recently drove North South in Bulgaria to get to Turkey and some of the roads in Bulgaria were not the best! Corruption unfortunately still has a knock on effect down to the people with regard to provision of services at a municipal level, given the position of 'primar' or mayor in the municipalities has a lot of power and much gets filtered at that level. If your village in a municipality does not vote a certain way for example, you might find the promised gas line to the area does not eventuate or the roads are left unattended. So its not rampant but very much still around and certainly does have an effect that filters down. As for cold winters, they are not too bad and I love the cold and snow when we still get it, very rare now in Bucuresti. Despite all that, I love it, love my friends and family here and support the country 100%.
we are british pensioner who willing to move to romania . Please tell us how to get long term visa . They give 90days after that can we apply for the longer visa . Please if you can give us more advice
We are British please tell me how to settle there. We want to come asap. But according to a lawyer we have to exit during the six month and have to back again before provide one year visa.
I know I'm just 16, but I'm really considering to move to Romania when I'll be older, I already live in Switzerland but my mom was born in Romania, it's such a really nice country even if many Romanians don't like it, they don't understand that in the last 20 years it just escaped from poverty and they should give a shance to a country like Romania, I really love it 😍
Escaped poverty?? You seriously need to stop telling anyone how it is like in Romania. That statement alone says enough about how well you know this disaster of a country.
Go see Romania, you will not be sorry, start with Cluj-Napoca a very busy, clean, safe city. With a lot of young International students. Then visit Brasov, it's a stunning city, Maramures is a traditional part of Romania and has to be seen, good luck from Ireland 🇮🇪
Yes, Romania is Romance language speaking but Orthodox Christian while Poland is Slavic speaking but Catholic. So kinda opposite. Just an interesting observation:)
I happen to know quite about both Romanians and Poles. There's nothing so called "opposite" between them.Yes they are different in terms of language and religious sect. But that's it. Both are countries that are Christian with conservative European values.
@@cornelpod2068 but it s a historical difference between branches of christianity For us that thing matters. We are not the US;we are not multicultural So reducing things to "both are christians" doesn t do justice to OUR reality. And you mean socially conservative,and even then we are not as socially conservative as you think.Because economically speaking,we are not as capitalists as we should be
@@alex.profi27 im romanian and polish and grew up with both cultures from both sides of my family. I would say the polish family is more strict when it comes to religion and family dinners etc... the romanian family has very strong family values to though in which they are similar. Also both are hardworking and enjoy drinking
Romanian isn't entirely a romance language just like recent studies show that romanian isn't a decendant of latin language it was a sister language more or less ..you can find alot of Slavic in romanian alot of it ..and another point no other tribe or nation who was ever conquered lost its roots 💯 👌 so what makes 🤷 🤔 ppl think that Rome who only conquered 33% of the Dacian empire 🤔 😉 is responsible 100% for our language..get some facts people 💯 😤 its impossible 💯 we aren't a derived language of Latin we are a sister language of Latin therefore not our entire culture is Latin ..fact you can't conquer 33% of a nation and 300 years later the 77% rest who never been touched forget everything and magically speak another language and have different customs and a total different culture..no other nation or tribe ever in books got eradicated so what makes romanians think 🤔 we did kinda shameful a bit to think no how can we be so blind to facts and lower us just because Rome and Romania it sounds similar 😉 lol 😆 😂
Rome conquered all of Egypt today and many many more yet none of them are Latin languages how 🤔 😳 is that possible 😳 🤔 none of them forgot their roots or customs and none got extinguished as we did Dacians (Romania before) ..they conquered 33% of us and we magically forgot everything and Egypt lost its mass total length and yet its stands and it has nothing to do with Latin....if its like that we should also be Turkish no the ottoman empire conquered us for far longer than the roman empire did yet we have nothing to do with turks no offense 😉 ..as for the romance part there's no such thing in Transylvania or Moldova the only parts Rome conquered was what we all know as wallachia they never went further than that ..hence why Transylvania is mostly Slavic....btw
In Romania it's heaven for tax, also the prices are low and the Romanian natives, the locals do speak a lot of languages. Everything is already reported to Euro, and the services (including the food) are great. Not just English which is like 2nd language, but also German, Italian, Spanish or even some French. This country has sea and mountains, absolutely great.
@@pumpxray unde este 10%? Am fluturasul de salariu in telefon si pot sa ti confirm ca 42% din venitul meu se duce catreb guvern. Nu ca m as plange,dar macar de s ar folosi banii aia :))
@@alex.profi27 10% este doar impozitul pe profit, restul este pentru pensia ta si sanatatea ta. Daca nu le folosesti nu inseamna ca nu sunt pentru tine.
@@OffshoreCitizen I’m 60 and the quality of medical services in any country is very important for me. My dream is to live in France 🇫🇷 but I’m worried about their high taxes. Though a friend of mine told me that holders of the French D visa ( long stay visa ) don’t pay taxes even if they stay more than 183 days. I’ll be honest with you I haven’t researched yet. For me if one wants to live in Europe then , the best solution to avoid high taxes is the Golden Visa from Portugal and residency in Dubai. I’m planning to buy a house in Dubai . So for me , the only 3 countries are UAE , France and Portugal .
regarding the "colder culture": we are latin people, so we're not cold. But we have been a communist country for half a century and this has instilled a certain rigidity in us (this is particularly noticeable in elderly people since it's, obviously, harder for old people to adapt and change than it is for youngsters). The youth is way warmer, though, so I don't think you're fully accurate in the assumption that we are a colder culture. And if you still think that we are, then it probably has to do with the fact that - despite the first impression - deep down inside of us we consider ourselves a nation that's older and more evolved than most nations on Earth. Which is true! There have been numerous evidences (just don't ask me to provide them to you because I'm not in mood for searching) that showed that a good majority of the Latin-speaking nations on the planet originate on these lands, including with some indonesians, some south african tribes, and a few others that I don't remember at the moment (the catalunyans also originate in these parts if I believe). Besides, before the coup d'etat in 1989 when Ceausescu had paid the last external debt of this country (in March 1989 I believe) and had thus obtained financial freedom for this country, we have become the 1st (or is it the only??? I don't remember) nation on Earth to be financially independent from the global financial mafia, and this had obviously displeased those parasites that live off other people's riches and incomes and that's when they've decided to do something about it, and detoured our communist president Nicolae Ceausescu from acting in the interest of the country, followed by the coup d'etat in December 1989 and the abolishment of communism, in which (in the coup I mean) the now defunct USSR and the Hungarian espionage have played a big role, but americans have dipped their tails in this, too. But before the coup Romania have been one of the most economically, morally, socially and [insert whatever positive you want in here] nations on Earth and - like I said - this has not boded well with the global mafia and the western europe who were seeing a serious competition in us. So yeah, we, Romanians, have a history of being someone, and that's only in recent years (the last few centuries or so). There is also a history of great people ruling these lands even farther in history, that very few sources mention, but I digress.... The point is that, if despite of our latin origins, we still seem like a cold culture to you then that's because we generally, don't like every single Tom and John coming on our lands with the typical american arrogance and tell us that having gays and transgenders is OK, or that we are not tolerant towards god-knows what other abomination or mentally ill sub-human specimen. Even though we have taken massive hits in our national mentality and souls after the 1989 coup and we have continuously been manipulated and programmed to give up our strong moral values for 20 years, we have still maintained our identity, and part of this identity has to do with us not being tolerant with wrong-doers. We are not racist, not in the sense that the global mafia attributes to the word "racism", but we are also not tolerant of all scumbags on Earth. If - as a foreigner - you come to Romania (or go to any other country, really) and wish to live here YOU are expected to adapt to our beliefs (or at least not shit on them), not the other way around, which seems to be the misunderstanding for most foreigners in general, and for americans and brits in particular. Probably that's why you feel that we are a cold culture. But sometimes first impressions are wrong, especially with Romanians. We are one of the most culturally intriguing and complex nations on Earth, and staying among us for a few years will allow you to see beyond the veil of appearances, deeper into our souls and national identity
I've been living here in Romania since September and can't agree more with you!! Is it a perfect country? Of course not, no country is. But for me it's a really nice place to be and full of wonderful people and places. Salutare prietenul meu!
Wow... You explained so well...I speak Romanian and English but I could never express my thoughts(my thought being in exact alignment with yours) into writing like this so well...Nota 10.
Well, you explained our struggle very well my friend. Many judge Ceausescu as a bad ruler, because most products were exported to gather money to pay debts. But nobody is thinking about what we had: a highly industrialized country, a money-making machine. If Ceausescu would have lived longer, we could have been like China, before them! Ceausescu made a deal to explore Kuwait's oil, process it, and sell it in Europe. I think this was Ceausescu's biggest mistake, as that was the big boy's league. Yes, we had it a bit hard during Ceausescu's rule, but it was construction time. We were constructing a big nation. I bet the Chinese weren't happy when they made the Great Wall, or the Egyptians when they made the great pyramids. The worst thing is that when we were almost there, he was killed, and everything we constructed was stolen and destroyed. The Kuwait contract fell, and we got to have the "freedom" to be poor. Was as if the Chinese destroyed the Great Wall after they finished it. We were that close to become the top richest country in Europe. As for our great ancient history, it has been actively suppressed, but lately, decisive proof arrived. It will be some years until the real history will have to emerge. And there is a lot more digging to be made on ancient places. We are Dacians. After 250 generations, a DNA study has assessed that we still have 75% real Dacian blood and less than 4% Roman blood. The rest is other nations. But hey, this is thinker material... common folks don't care about all this and just enjoy life in this beautiful place! Romania's economy is exploding and our country is becoming more modern by the day. We are fun people, nobody enjoys parties as we do, and our culture and tradition are magical. Yet we are conservators in family values matter and we don't really like the whole new western gay, woke, LGBT, and all that shit culture. We are not animals. We consider that as being degrading, not progressist. A step back in our evolution. You can see the results of those politics in your society already... Please don't try to bring that to us. We are tolerant, but we don't approve.
@bla bla @cosmin oprea Sa stiti ca daca traduceti in engleza comunismele voastre imputite,nu inseamna ce ce spuneti este adevarat. Sunteti niste forme slugi ale comunistilor care ati opresat poporul roman peste 40 de ani. Trebuia sa muriti impreuna cu Impuscatu. Nu meritati democrație,libertate si capitalism.
You are mostly right, bla bla and Cosmin Oprea, but there are the Western leaders gang and their interests to blame for all the sh*t you mentioned and not the normal Western people, who are actually honest and civilised people as we can see from many of their videos here on UA-cam, I like them and I'd say it is our interest to learn from them (not the LGBT or similar "western values" dirt, of course, but those are mainly promoted by their leaders). Just like in Romania, peolpe are ok, but the leaders stink being nothing else than Soros and NWO's puppets.
within the first minute of watching this i knew it would be informative and helpful. im a student looking to potentially move to romania for school and later work. this video is great. thank you, sir.
I'm working with a firm in Bucharest to reinstate my Romanian citizenship, my grandmother and grandfather were from Romania and we are collecting the paperwork to submit. If it doesnt work I may be giving you a call. It is a slow process. But the US is just as slow as Romania to produce and certify documents!
@@septimiufly5134 nu este deloc cum spui tu,eu locuiesc in austria si crede-mă este mai mare birocrație aici decât in România ,deci nu mai vorbiți fara sa fiți umblați prin lumea asta,si la noi totul este computerizat dar ori ce stat are si hartia propriu-zisă o arhiva asa ca taci din gură nu mai vorbi prostii.
@@iulykenoby6058 100% Si in Canada la fel. Romanii habar nu au ce vorbesc de multe ori si nu appreciaza nimic crezand ca in afara este cum orice asa de bine incat toti traiesc la mod lejer fara sa ridice manuta
It is in the country's name : ROMA - nia :), in latin language we spell Roma as Rome, the capitale of Italy. Indeed 85% of lexical words is derivate from latin languages, 10% slavic, and 5% a mix of persian, turk, etc.
Stfu. It is NOT ROMA-nia. Is ROMÂ-nia. Romania is just English pronunciation. Spanish is RUMAnia. No, is not from Rome. Stfu. Is coming from old word rumân. Ignorant.
We loved Romania and this is one of the places on our list of countries to move to in a couple of years. We really loved the beauty and vibe in Burcharest and met some really great people and had some amazing meals.
@Popa Dumitru It's a lost cause. The institutions are corrupt, and now it's normal and expected to believe men can become women. It's a sinking ship im afraid.
As a Romanian, I can tell you that Hungary has way better infrastructure and public transport. In Romania you'd better own a car if you live in a big city and don't live near your workplace or work from home, but in that case prepare to spend a big chunk of you free time stuck in traffic.
Hungary has better infrastructure because it belongs to AUSTRIA. Guy, read the pages of history. Many times I’ve seen recently Austrian licence plate vehicles building roads with GMBH at the end of company name. Who knows why?
Thanks for another thought provoking video Michael. Loved the comparisons with Bulgaria for entrepreneurs. I wonder how retirees would find them? Until recently Romania was my no 1 destination for my little start-up plan. Though I've only briefly drove through it over a decade ago Romania left me with a feeling of excitement. Mountain biking and paragliding opportunities - man back then many of the rocks hadn't been graded and listed in the climbing books... I saw it as an outdoor adventure addict's mecca - and they have ridiculously good wine. For that I would endure that winter! Romania has a wide list of countries with double tax treaties and I hear are quite pro-business. The tax advantages for business are great and my experiences with Romanians have been great - hey they're much warmer and more fun than the nth Germans... And Romania may be the next country to join the Schengen zone which would be a huge plus. i can put up with slow bouncy roads but having to bribe the border cops each time I bring materials into or send my products out would be a challenge - though I've heard it's supposed to be better now. I know a guy who used to smuggle Harley Davidson parts to the west under tons of scrap steel in his truck and with a bribe or two cause during WW2 the US gave the Russians thousands of Harleys and the eastern gangs only liked Russian bikes... I hear the visa process is ok but the path to citizenship isn't realistic as one may have to give up any other passports...
Romania met all the condition. Romania should joined Schengen long time ago, but because of Holland Mafia … because They now we have Constanta port - Black Sea, it is a big economic interes. 😉
Just a small update regarding company taxes. Starting 1st of January 2023 our government changed a little bit how / which percentage must be applied and in which conditions: Please correct me if I'm wrong I'm a Romanian citizen and I own a small company here ( I believe that rules are the same no matter which nationality you have ). Please accept my apologies if, by mistake, I will write something wrong since I'm not an accountant. 1. Dividends percentage went up from 5% to 8% 2. If you want to pay 1% of total sales no matter how much expenses you have ( you need to have at least 1 full time employee with minimum salary which before taxes will be around ±600 EURO ) For ex: On last quarter you invoiced 1 client or 10 clients it doesn't matter 10.000Euro => On this you should pay 1% => 100E in taxes + Your employee salary and taxes 600Euro * 3 = 1800 Euro. + 50-100E / monthly to an accountant. Now your company will remain with around 7800E BUT In order to take those money from company account to your personal account you will have to pay 8%. So let's imagine that you want to withdraw 5000E from company account to personal account => 8% of that amount = 400Euro Dividends taxes. We're almost finished, I promise. According to our local law if total amount withdrawn / transferred from company account to personal account is over ± 7200 Euro you will have to pay an extra 10% of 12 salaries (before taxes) which is around an extra ±720EURO / year. 3. In case that you won't have any employees you''ll have to pay 16% from your profits instead of 3% ( and this is a new change ) Keeping same amount from point 2, total sales ( invoiced ) on a quarter => 10.000Euro - 3000Euro company expenses => 7000Euro profit from which you'll have to pay 16% taxes => 1120Euro in taxes + accountant services in company account you should remain with ±5500Euro. Regarding transfer money from company account to personal account is exactly same calculations from point 2 nothing different You need also to take into consideration the cost of "hosting" the company on a registered address. Usually accountants are offering such services which will add an extra cost somewhere between 200-500E / year * VAT Situation => quite interesting topic actually. I highly RECOMMEND you to talk with a registered accountant because it's a longer topic and depending of the type of your activity your company must be created as a VAT Payer or not. Again for local accountants please corect me if I'm wrong here so we can provide accurate informations to other peoples.
There aren’t 0 degrees Celsius during Winters. We have 15-20 degrees Celsius in Winter. So, warm winters. There might be lower temperatures at 2000 metters in the mountains during winters. But that’s all.
I made my American husband move to Romania (Cluj) 3 years ago, and he now doesn't want to leave it anymore, LOL He's decided to live here forever. I have to disagree with you on some level. I'm a journalist and focus on investigation journalism. Corruption is still massively spread and affects citizens in their day-to-day lives, even though they might not notice it. It's worse than ever, and I'll give you one example. We've dealt with massive hospital fires in the past 2 years. Many people have lost their lives. The reason? Corruption. The money meant for the renovation of the electrical infrastructure have been pocketed. And there's much more.
@@TheRecklessMetalhead at this point we have a deficit on all work levels in Romania. so no. you can find good paying jobs if you have a certification anything from mechanic to welder to construction, etc.
You spoke very nice, and show some amazing pictures from Romania. Romania is still on a low market from tourism expenses, food and accomodation are having a decent price i would say, is definetly not lowest as it would happen to be in brazil or pakistan or some other country which gets prices lower. But what i like about co-nationals is that most of them wants to be a host that gives you the best attention, most people take in serious what they offer, some really invest into improving them accomodation, or having different activities and offering visitors the experience of being one of us. Romania is growing as economy, and is the best time for anyone to actually invest in Romania, Romania PIB rise 3 times since when it entry Europe( more than 15 years ago), there is still a push for rising each of us as individuals our financial state, most growing piece is constructions, there are lot's of buildings builded, there is still investments in repairing and restoring old buildings, people work a lot for themself and that's something communism made us to learn. Romanians have a grand view, since fall of communism many factories got destroyed and sell on pieces and most what state own from public human labour and state money fall in all kind of thiefs hands, citizens which then sell entierly companies with it's tehnology to scrape metals price towards outside people which come to buy through a romanian citizen. Romanians are split in 2 directions, they somehow still emphatize with communism even if there were lot's of individual social problems which made it fall, i think what they mark as impresive and good about communism is the fact they were use to build industrial storey buildings, cars/trucks/military equipment/clothes/furniture/everything was possible was likely back then produced and you could have acces to someone knowing to do all kind of stuffs you would need and Romanian were also taking engines from western countries and building airplanes and all kind of technology which was pretty big at that time, people had a general intrest to be friend with Romanians and our friendship and culture worth more in some other eyes. If we look at the present Romanians aren't that much political looking to win, they know that the state ain't do much and can't count on state to do stuffs for them( 5 mil. romanians already work on them own in some other countries and know that they have to earn what others been given much more easier by the state ), they try to make changes into political even if they would work abroad, but every time there is someone to take responsability and say that he/she/they will do it, and then it just happens a back stab from political parties and most of what we need or want isn't made( there is a high absence on vote, due to low trust). Currently there is a political party which use to be on the right hand politics and now it's ally with them enemies, i am not going to talk lot's about it, as i don't feel like that's kind of a point of intrest to others. Romanians are still in seek to build and repair the economy, there is a lot of people which are very smart and it doesn't even requires to be Romanian, people from different countries across Europe realise that Romania has potential and invest a lot in it across the years it been part of Europe Union, being in the middle point where you could communicate easy in commerce with Asian countries, to African countries, Eastern Europe. Unlikely other countries, there is a lot of space there can be build a business, people have better and better infrastructure under development and in development, outsiders are having lot's of connections with our Country, having 5 mil romanians++ across world in different countries actually comes up to make Romania much more close to having experienced workers with access to language connections and opportunities, people befriend across multiple countries and bound connections and friendship and i think this is the step where we can start to see more companies and people to invest in Romania, students are having nice experiences here and people come to study in Romania from outside. Romania has lot's of stuffs it could invest ,but there is always a need for some iron patriotic hand to actually run the country in best ways and not against society, this wouldn't be hard to find, but rather hard to get the right man up there you could trust in politics to change everything to a much more positive note, without to change it's minds. Ceausescu, the hated dictatorship use to walk to school without shoes and had part of a poor education with not much food and great conditions, but it's love to develop Romania was in the end the pro side of his personality, sure romanians and lot's of people will not forget negative sides of his personality and how everything run at one point to extremes against Romanian citizens. But from my point of view Romanians had a lot to win, even when they run by oppresion of it's communist ideology which he been inspired from Asian countries such as Korea and China. Nowadays most of politicians/presidents/political parties ain't understand anymore what means to represent and work in the favour of your country, there are many politicians which are working more for them own benefits and individual gains. Selfishness across political parties made us most of time at the hand of some greedy people. Is hard to come up and get something good. If we would have another leader and political organization to actually fully represent romanians needs, we could see a lot of changes on a good amount of problems which needs to be fix in nowadays democracy of Romania. Romania has a lot of potential it should invest in education and reducing taxes, corelated with investments in making all state buildings and companies having a real point where they actually bring economies and resources to the state. Right now there are still a lot of problems, from buildings not proper use or neither maintained accordingly, from jobs and experts and researches which ain't anymore consuming resources to actually have a proper impact over state company technologies, experts which we in time tend to lose by age or the fact they adapt to other countries which invest in researching. Romania use to had lot's of researchers and there was tehnology developed in Romania for state companies manufacturing, there were even products for nuclear powerplants and rare minerals and lot's of stuffs made and which been use back then. Companies just need proper politics in Romania, there is a lot of space for a start to where Romanians want to be, and i would personally love to think that every outsider would actually have great points and advantages to even consider in moving in Romania. People of here are at no point anymore intrested to develop our country by ourself, i think that we more and more accept that what we can't do from financial sides, there is a stranger which could actually make it happen and change something. Thinking like America been build from citizens which move there and is part of many countries, as U.S.A has citizens across whole worldwide. I feel like Romania starts to become a country which as potential to be colonized by industry, is not yet by outsiders as it isn't as attractive over payment and job offerts. There are also people which make economies and start to build companies and businesses, everything sets up after a while.
3:33 Indeed, Bucharest is bigger and a pretty cool and vibrant city but the traffic is way more horrendous compared to Sofia, which in that aspect has improved quite a lot during the last decade. Geographically, Sofia has, imo, a favourable and diverse geographical location being close to Plovdiv (1.5h), Burgas (4h highway), Bansko 2h (ski), Serbia, North Macedonia, Thessaloniki (4h) and Istanbul (8h). On the other hand, Bucharest has much more air connections to the rest of the world especially to warm winter destinations and a very good domestic coverage with the rest of the country.
Lima Zulu, the favourable and diverse geographical location is (highly) debatable. What’s good for you is not the same for others. Bucharest is 1.5 h away from the nightlife/beaches of Mamaia resort ( on the Black Sea ) and similar time is spent until Transfăgărășan highway or the ski slopes of Prahova Valley. The population of Bucharest is bigger than the pop. of Paris ( without metropolitan areas ) so yes, traffic is an issue like in all big cities. ( in this material Sofia being called a big town not for the lack of traffic…)
I have a question about Defi/decentralised exchanges etc... I remember previously during times of FOMO or general crypto panic, exchanges ground to a halt or as many are built on Amazon's AWS cloud infrastructure - how can they truly be decentralised?
As a Romanian living in Bulgaria for 4 years now I can compare the 2 countries even though I'll obviously be biased. I'm going to try and keep it at facts. 1. Maybe it's harder to get residency as non-EU in Romania but for sure it's very hard to get citizenship as non-EU in Bulgaria. It will probably take you 10 years just to apply and if you're not married to a Bulgarian you will need to give up you non-EU citizenship. 2. The language and alphabet are problematic. For me as a speaker of a Latin language, like you correctly said Romanian is, there's a certain difficulty to get used to a Slavic language and the Cyrillic alphabet. Have you ever had to fill out a form and realized you can't even write ? It's not a pleasant feeling. 3. Taxes are low in both countries but as far as taxes on salary go they tend to be even lower in Bulgaria so you'll get a bigger salary. You'll also get less benefits when you're on medical and so on. 4. Roads and infrastructure are bad in both countries. That being said Bulgarian infrastructure is just horrible sometimes with things that seem to not have been touch since the 90s. 5. Tourism is better in Bulgaria , distances are shorter and conditions and prices are good though prices seem to have gone up quite a bit so it's not a cheap destination unlike some places in Ukraine for instance. 6. Outside of Sofia there's little economic and social activity compared to places like Cluj in Romania. There's Plovdiv but it's nowhere near Cluj or Timisoara. That doesn't leave you with many choices if you want to live in a smaller town. 7. Bucharest is much busier than Sofia and the traffic is just way worse.
@@OffshoreCitizen I just got offered a great paying job on LinkedIn and decided to try. My initial idea was to move to Germany or The Netherlands but there was not much interest from there at the time. I then met my wife here but she's Ukrainian. All in all I enjoyed the experience but I plan on going back to Romania. It will also be easier for my wife to get an EU citizenship there ( Romanian ). The differences are too small between Romania and Bulgaria and for me the language is tough to master. In Romania I'll probably either use my company and pay 3% + 5% dividends or open a PFA ( persoana fizica autorizata ) which is similar to what you described in the video for Bulgaria and also has low taxes ( up to a limit though ).
you are right,i love bulgaria sea side .we have better music festivals while you got better hotels better prices and better services,only that they steal cars on bulgarian beach side :))
Romania has never been a soviet country. It was communist but never a part of USSR. As a matter of fact the Russian speaking population… well.. it does not exist. Also, with regards to population Bg is 6.92 Serbia si 6.9 and Hungary is 9.75. Romanias population now is around 18 mil as many left the country and live elsewhere in EU. Other than that pretty decent video
If you intend to set up shop in Romania and stimulate the local economy, sure you are welcome. But if you intend to come here to get major tax breaks for a multinational company that offers shit wages, exploits the workforce and 0 hour contracts with dodgy work arounds for workers rights, then get the hell out.
Radu is an example of vulgar person that we have no shortage unfortunate, left over from the communists , after leaving outside 20 years and repatriation I find difficult to deal with people of cold manners us such ….
@@verite7906 If you don't like people like Radu talking about an uncomfortable reality to you, then you should have stayed there, buddy. Makes me thing that you're one of those 'patronași' exploiting people who have no choice but to work for subsistence wages.
No longer a tax haven in Romania. The govt just passed some big changes reg taxes. The treshold for small companies (1% tax) is now 60k EUR yearly revenue. If you make more than 60k EUR then you need to pay 16% profit tax. Also dividends are taxed at 10% (previously 8%). So, if you are a solopreneur with big margins you end up paying approx 26% in tax.
Hello from România. Thank you for your words ❤❤❤. Romania is the 12 country in Europe ( size). Arrownd Romania is not only Bulgaria ,but Ukraine, Serbia so on. România has the fastest internet in the world. We invented glasses 3d , insulin, so on. It s the haviest administrativ building in the world( palace of parliament) , We where not a soviet union country just comunism after our King Michael 1 was forced to abdicate by russian and they instal in our country comunism. Yes we have 4 seasons. Hello from Bucharest ❤
@@OffshoreCitizen to be honest I have been attracted to Bulgaria for a long time. I just wish it was out of the EU because ultimately nothing good can come out of the corruption at the EU level. They'll twist their arms and force them to comply like all other EU members by threatening to reduce their fundings, etc...still Bulgaria on short to medium term wins my heart!
Ok Le Pain, you can move to 🇹🇷 Turkie, is out of the “corrupt” EU and has really great food but be careful they want to join EU so you not in the clear yet. 🤣🤣
Please, are they enforcing EU Digital ID and vac..cine passports there to enter restaurants, malls .....etc? Are they strict about that? Do they check vacc...ination for foreigners also?
Romania is the land of many ethnic groups, Germans, Russians, Hungarians, Romas, Greeks, Italians, Ukrainians etc. It's pretty multicultural considering is a Eastern European country, and I think the reason is because throughout the centuries everyone was welcomed and not discriminated.
just FYI Romania was never part of the USSR. However, a part of Romania known as Bessarabia on the eastern side was not only invaded but also occupied by the Soviet Union in 1940 and also from 1945 to 1989. The region was annexed to another autonomous region from Ukraine to form a country known as Moldova.
@@OffshoreCitizen Well, I was leaning towards Georgia...I guess just because of how unique and beautiful it is. Recently, however, Russia's aggression towards Ukraine has me thinking twice about that, so I guess I'm not really sure.
Are you referring to the global minimum corporate tax? If so no, that's an international agreement it needs domestic ratification, which might or might not happen, the implementation time is 10 years, and only applies to companies over $750 million so doesn't affect regimes like this.
I found that taxis were cheaper than Uber. My wife is a Romanian citizen and we are moving there once our kids are done with high school. (Edit: as an investor, all I saw when I looked around was opportunity. Next year we begin building our portfolio there.)
@@OffshoreCitizen I see a huge need for affordable housing I've done small developments in the US. I can definitely put that experience to use in Romania. During our last trip I met with a LOT of different people - contractors, priests, doctors, mechanics, waiters, etc. - and everyone said two main things were lacking in Brasov specifically: affordable housing and places to just hang out (other than clubs/cafes). I also see the need for self-storage. There is only 1 facility in Brasov and it has a very long waiting list. Solar is becoming more and more popular too. These are just to name a few opportunities. We are going back in March 2024 for a month to explore these ideas some more. Then I will put together an investment fund for Romania. My wife has a lot of friends from her childhood that also have connections in the local government so cutting through the red tape will be easier than I thought it would be.
I'm curious as to where you pulled these numbers from, you said that you pay 1-3% in corporate taxes, and then about 5% on the personal side, whereas corporate taxes are actually at 16% and you have a 10% income tax. Is there like a loophole for foreign corporations or what am I missing?
for small businesses, it is 1% if you have employees and 3% if you don't from your total income. then it is 16% for medium and big companies from the profits.
I have a amazon fba business, making £200k a year and am a UK resident/citizen. If I register a Romanian company and conduct my business under that company, can I take advantage of the Corp tax rates there, or will I still be liable for UK Corp tax? I have a warehouse used for storage and distribution in the UK.
amazing, everyone complains about their own governments not making key investments (housing, health, education, etc), at the same time, everyone tries to pay less and less taxes not realizing they're part of the problem.
Romania is very crypto friendly. First of all you have access to exchanges that are not available in many parts of US and the taxes total for an amount of 25% which is way better than the 40% in the US. Cool video though.
Yes, but we also have many French words and Slavic. It is quite easy for us to learn Italian, Spanish and French because of the similarities. Our language is one of the closest to Latin. We learn English and French in school.
Sorry, romanian it's the old latin. It's a Vatican researcher who said that in reality things are opposite that the people use to know :romanian is older than Latin. The new genetic research showed that the Etruscans are coming from anatolia where even today 80%of the population are still the same as 3000 years ago. This is because the Turkish coming over the Thracians was not so many to change the genetic base of the place. Romanians as well Thracians living in the carpathian mountains preserved them language better than the Europeans are able to accept.
The rate the United States is going believe me you don’t want to move here! Housing, healthcare, and some places the infrastructure here really sucks. Don’t let anybody fool you and say were the richest country because we are not. I’m not saying it’s a bad country to live in and it could always be worse but it’s not what everybody thinks it is.
Thanks for a more info on Romania Michael. I've had it on my short list since your other videos. I think you said 3% without employees and 1% with. Considered forming a company in Romania but maybe residence in Bulgaria, since it was unclear about the residence situation. But in the last 90 seconds of this upload, you did say a few words on it. Have to go re-watch, you might have said more in your previous videos. And I think you're biggest less is; make some money FIRST, then all this moving around jazz later.
The public education system is only in Romanian (or Hungarian in some areas of Transylvania) and is completely free. But there is also a very well developed private system. You can find kindergartens, schools, high schools and universities in English (many with native English speaking teachers). There are also, but fewer, in French or German. It also depends on how much money you have for children educating.
both private and free public systems are good. Some highscools are better than others and you can get in by having higher grades. The private system can be experience, but it is upscale in most part.
Romania is actually quite safe. People have the wrong idea about eastern Europe based on media. It's actually safer than North America for the most part.
@@OffshoreCitizen I'm not saing that you are wrong. I am romanian but I live in germany, I go in my country only in summer. Police is corrupted, a lot of people became policeman only because it's a good paid job, and if you pay them some extra they won't say no. There was a lot of time when I personally saw how people were fighting and the police was just looking and waiting. That's why I am not very sure about safety in romania, maybe I was at the wrong place at the wrong time but it dind't happened only once.
we are 26th safest country in the whole world! our thieves have left the country a long time ago, they are some other countries' problems right now. so as safety is concerned it is safe for everyone in all aspects!
@@IAM-ce4peHow long since you’ve lived in Romania? No policeman can be bribed nowadays, because they are very well supervised. Believe me, I’ve tried several times. So maybe you come here and see for yourself. What do you say?
Well recently I've seen many black people (so obvious foreigner) in my city doing low skill jobs (like taxi or food delivery services) so for some foreigners it is good.
As a former Romanian who now lives in Perth, Australia I would give you a tip: do not move to Romania for any reason.You would soon regret that decision
@@varnadoreli agree with you.ROMANIA SUCKS BIG TIME.Milliions of romanian run from here and idiots from other country want come thinking is a fairytale or something😂😂😂
Sorry, but Romania is NOT a former Soviet country ! It belonged to the communist-socialist area of Europe, like all the East, and of course, it had to share the same political system, given the historical circumstances we had after WW2. BUT NOT as a former Soviet country or republic. The concept of "soviet" never applied to any country of the former socialist eastern block. "Soviet" was the name of the specific political organization system inside Russia, and only there. Russia was formed by tens of ethnic territories named "republics", Soviet republics. That reality has nothing to do with the independent Eastern countries that once shared the same political doctrine.
Romania is not former soviet country . In the fact , we romanians, we do not have nothing in common with Russia, we do not like Russia, we do not speak russian language . Police do not ask anymore money in Romania . 😉 Get a try , make an experiment and give money to a police officer in Romania , and you will se what it is happing. 😂😉 Study man before and come with facts . 😉 And romanians are far from cold people. If you wanna live with real cold people ,go in Germany , Holland , Scandinavia ( Denmark, Sweden , Norway , Finland ) and you we will the real definition of cold people . 😉
After living in Romania for five years,I’m planning to leave the country and move to Netherlands, Romania is not a good place to live with its low wages, I heard too much sad stories which is hopeless for them if they don’t move out of this land .
There is one thing still reminds me that the scooter in the city center cost 10$ per hour , that’s almost one or two hours of Romanian’s wages , it’s funny to me who is going to use it?
@@tinotino9698 if you are senior engineer you can get between 3000-10.000eur, which that money have a lot more value in Romania than in western europe, for example you can live the same with 1000eur per month in Romania, as with 2500 eur per month in Germany.
ambulances are very good, hospitals so and so, some are terrible, some are new, but it is free. Private medical cover costs about 20-30$ a month (without a need to be hired and such), includes any checks you need.
Too cold??? Well 40 degrees for 5-6 months a year sounds anything but cold to me. It's way too hot, I plan to move to northern Europe just because of the hot weather.
In Winter, there are 15-20 degrees Celsius. You have 0 degrees during Winters only on top of the mountains, at 2000 metters. Winters are warm, believe me
resumee of romania by a romanian: -U have decend money (2000 euro sallary?) - great lifestile -U are born in romania and have a 1000 euro sallary which is a big one here- not good -Romania is a beautiful country -50-50% nice ppl, some are horible some are very nice -Many touristic objectives, beautiful cities especially in Transylvania(Mountains) -Cluj is the the point that once few years ago was second internet speed in eu or the world idk and is a great city and developing on working digitally -Many touristic objectives that we never knew to value -And yes... there are quite many gipssies but mostly are not violent, just begging for money(or go to other countries so all of em classify us as we are all gipssies) -Latin language (Romanian means citizen of rome aparently we were colonised by romans and the last that survived as romans after the empired moved to greece) simillar to italian and a bit spanish
A place where locals purchased their apartments for like 1-3000 usd 20 years ago and now they sell them to foreigners for 2-300000 usd or even more. It’s not stupid who’s asking but who’s paying
You exaggerating ain't nobody buying soviet style apartments in RO for 300k usd..a house maybe but not flats..you can buy in country side a house for less than 80k usd with all amenities ..and we talking new or 2-3 years old house.
that happened 30 years ago, and not for 3000 but for a lot more... we bought our apartments from the gov, but that is different because them being built in the communist era, and we had to pay for them back to live in them, so that was considered as a downpayment.
That just lies or exagerate to be kind... Apartament or house with 300k euro is in big city and in well area. You are so wrong when you say about this houses ever costed 3000 euro... lol. In big and expensive city like Bucharest, Timisoara or Cluj you can easily find 2-3 room apartament with 60-80k euro. Not in central zone of course. For exemple, my brother buy in Timisoara 15 years ago, a 3 rooms apartment with 55k euros. Today the cost for one im same area is 75-85k euro
In Romania you can buy your green pass from a doctor/nurse for around $300. It is such a common thing that there is a nickname for it, "sink vax", because it goes down the sink instead of in you. If you have money, in Romania you will be able to a large degree to buy your freedom, regardless of what they come up with next. If you are independently wealthy or have a location-independent income where you earn foreign $, you can live like a king in Romania.
another Andrew Tate a.....cker, there are charges dumbass, it remains to see if the prosecution can prove those to be true, which i think they won't be able to in my personal opinion or at least not in the manner they would like to
Romania, Italy, France, Spain, and Portugal are the only 5 Romanic languages in the world that are Latin-based languages meaning they all share many similarities in the words, vocabulary, and grammar. Romanian and Italian languages are the closest and most similar to each other in the way they sound. in the Eastern European block, Romania is the only Latin country which many people are surprised to learn as a lot of people assume Romania is a slavic country like the rest of the countries in Eastern Europe which are all Slavic countries, except for Hungary.
Update: Even though Romania was a communist state, it was never part of the Soviet Union (USSR), but they were still strongly influenced by their politics.
Sorry for the mistake in the video.
not as strong as anyother commie eu , we were reconised for our Autonomy
Just wanted to write that. Great that you have made the correction!
they actually robbed us USSR the treaty signed in 1944 with all romania's national treasury ..apparently it was supposed to save us from Hitlers plundering but instead USSR did it to us to this day only 18 wagons out of 40 ever returned...we will never see that again
that was in the past before 1989 but not anymore, Romania is a democratic country since the communist regime was overthrown in 1989.
You bet.. the american base at Deveselu it is like a new avatar of soviet politics.
I'm a US expat living in Romania and definitely would recommend it on the QOL side- a lot of English speakers, affordable, great food & wine, fastest & cheapest internet in Europe in my experience
Thanks for sharing your experience!
Are you in Bucharest?
Well hopefully it doesn’t end up invaded by entitled foreigners who start bitching about the 100% white Romanian population 🙄 Decades ago, when I left, people didn’t put up with any nonsense like that, but this western mass insanity tends to spread 🤷♀️
in Top 5 in the world (fastest and cheapest internet) , some years ago was even no.2 , after South Korea , but that mean Romania was no.1 in Europe... even now , is not a problem regarding acces to internet , especially for download content ,video files or documents ... just some seconds or some minutes depend on how long is that file (video)
So.....you like there because of the cheap internet.....That”s coollll...............
Are there jobs available ?
Romania is NOT a former Soviet country! It was communist, but NOT part of the Soviet Union!
Indeed, typical western mistake!
Typical western mistake. They think everything în the east was USSR
Did you forgot the name of the county you were born?
Paris commune was the only experience with communism in the world
@White Wolf! Poland and East Germany were puppet states of the Soviet Union. Romania, Hungary, Bulgaria, Albania, Yugoslavia, and Czechoslovakia had a communist government that weren’t related to the Soviet Union.
@Cypher Bravo !!! 👏👏👏👏👏
Hmm as a romanian I can make a rating on moving to Romania by a scale from 1 to 10
1. People friendliness - 8 ( people are usually warm and welcoming )
2. Climate - 7 ( very cold in winter - very hot in summers, I gave it 7 because at least you can have a hot summer on the beach )
3. Prices - 9 ( Prices from food to services and rents are really low compared to rest of Europe, probably only Moldova, Bulgaria and Ukraine have lower prices )
4. Salary - 4 ( If you work in the IT sector your salary is tax exempted 10% - so salaries in the IT sector are pretty good, not comparing with Western Europe but taking into account that prices here are low I believe it is worth it )
5. Foreign language 8 - ( almost every young person speaks english, also lots of people undrstand or speak few words in other latin languages )
6. Corruption - 6 ( It is still a bit high but not as it used to be, on the corruption level Romania has lower corruption than the other neighbours in the balkans and carpathians )
7. Business - 7 ( The economy is booming, Romania has a fairly large population and also a high skilled population, there are incentives from the government if you want to do business, the only poor thing is that there is too much bureaucracy and also corruption at the high levels of government )
8. Food - 7 ( Food is very good, a lot of foreigners love romanian cuisine, the problem with it is that is very high in fats and carbs, so you have to go to the gym and work out, you can also find in the big cities italian, french, greek, turkish cuisine, also the large fast-food chains )
9. Universities - 7 ( You have pretty good universities in Romania, there are lots of foreign student here, even from Western Europe )
10. Night Life - 9 ( Night Life is awsome in the big cities, great music, beautiful people, great night-clubs, festivals, concerts, alcohol is cheap, etc)
11. Infrastructure - 5 ( The infrastructure is bad, but you have all kinds of transportation )
12. Wildlife & Nature - 10 ( From the Carpathian Mountains to the Danube Delta you can find all sorts of wild animals and birds that you can not find in the rest of Europe, also the countryside is not poluted, you can still find houses made from wood, domestic animals, forrests, clean mountain rivers, etc )
For foreign pensioners/ people who are retired it can be a very good option, prices are low, security is good, medical system is not very good but it's ok, also very good doctors. For tourists it would be an oportunity to visit and see something different. For entrepreneurs it can be very good if they have the patience to withstand the bureaucracy and to deal with corruption at higher levels. For students they have good universities and the night life is super. For foreign employees, maybe those who come from third world countries it can be good, but for westerners only in the IT sector...
its not about hardly any of that these days
Your comments are very well structured and factual. I totally agree with them with a couple of exceptions being the weather and the wood houses. While it may be hot in Romania (85 F) in the summer, it is NOT humid as in the SE USA. Second, most houses in the USA are made of wood and drywall (suspect mostly due to insulation properties and cost).
Thanks a lot cpz. How is the intermet, is broadband/fiber (wired) internet common even in the countryside? Is it generally fast across Romania?
Thanks!
@@cornelpod2068 not humid is great. Thanks!
@@djenzo240gamer6 the internet and phone services are the best in Europe and extremely cheap, for example, you can get 30 gb of data and unlimited minutes and sms for 5 euro per month.
I've been traveling to Romania since 2005. Definitely one of my most favorite countries in Europe. I hope to retire there one day. Most likely in the Transylvanian region. My favorite city is Brasov, but I do like Sibiu as well. I love Romania!
Happy to hear so!
Brasov is the best
I'm English and have been in Romania for 5 years now and its home and not planning on going anywhere. Glad you corrected the USSR comment as that was one of things Ceausescu refused to do, was join the Soviet Union. Has its ups and downs like anywhere in the world, but for me great people, beautiful country and a good hub to run a micro business, excellent pool of IT and engineers here all world class. Having driven through Ukraine, Bulgaria, Serbia and many other places in the East and Central Europe, I have no issues with Romania's roads. Most are actually pretty good, the only problem being in some areas, single lanes instead of two. I recently drove North South in Bulgaria to get to Turkey and some of the roads in Bulgaria were not the best! Corruption unfortunately still has a knock on effect down to the people with regard to provision of services at a municipal level, given the position of 'primar' or mayor in the municipalities has a lot of power and much gets filtered at that level. If your village in a municipality does not vote a certain way for example, you might find the promised gas line to the area does not eventuate or the roads are left unattended. So its not rampant but very much still around and certainly does have an effect that filters down. As for cold winters, they are not too bad and I love the cold and snow when we still get it, very rare now in Bucuresti. Despite all that, I love it, love my friends and family here and support the country 100%.
as a Romanian, it brings me lots of joy and hope for the future when I see people coming from the "west" and settling down in our country...
we are british pensioner who willing to move to romania . Please tell us how to get long term visa . They give 90days after that can we apply for the longer visa . Please if you can give us more advice
We are British please tell me how to settle there. We want to come asap. But according to a lawyer we have to exit during the six month and have to back again before provide one year visa.
I know I'm just 16, but I'm really considering to move to Romania when I'll be older, I already live in Switzerland but my mom was born in Romania, it's such a really nice country even if many Romanians don't like it, they don't understand that in the last 20 years it just escaped from poverty and they should give a shance to a country like Romania, I really love it 😍
@Romanian presenter not always bro :)
@Romanian presenter Switzerland is also like 100000% more expensive to live in than Romania, so there is that
Escaped poverty?? You seriously need to stop telling anyone how it is like in Romania. That statement alone says enough about how well you know this disaster of a country.
@@komilithon1514 There are many idiots in the world and you are their King.
Go see Romania, you will not be sorry, start with Cluj-Napoca a very busy, clean, safe city. With a lot of young International students. Then visit Brasov, it's a stunning city, Maramures is a traditional part of Romania and has to be seen, good luck from Ireland 🇮🇪
Yes, Romania is Romance language speaking but Orthodox Christian while Poland is Slavic speaking but Catholic. So kinda opposite. Just an interesting observation:)
I happen to know quite about both Romanians and Poles. There's nothing so called "opposite" between them.Yes they are different in terms of language and religious sect. But that's it. Both are countries that are Christian with conservative European values.
@@cornelpod2068 but it s a historical difference between branches of christianity
For us that thing matters. We are not the US;we are not multicultural
So reducing things to "both are christians" doesn t do justice to OUR reality. And you mean socially conservative,and even then we are not as socially conservative as you think.Because economically speaking,we are not as capitalists as we should be
@@alex.profi27 im romanian and polish and grew up with both cultures from both sides of my family. I would say the polish family is more strict when it comes to religion and family dinners etc... the romanian family has very strong family values to though in which they are similar. Also both are hardworking and enjoy drinking
Romanian isn't entirely a romance language just like recent studies show that romanian isn't a decendant of latin language it was a sister language more or less ..you can find alot of Slavic in romanian alot of it ..and another point no other tribe or nation who was ever conquered lost its roots 💯 👌 so what makes 🤷 🤔 ppl think that Rome who only conquered 33% of the Dacian empire 🤔 😉 is responsible 100% for our language..get some facts people 💯 😤 its impossible 💯 we aren't a derived language of Latin we are a sister language of Latin therefore not our entire culture is Latin
..fact you can't conquer 33% of a nation and 300 years later the 77% rest who never been touched forget everything and magically speak another language and have different customs and a total different culture..no other nation or tribe ever in books got eradicated so what makes romanians think 🤔 we did kinda shameful a bit to think no how can we be so blind to facts and lower us just because Rome and Romania it sounds similar 😉 lol 😆 😂
Rome conquered all of Egypt today and many many more yet none of them are Latin languages how 🤔 😳 is that possible 😳 🤔 none of them forgot their roots or customs and none got extinguished as we did Dacians (Romania before) ..they conquered 33% of us and we magically forgot everything and Egypt lost its mass total length and yet its stands and it has nothing to do with Latin....if its like that we should also be Turkish no the ottoman empire conquered us for far longer than the roman empire did yet we have nothing to do with turks no offense 😉 ..as for the romance part there's no such thing in Transylvania or Moldova the only parts Rome conquered was what we all know as wallachia they never went further than that ..hence why Transylvania is mostly Slavic....btw
In Romania it's heaven for tax, also the prices are low and the Romanian natives, the locals do speak a lot of languages. Everything is already reported to Euro, and the services (including the food) are great. Not just English which is like 2nd language, but also German, Italian, Spanish or even some French. This country has sea and mountains, absolutely great.
What are you on. Income tax over 40%
yep, taxes not very good, bulgaria;malta;isle of man, this are tax heavens
@@violetspider_ not true it's 10%
@@pumpxray unde este 10%?
Am fluturasul de salariu in telefon si pot sa ti confirm ca 42% din venitul meu se duce catreb guvern. Nu ca m as plange,dar macar de s ar folosi banii aia :))
@@alex.profi27 10% este doar impozitul pe profit, restul este pentru pensia ta si sanatatea ta. Daca nu le folosesti nu inseamna ca nu sunt pentru tine.
I love the fact that you share with us information about countries we don’t usually see on other UA-camrs videos
Always our pleasure! Any countries you'd like to see information on next?
What do you think about Romania?
@@OffshoreCitizen I’m 60 and the quality of medical services in any country is very important for me.
My dream is to live in France 🇫🇷 but I’m worried about their high taxes. Though a friend of mine told me that holders of the French D visa ( long stay visa ) don’t pay taxes even if they stay more than 183 days. I’ll be honest with you I haven’t researched yet.
For me if one wants to live in Europe then , the best solution to avoid high taxes is the Golden Visa from Portugal and residency in Dubai. I’m planning to buy a house in Dubai .
So for me , the only 3 countries are UAE , France and Portugal .
regarding the "colder culture": we are latin people, so we're not cold. But we have been a communist country for half a century and this has instilled a certain rigidity in us (this is particularly noticeable in elderly people since it's, obviously, harder for old people to adapt and change than it is for youngsters). The youth is way warmer, though, so I don't think you're fully accurate in the assumption that we are a colder culture. And if you still think that we are, then it probably has to do with the fact that - despite the first impression - deep down inside of us we consider ourselves a nation that's older and more evolved than most nations on Earth. Which is true! There have been numerous evidences (just don't ask me to provide them to you because I'm not in mood for searching) that showed that a good majority of the Latin-speaking nations on the planet originate on these lands, including with some indonesians, some south african tribes, and a few others that I don't remember at the moment (the catalunyans also originate in these parts if I believe).
Besides, before the coup d'etat in 1989 when Ceausescu had paid the last external debt of this country (in March 1989 I believe) and had thus obtained financial freedom for this country, we have become the 1st (or is it the only??? I don't remember) nation on Earth to be financially independent from the global financial mafia, and this had obviously displeased those parasites that live off other people's riches and incomes and that's when they've decided to do something about it, and detoured our communist president Nicolae Ceausescu from acting in the interest of the country, followed by the coup d'etat in December 1989 and the abolishment of communism, in which (in the coup I mean) the now defunct USSR and the Hungarian espionage have played a big role, but americans have dipped their tails in this, too. But before the coup Romania have been one of the most economically, morally, socially and [insert whatever positive you want in here] nations on Earth and - like I said - this has not boded well with the global mafia and the western europe who were seeing a serious competition in us.
So yeah, we, Romanians, have a history of being someone, and that's only in recent years (the last few centuries or so). There is also a history of great people ruling these lands even farther in history, that very few sources mention, but I digress.... The point is that, if despite of our latin origins, we still seem like a cold culture to you then that's because we generally, don't like every single Tom and John coming on our lands with the typical american arrogance and tell us that having gays and transgenders is OK, or that we are not tolerant towards god-knows what other abomination or mentally ill sub-human specimen. Even though we have taken massive hits in our national mentality and souls after the 1989 coup and we have continuously been manipulated and programmed to give up our strong moral values for 20 years, we have still maintained our identity, and part of this identity has to do with us not being tolerant with wrong-doers. We are not racist, not in the sense that the global mafia attributes to the word "racism", but we are also not tolerant of all scumbags on Earth. If - as a foreigner - you come to Romania (or go to any other country, really) and wish to live here YOU are expected to adapt to our beliefs (or at least not shit on them), not the other way around, which seems to be the misunderstanding for most foreigners in general, and for americans and brits in particular.
Probably that's why you feel that we are a cold culture. But sometimes first impressions are wrong, especially with Romanians. We are one of the most culturally intriguing and complex nations on Earth, and staying among us for a few years will allow you to see beyond the veil of appearances, deeper into our souls and national identity
I've been living here in Romania since September and can't agree more with you!! Is it a perfect country? Of course not, no country is. But for me it's a really nice place to be and full of wonderful people and places. Salutare prietenul meu!
Wow... You explained so well...I speak Romanian and English but I could never express my thoughts(my thought being in exact alignment with yours) into writing like this so well...Nota 10.
Well, you explained our struggle very well my friend. Many judge Ceausescu as a bad ruler, because most products were exported to gather money to pay debts. But nobody is thinking about what we had: a highly industrialized country, a money-making machine. If Ceausescu would have lived longer, we could have been like China, before them! Ceausescu made a deal to explore Kuwait's oil, process it, and sell it in Europe. I think this was Ceausescu's biggest mistake, as that was the big boy's league. Yes, we had it a bit hard during Ceausescu's rule, but it was construction time. We were constructing a big nation. I bet the Chinese weren't happy when they made the Great Wall, or the Egyptians when they made the great pyramids. The worst thing is that when we were almost there, he was killed, and everything we constructed was stolen and destroyed. The Kuwait contract fell, and we got to have the "freedom" to be poor. Was as if the Chinese destroyed the Great Wall after they finished it. We were that close to become the top richest country in Europe. As for our great ancient history, it has been actively suppressed, but lately, decisive proof arrived. It will be some years until the real history will have to emerge. And there is a lot more digging to be made on ancient places. We are Dacians. After 250 generations, a DNA study has assessed that we still have 75% real Dacian blood and less than 4% Roman blood. The rest is other nations. But hey, this is thinker material... common folks don't care about all this and just enjoy life in this beautiful place! Romania's economy is exploding and our country is becoming more modern by the day. We are fun people, nobody enjoys parties as we do, and our culture and tradition are magical. Yet we are conservators in family values matter and we don't really like the whole new western gay, woke, LGBT, and all that shit culture. We are not animals. We consider that as being degrading, not progressist. A step back in our evolution. You can see the results of those politics in your society already... Please don't try to bring that to us. We are tolerant, but we don't approve.
@bla bla
@cosmin oprea
Sa stiti ca daca traduceti in engleza comunismele voastre imputite,nu inseamna ce ce spuneti este adevarat.
Sunteti niste forme slugi ale comunistilor care ati opresat poporul roman peste 40 de ani. Trebuia sa muriti impreuna cu Impuscatu. Nu meritati democrație,libertate si capitalism.
You are mostly right, bla bla and Cosmin Oprea, but there are the Western leaders gang and their interests to blame for all the sh*t you mentioned and not the normal Western people, who are actually honest and civilised people as we can see from many of their videos here on UA-cam, I like them and I'd say it is our interest to learn from them (not the LGBT or similar "western values" dirt, of course, but those are mainly promoted by their leaders).
Just like in Romania, peolpe are ok, but the leaders stink being nothing else than Soros and NWO's puppets.
Thank you! Always nice to hear good things being said about Romania!
Our pleasure!
Do you live in Romania?
within the first minute of watching this i knew it would be informative and helpful. im a student looking to potentially move to romania for school and later work. this video is great. thank you, sir.
Glad it was helpful!
At some point Romania had the fastest internet in the world, due to the networks structure .
By some metrics yeah
Romania just got 10gbps at $10 / month, fiberoptics. Yes you read that right 10, not 1.
its because the country is low populated ,older people watch tv mostly,its free band ,and we're NATO we need to send information fast!
I'm working with a firm in Bucharest to reinstate my Romanian citizenship, my grandmother and grandfather were from Romania and we are collecting the paperwork to submit. If it doesnt work I may be giving you a call. It is a slow process. But the US is just as slow as Romania to produce and certify documents!
Hello romanian brother!.you must wait !here birocracy is a hell,its not computerized ,they must search for your granpa etc!good luck in the process.
@@septimiufly5134 nu este deloc cum spui tu,eu locuiesc in austria si crede-mă este mai mare birocrație aici decât in România ,deci nu mai vorbiți fara sa fiți umblați prin lumea asta,si la noi totul este computerizat dar ori ce stat are si hartia propriu-zisă o arhiva asa ca taci din gură nu mai vorbi prostii.
@@iulykenoby6058 100% Si in Canada la fel. Romanii habar nu au ce vorbesc de multe ori si nu appreciaza nimic crezand ca in afara este cum orice asa de bine incat toti traiesc la mod lejer fara sa ridice manuta
@@spicydraks Romanii traiesc intr-o bula negativa, unde cred ca Romania e cea mai saraca si slab dezvoltata tara.
is it easy as a forigner to find a job in Romania, i am lookign to move there.
It is in the country's name : ROMA - nia :), in latin language we spell Roma as Rome, the capitale of Italy.
Indeed 85% of lexical words is derivate from latin languages, 10% slavic, and 5% a mix of persian, turk, etc.
Stfu. It is NOT ROMA-nia. Is ROMÂ-nia. Romania is just English pronunciation. Spanish is RUMAnia. No, is not from Rome. Stfu. Is coming from old word rumân. Ignorant.
We loved Romania and this is one of the places on our list of countries to move to in a couple of years. We really loved the beauty and vibe in Burcharest and met some really great people and had some amazing meals.
Very nice video 🙂. I hope I can find a job in Romania someday.
Thank you!
You are looking into moving to Romania? How did you come to that decision?
@@OffshoreCitizen I heard the cost of living is affordable
I can't decide between Romania or Bulgaria.
Sure I think Romanian language would be easier to learn.
stay at home , make America great again!!
@Popa Dumitru It's a lost cause. The institutions are corrupt, and now it's normal and expected to believe men can become women. It's a sinking ship im afraid.
@@popadumitru5785 We europeans have been in America for a couple of hundred years. That`s not our home, Europe is!
Go to Bulgaria. We don't want foreigners here. Stay away.
As a British pensioners we tried to but according to the lawyers we have to exist after 6 month and have to come after get one year visa.
I'd be interested in seeing the comparison between Romania and Hungary. They both seem like decent options, and more going on than in Bulgaria imo.
That's a great idea, thank you!
Which one would you go for?
@@OffshoreCitizen Romania is much more offering in pretty much all respects.
As a Romanian, I can tell you that Hungary has way better infrastructure and public transport. In Romania you'd better own a car if you live in a big city and don't live near your workplace or work from home, but in that case prepare to spend a big chunk of you free time stuck in traffic.
Hungary has better infrastructure because it belongs to AUSTRIA.
Guy, read the pages of history.
Many times I’ve seen recently Austrian licence plate vehicles building roads with GMBH at the end of company name.
Who knows why?
@@vectraro5081 exactly,
My fellow romanians suffer from "house slave" mentality when it comes to hungarians. :))
Thanks for another thought provoking video Michael. Loved the comparisons with Bulgaria for entrepreneurs. I wonder how retirees would find them?
Until recently Romania was my no 1 destination for my little start-up plan. Though I've only briefly drove through it over a decade ago Romania left me with a feeling of excitement. Mountain biking and paragliding opportunities - man back then many of the rocks hadn't been graded and listed in the climbing books...
I saw it as an outdoor adventure addict's mecca - and they have ridiculously good wine. For that I would endure that winter!
Romania has a wide list of countries with double tax treaties and I hear are quite pro-business. The tax advantages for business are great and my experiences with Romanians have been great - hey they're much warmer and more fun than the nth Germans... And Romania may be the next country to join the Schengen zone which would be a huge plus. i can put up with slow bouncy roads but having to bribe the border cops each time I bring materials into or send my products out would be a challenge - though I've heard it's supposed to be better now. I know a guy who used to smuggle Harley Davidson parts to the west under tons of scrap steel in his truck and with a bribe or two cause during WW2 the US gave the Russians thousands of Harleys and the eastern gangs only liked Russian bikes...
I hear the visa process is ok but the path to citizenship isn't realistic as one may have to give up any other passports...
@Greg Greggor Thanks for pointing that out Greg. I'll have to look into it more.
@Greg Greggor Yes you are very much correct.
Romania met all the condition. Romania should joined Schengen long time ago, but because of Holland Mafia … because They now we have Constanta port - Black Sea, it is a big economic interes. 😉
Is there a process to get CBI in Romania? Have a partner there on a project and he loves it.
There's a shady unofficial process, though it takes quite a while and isn't open to everyone
@@OffshoreCitizen I am too old for shady unofficial and long. Just a thought.
Always great info.
Just a small update regarding company taxes. Starting 1st of January 2023 our government changed a little bit how / which percentage must be applied and in which conditions:
Please correct me if I'm wrong
I'm a Romanian citizen and I own a small company here ( I believe that rules are the same no matter which nationality you have ). Please accept my apologies if, by mistake, I will write something wrong since I'm not an accountant.
1. Dividends percentage went up from 5% to 8%
2. If you want to pay 1% of total sales no matter how much expenses you have ( you need to have at least 1 full time employee with minimum salary which before taxes will be around ±600 EURO )
For ex: On last quarter you invoiced 1 client or 10 clients it doesn't matter 10.000Euro => On this you should pay 1% => 100E in taxes + Your employee salary and taxes 600Euro * 3 = 1800 Euro. + 50-100E / monthly to an accountant. Now your company will remain with around 7800E BUT In order to take those money from company account to your personal account you will have to pay 8%.
So let's imagine that you want to withdraw 5000E from company account to personal account => 8% of that amount = 400Euro Dividends taxes.
We're almost finished, I promise. According to our local law if total amount withdrawn / transferred from company account to personal account is over ± 7200 Euro you will have to pay an extra 10% of 12 salaries (before taxes) which is around an extra ±720EURO / year.
3. In case that you won't have any employees you''ll have to pay 16% from your profits instead of 3% ( and this is a new change )
Keeping same amount from point 2, total sales ( invoiced ) on a quarter => 10.000Euro - 3000Euro company expenses => 7000Euro profit from which you'll have to pay 16% taxes => 1120Euro in taxes + accountant services in company account you should remain with ±5500Euro. Regarding transfer money from company account to personal account is exactly same calculations from point 2 nothing different
You need also to take into consideration the cost of "hosting" the company on a registered address. Usually accountants are offering such services which will add an extra cost somewhere between 200-500E / year
* VAT Situation => quite interesting topic actually.
I highly RECOMMEND you to talk with a registered accountant because it's a longer topic and depending of the type of your activity your company must be created as a VAT Payer or not.
Again for local accountants please corect me if I'm wrong here so we can provide accurate informations to other peoples.
I saw something about Spain and recent digital nomad tax changes?
Yes though most people aren't too happy about it
There aren’t 0 degrees Celsius during Winters. We have 15-20 degrees Celsius in Winter. So, warm winters. There might be lower temperatures at 2000 metters in the mountains during winters. But that’s all.
Interesting video
Thank you!
What do you think about Romania?
I made my American husband move to Romania (Cluj) 3 years ago, and he now doesn't want to leave it anymore, LOL He's decided to live here forever. I have to disagree with you on some level. I'm a journalist and focus on investigation journalism. Corruption is still massively spread and affects citizens in their day-to-day lives, even though they might not notice it. It's worse than ever, and I'll give you one example. We've dealt with massive hospital fires in the past 2 years. Many people have lost their lives. The reason? Corruption. The money meant for the renovation of the electrical infrastructure have been pocketed. And there's much more.
What about the labor market in Romania? What's the difficulty of getting a job without a degree/certificate?
@@TheRecklessMetalhead at this point we have a deficit on all work levels in Romania. so no. you can find good paying jobs if you have a certification anything from mechanic to welder to construction, etc.
You spoke very nice, and show some amazing pictures from Romania. Romania is still on a low market from tourism expenses, food and accomodation are having a decent price i would say, is definetly not lowest as it would happen to be in brazil or pakistan or some other country which gets prices lower. But what i like about co-nationals is that most of them wants to be a host that gives you the best attention, most people take in serious what they offer, some really invest into improving them accomodation, or having different activities and offering visitors the experience of being one of us. Romania is growing as economy, and is the best time for anyone to actually invest in Romania, Romania PIB rise 3 times since when it entry Europe( more than 15 years ago), there is still a push for rising each of us as individuals our financial state, most growing piece is constructions, there are lot's of buildings builded, there is still investments in repairing and restoring old buildings, people work a lot for themself and that's something communism made us to learn.
Romanians have a grand view, since fall of communism many factories got destroyed and sell on pieces and most what state own from public human labour and state money fall in all kind of thiefs hands, citizens which then sell entierly companies with it's tehnology to scrape metals price towards outside people which come to buy through a romanian citizen. Romanians are split in 2 directions, they somehow still emphatize with communism even if there were lot's of individual social problems which made it fall, i think what they mark as impresive and good about communism is the fact they were use to build industrial storey buildings, cars/trucks/military equipment/clothes/furniture/everything was possible was likely back then produced and you could have acces to someone knowing to do all kind of stuffs you would need and Romanian were also taking engines from western countries and building airplanes and all kind of technology which was pretty big at that time, people had a general intrest to be friend with Romanians and our friendship and culture worth more in some other eyes. If we look at the present Romanians aren't that much political looking to win, they know that the state ain't do much and can't count on state to do stuffs for them( 5 mil. romanians already work on them own in some other countries and know that they have to earn what others been given much more easier by the state ), they try to make changes into political even if they would work abroad, but every time there is someone to take responsability and say that he/she/they will do it, and then it just happens a back stab from political parties and most of what we need or want isn't made( there is a high absence on vote, due to low trust). Currently there is a political party which use to be on the right hand politics and now it's ally with them enemies, i am not going to talk lot's about it, as i don't feel like that's kind of a point of intrest to others.
Romanians are still in seek to build and repair the economy, there is a lot of people which are very smart and it doesn't even requires to be Romanian, people from different countries across Europe realise that Romania has potential and invest a lot in it across the years it been part of Europe Union, being in the middle point where you could communicate easy in commerce with Asian countries, to African countries, Eastern Europe. Unlikely other countries, there is a lot of space there can be build a business, people have better and better infrastructure under development and in development, outsiders are having lot's of connections with our Country, having 5 mil romanians++ across world in different countries actually comes up to make Romania much more close to having experienced workers with access to language connections and opportunities, people befriend across multiple countries and bound connections and friendship and i think this is the step where we can start to see more companies and people to invest in Romania, students are having nice experiences here and people come to study in Romania from outside. Romania has lot's of stuffs it could invest ,but there is always a need for some iron patriotic hand to actually run the country in best ways and not against society, this wouldn't be hard to find, but rather hard to get the right man up there you could trust in politics to change everything to a much more positive note, without to change it's minds.
Ceausescu, the hated dictatorship use to walk to school without shoes and had part of a poor education with not much food and great conditions, but it's love to develop Romania was in the end the pro side of his personality, sure romanians and lot's of people will not forget negative sides of his personality and how everything run at one point to extremes against Romanian citizens. But from my point of view Romanians had a lot to win, even when they run by oppresion of it's communist ideology which he been inspired from Asian countries such as Korea and China. Nowadays most of politicians/presidents/political parties ain't understand anymore what means to represent and work in the favour of your country, there are many politicians which are working more for them own benefits and individual gains. Selfishness across political parties made us most of time at the hand of some greedy people. Is hard to come up and get something good.
If we would have another leader and political organization to actually fully represent romanians needs, we could see a lot of changes on a good amount of problems which needs to be fix in nowadays democracy of Romania.
Romania has a lot of potential it should invest in education and reducing taxes, corelated with investments in making all state buildings and companies having a real point where they actually bring economies and resources to the state. Right now there are still a lot of problems, from buildings not proper use or neither maintained accordingly, from jobs and experts and researches which ain't anymore consuming resources to actually have a proper impact over state company technologies, experts which we in time tend to lose by age or the fact they adapt to other countries which invest in researching. Romania use to had lot's of researchers and there was tehnology developed in Romania for state companies manufacturing, there were even products for nuclear powerplants and rare minerals and lot's of stuffs made and which been use back then.
Companies just need proper politics in Romania, there is a lot of space for a start to where Romanians want to be, and i would personally love to think that every outsider would actually have great points and advantages to even consider in moving in Romania. People of here are at no point anymore intrested to develop our country by ourself, i think that we more and more accept that what we can't do from financial sides, there is a stranger which could actually make it happen and change something.
Thinking like America been build from citizens which move there and is part of many countries, as U.S.A has citizens across whole worldwide. I feel like Romania starts to become a country which as potential to be colonized by industry, is not yet by outsiders as it isn't as attractive over payment and job offerts. There are also people which make economies and start to build companies and businesses, everything sets up after a while.
3:33 Indeed, Bucharest is bigger and a pretty cool and vibrant city but the traffic is way more horrendous compared to Sofia, which in that aspect has improved quite a lot during the last decade.
Geographically, Sofia has, imo, a favourable and diverse geographical location being close to Plovdiv (1.5h), Burgas (4h highway), Bansko 2h (ski), Serbia, North Macedonia, Thessaloniki (4h) and Istanbul (8h). On the other hand, Bucharest has much more air connections to the rest of the world especially to warm winter destinations and a very good domestic coverage with the rest of the country.
Thanks for sharing your insights!
Have you lived in any of the two?
Lima Zulu, the favourable and diverse geographical location is (highly) debatable. What’s good for you is not the same for others. Bucharest is 1.5 h away from the nightlife/beaches of Mamaia resort ( on the Black Sea ) and similar time is spent until Transfăgărășan highway or the ski slopes of Prahova Valley. The population of Bucharest is bigger than the pop. of Paris ( without metropolitan areas ) so yes, traffic is an issue like in all big cities. ( in this material Sofia being called a big town not for the lack of traffic…)
Is the air pollution bad in cities too? Thanks!
Is fiber (fast wired) internet common in the countryside too? Thanks
Michael if a person has only personal residence status in Romania, can that person enjoy a very low tax on personal capital gaIn tax?
Depends how low you consider low...
just go away
Im german and romanian and i already can say hello in romanian (its "buna") and im rlly excited to speak romania and maybe move there in the future :)
I have a question about Defi/decentralised exchanges etc... I remember previously during times of FOMO or general crypto panic, exchanges ground to a halt or as many are built on Amazon's AWS cloud infrastructure - how can they truly be decentralised?
Dexes were doing that? When? Which ones? Gas fees go high but Dexes shouldn't be stopping working
Bulgaria 6.9m; Romania 19.2m; Hungary 9.7m; Poland 38m.
Land area in square miles: 42900; 92100; 35900; 120500 respectively.
Hello Michael,
This video is 2 years old, would you still consider Romania in 2024?
As a Romanian living in Bulgaria for 4 years now I can compare the 2 countries even though I'll obviously be biased. I'm going to try and keep it at facts.
1. Maybe it's harder to get residency as non-EU in Romania but for sure it's very hard to get citizenship as non-EU in Bulgaria. It will probably take you 10 years just to apply and if you're not married to a Bulgarian you will need to give up you non-EU citizenship.
2. The language and alphabet are problematic. For me as a speaker of a Latin language, like you correctly said Romanian is, there's a certain difficulty to get used to a Slavic language and the Cyrillic alphabet. Have you ever had to fill out a form and realized you can't even write ? It's not a pleasant feeling.
3. Taxes are low in both countries but as far as taxes on salary go they tend to be even lower in Bulgaria so you'll get a bigger salary. You'll also get less benefits when you're on medical and so on.
4. Roads and infrastructure are bad in both countries. That being said Bulgarian infrastructure is just horrible sometimes with things that seem to not have been touch since the 90s.
5. Tourism is better in Bulgaria , distances are shorter and conditions and prices are good though prices seem to have gone up quite a bit so it's not a cheap destination unlike some places in Ukraine for instance.
6. Outside of Sofia there's little economic and social activity compared to places like Cluj in Romania. There's Plovdiv but it's nowhere near Cluj or Timisoara. That doesn't leave you with many choices if you want to live in a smaller town.
7. Bucharest is much busier than Sofia and the traffic is just way worse.
Great observations, thanks for sharing. What made you move?
@@OffshoreCitizen I just got offered a great paying job on LinkedIn and decided to try. My initial idea was to move to Germany or The Netherlands but there was not much interest from there at the time.
I then met my wife here but she's Ukrainian.
All in all I enjoyed the experience but I plan on going back to Romania.
It will also be easier for my wife to get an EU citizenship there ( Romanian ).
The differences are too small between Romania and Bulgaria and for me the language is tough to master.
In Romania I'll probably either use my company and pay 3% + 5% dividends or open a PFA ( persoana fizica autorizata ) which is similar to what you described in the video for Bulgaria and also has low taxes ( up to a limit though ).
you are right,i love bulgaria sea side .we have better music festivals while you got better hotels better prices and better services,only that they steal cars on bulgarian beach side :))
@@mforce2 this aged horribly for the ukrianian part,I hipe you guys are safe and her family aswell. Sănătate multă frate!
Romania has never been a soviet country. It was communist but never a part of USSR. As a matter of fact the Russian speaking population… well.. it does not exist. Also, with regards to population Bg is 6.92 Serbia si 6.9 and Hungary is 9.75. Romanias population now is around 18 mil as many left the country and live elsewhere in EU. Other than that pretty decent video
If you intend to set up shop in Romania and stimulate the local economy, sure you are welcome. But if you intend to come here to get major tax breaks for a multinational company that offers shit wages, exploits the workforce and 0 hour contracts with dodgy work arounds for workers rights, then get the hell out.
An educated person doesn't let out everything that comes up on its tongue. This is an informative video and not an invitation for haters.
👏👍
Radu is an example of vulgar person that we have no shortage unfortunate, left over from the communists , after leaving outside 20 years and repatriation I find difficult to deal with people of cold manners us such ….
@@verite7906 If you don't like people like Radu talking about an uncomfortable reality to you, then you should have stayed there, buddy. Makes me thing that you're one of those 'patronași' exploiting people who have no choice but to work for subsistence wages.
No longer a tax haven in Romania. The govt just passed some big changes reg taxes. The treshold for small companies (1% tax) is now 60k EUR yearly revenue. If you make more than 60k EUR then you need to pay 16% profit tax. Also dividends are taxed at 10% (previously 8%). So, if you are a solopreneur with big margins you end up paying approx 26% in tax.
Care este scopul comentariului tau? Sa pui pe fuga eventualii investitori? Crezi ca nu se platesc taxe oriunde in lume?
Is true this information?
Hello from România. Thank you for your words ❤❤❤. Romania is the 12 country in Europe ( size). Arrownd Romania is not only Bulgaria ,but Ukraine, Serbia so on. România has the fastest internet in the world. We invented glasses 3d , insulin, so on. It s the haviest administrativ building in the world( palace of parliament) , We where not a soviet union country just comunism after our King Michael 1 was forced to abdicate by russian and they instal in our country comunism. Yes we have 4 seasons. Hello from Bucharest ❤
At some point you say Romania is an ex Soviet country. Romania is not an ex Soviet country. We were not part of USSR. We are an ex communist country.
Just a slip up 😅
We are, of course, very well aware of that.
How did you like the video? Are you in Romania?
Interesting comp of Romania vs Bulgaria... food for thought
Thank you, that's indeed a good idea.
Which one would you pick?
@@OffshoreCitizen to be honest I have been attracted to Bulgaria for a long time. I just wish it was out of the EU because ultimately nothing good can come out of the corruption at the EU level. They'll twist their arms and force them to comply like all other EU members by threatening to reduce their fundings, etc...still Bulgaria on short to medium term wins my heart!
Ok Le Pain, you can move to 🇹🇷 Turkie, is out of the “corrupt” EU and has really great food but be careful they want to join EU so you not in the clear yet. 🤣🤣
The best country and city
Please, are they enforcing EU Digital ID and vac..cine passports there to enter restaurants, malls .....etc?
Are they strict about that? Do they check vacc...ination for foreigners also?
yes
Not everywhere. It's not quire that strict now. No one knows in the near future but for now, it's acceptable.
Romania is the land of many ethnic groups, Germans, Russians, Hungarians, Romas, Greeks, Italians, Ukrainians etc. It's pretty multicultural considering is a Eastern European country, and I think the reason is because throughout the centuries everyone was welcomed and not discriminated.
...but not everyone who came here didn't discriminate us Romanians, on the contrary. Most of them were invaders.
As long as you don't speak hungarian you are safe. Romanians don't like Hungarians because they feel threatened by them.
@@varnadorel we love hungarians. We have a lot in common and a lot to learn from each other.
Is it correct that after around 60k euro you have to pay 10% health care tax on top of your income tax with the micro company structure?
no. company tax is company tax and for micro companies, it is 1 or 3% depending on if you hire people or not.
just FYI Romania was never part of the USSR. However, a part of Romania known as Bessarabia on the eastern side was not only invaded but also occupied by the Soviet Union in 1940 and also from 1945 to 1989. The region was annexed to another autonomous region from Ukraine to form a country known as Moldova.
As a british pensioner After 90 days can we apply for the long stay visa . Is any lawyer to do visa?
1:16 "Romania is DOWN next to Bulgaria..."
How do you look at the map, Mike?.... :-))
Hello, I have my grandmother's Romanian birth certificate.
How long will it take to reclaim citizenship?
I'm considering immigrating to Romania or Georgia.
Which are you leaning towards and why?
@@OffshoreCitizen Well, I was leaning towards Georgia...I guess just because of how unique and beautiful it is.
Recently, however, Russia's aggression towards Ukraine has me thinking twice about that, so I guess I'm not really sure.
Hasn't the tax changed since the minimum corporate tax rate were introduced?
Are you referring to the global minimum corporate tax?
If so no, that's an international agreement it needs domestic ratification, which might or might not happen, the implementation time is 10 years, and only applies to companies over $750 million so doesn't affect regimes like this.
@@OffshoreCitizen thats great to hear. Thank you for clarifying
THIS TOP G IS CONSIDERING THE MOVE
I found that taxis were cheaper than Uber. My wife is a Romanian citizen and we are moving there once our kids are done with high school.
(Edit: as an investor, all I saw when I looked around was opportunity. Next year we begin building our portfolio there.)
Nice! What are some good opportunities you think there are in Romania?
@@OffshoreCitizen I see a huge need for affordable housing I've done small developments in the US. I can definitely put that experience to use in Romania. During our last trip I met with a LOT of different people - contractors, priests, doctors, mechanics, waiters, etc. - and everyone said two main things were lacking in Brasov specifically: affordable housing and places to just hang out (other than clubs/cafes). I also see the need for self-storage. There is only 1 facility in Brasov and it has a very long waiting list. Solar is becoming more and more popular too. These are just to name a few opportunities. We are going back in March 2024 for a month to explore these ideas some more. Then I will put together an investment fund for Romania. My wife has a lot of friends from her childhood that also have connections in the local government so cutting through the red tape will be easier than I thought it would be.
@@steven_dekok the entire europe needs affordable housing, why romania in particular?
I'm curious as to where you pulled these numbers from, you said that you pay 1-3% in corporate taxes, and then about 5% on the personal side, whereas corporate taxes are actually at 16% and you have a 10% income tax. Is there like a loophole for foreign corporations or what am I missing?
for small businesses, it is 1% if you have employees and 3% if you don't from your total income.
then it is 16% for medium and big companies from the profits.
now adays wars also have ads?
I have a amazon fba business, making £200k a year and am a UK resident/citizen. If I register a Romanian company and conduct my business under that company, can I take advantage of the Corp tax rates there, or will I still be liable for UK Corp tax? I have a warehouse used for storage and distribution in the UK.
amazing, everyone complains about their own governments not making key investments (housing, health, education, etc), at the same time, everyone tries to pay less and less taxes not realizing they're part of the problem.
We are British we want to move to Romania . We are over 60. Can we get the visa to stay there
here i think you will find some/most informations.
and i think it would be easiest to visit UK embassy in Bucharest website or give them a call
You don t need visa but moving to Romania is not a good ideea because sucks big time
You don't need a visa. It's wonderful to hear that you will be moving to Romania!
You have a really strong Canadian accent.
starting IT bizness is good for non EU?
Depends where you're from, where your clients are based and a few other things. It's a complex question, best to book a call
@@OffshoreCitizen mostly US CANADA Northern WeStern & central Europe. was thinking of turkey portugal & estonia/latvia as well though
Not since Jan 2024, the taxes were raised to nearly highest in Europe
Question you sometimes talk about 7.5% corporate tax in Bulgaria, for me it is always 10%. Am I missing something here?
It's not corporate tax it's personal tax you can get to that level... Actually in some cases lower
I had the same question, but he did a video on this. Search for tax planning for Bulgarians on yt
Romania is very crypto friendly. First of all you have access to exchanges that are not available in many parts of US and the taxes total for an amount of 25% which is way better than the 40% in the US. Cool video though.
Romania vs Bulgaria?
Pros and cons of each but pretty similar. Depends mostly on personal preference
Romanian looks like a mix of Italian and Portuguese. Well, all neo-latin languages, at the end...
Romanian language is very close to an Italian dialect of Naples (Italy) area... LESS close to Portuguese.
Yes, but we also have many French words and Slavic. It is quite easy for us to learn Italian, Spanish and French because of the similarities. Our language is one of the closest to Latin. We learn English and French in school.
Sorry, romanian it's the old latin. It's a Vatican researcher who said that in reality things are opposite that the people use to know :romanian is older than Latin. The new genetic research showed that the Etruscans are coming from anatolia where even today 80%of the population are still the same as 3000 years ago. This is because the Turkish coming over the Thracians was not so many to change the genetic base of the place. Romanians as well Thracians living in the carpathian mountains preserved them language better than the Europeans are able to accept.
True that
Kind of. It's basically Latin with some words borrowed from neighbors and minorities.
How do you know so much about so much ?
Boundless curiosity and making a point every year of exploring new things
at 7.37, Deva, my home city :))))
Nice!
Are you still in Romania?
It seems to offer more ‘city like’ wow dude thanks
You can buy a propiety and move.
It is a shame that we, Romanians, give other people a chance to move here, but the USA don't allow us, Romanians, the visas to go there!
they're doing you a favor...
@@mmmitchy5573 that's true
The rate the United States is going believe me you don’t want to move here! Housing, healthcare, and some places the infrastructure here really sucks. Don’t let anybody fool you and say were the richest country because we are not. I’m not saying it’s a bad country to live in and it could always be worse but it’s not what everybody thinks it is.
The rate the United States is going believe me you don’t want to move here!
@@doreendidario6480 Nobody wants to move to US, we want just to visit, maxi 2 weeks, that would be more than enough in that toxic country.
Thanks for a more info on Romania Michael. I've had it on my short list since your other videos. I think you said 3% without employees and 1% with. Considered forming a company in Romania but maybe residence in Bulgaria, since it was unclear about the residence situation. But in the last 90 seconds of this upload, you did say a few words on it. Have to go re-watch, you might have said more in your previous videos. And I think you're biggest less is; make some money FIRST, then all this moving around jazz later.
I want to hire someone from Romania or Bulgaria to do recruiting , any tips on where to look to hire?
In which sector would you like to hire?
If I have a child, what is education there?
The public education system is only in Romanian (or Hungarian in some areas of Transylvania) and is completely free. But there is also a very well developed private system. You can find kindergartens, schools, high schools and universities in English (many with native English speaking teachers). There are also, but fewer, in French or German. It also depends on how much money you have for children educating.
@@kables_net Thanks very helpful information
both private and free public systems are good. Some highscools are better than others and you can get in by having higher grades. The private system can be experience, but it is upscale in most part.
You find Jurassic Park and Star Wars images on the school corridors. Your child will be well educated from young age.
Don’t America my Romania 🇷🇴 I’m planning on moving back after retiring lol
Nice!
Where are you located now?
@@OffshoreCitizen San Diego Ca
If is " your Romania" why you are not in Romania???
the question is, how safe it is if you are rich? a lot of people are broke, is there any possible that you can become a target from thieves?
Romania is actually quite safe. People have the wrong idea about eastern Europe based on media. It's actually safer than North America for the most part.
@@OffshoreCitizen I'm not saing that you are wrong. I am romanian but I live in germany, I go in my country only in summer. Police is corrupted, a lot of people became policeman only because it's a good paid job, and if you pay them some extra they won't say no. There was a lot of time when I personally saw how people were fighting and the police was just looking and waiting. That's why I am not very sure about safety in romania, maybe I was at the wrong place at the wrong time but it dind't happened only once.
@@IAM-ce4pe You should really change your friends, I lived my entire life in Romania an never saw a fight, not even one.
we are 26th safest country in the whole world! our thieves have left the country a long time ago, they are some other countries' problems right now.
so as safety is concerned it is safe for everyone in all aspects!
@@IAM-ce4peHow long since you’ve lived in Romania? No policeman can be bribed nowadays, because they are very well supervised. Believe me, I’ve tried several times. So maybe you come here and see for yourself. What do you say?
can a forigner own say 2 hectars of land and a house in this country
Yes if he has money to buy it
Yes!
is it easy as a forigner to find a job in Romania? Any tips?
We don't help people with that. As a general rule if you're looking for a job I wouldn't go to eastern Europe, wages are very low.
Well recently I've seen many black people (so obvious foreigner) in my city doing low skill jobs (like taxi or food delivery services) so for some foreigners it is good.
As a former Romanian who now lives in Perth, Australia I would give you a tip: do not move to Romania for any reason.You would soon regret that decision
No
@@varnadoreli agree with you.ROMANIA SUCKS BIG TIME.Milliions of romanian run from here and idiots from other country want come thinking is a fairytale or something😂😂😂
Sorry, but Romania is NOT a former Soviet country ! It belonged to the communist-socialist area of Europe, like all the East, and of course, it had to share the same political system, given the historical circumstances we had after WW2. BUT NOT as a former Soviet country or republic. The concept of "soviet" never applied to any country of the former socialist eastern block. "Soviet" was the name of the specific political organization system inside Russia, and only there. Russia was formed by tens of ethnic territories named "republics", Soviet republics. That reality has nothing to do with the independent Eastern countries that once shared the same political doctrine.
Romania is not former soviet country . In the fact , we romanians, we do not have nothing in common with Russia, we do not like Russia, we do not speak russian language . Police do not ask anymore money in Romania . 😉 Get a try , make an experiment and give money to a police officer in Romania , and you will se what it is happing. 😂😉 Study man before and come with facts . 😉 And romanians are far from cold people. If you wanna live with real cold people ,go in Germany , Holland , Scandinavia ( Denmark, Sweden , Norway , Finland ) and you we will the real definition of cold people . 😉
New drinking game. Every time you say Et cetera we take a shot of Slivovitza!
🤣🤣
romanians make and drink tuica/palinca so you can go with that
After living in Romania for five years,I’m planning to leave the country and move to Netherlands, Romania is not a good place to live with its low wages, I heard too much sad stories which is hopeless for them if they don’t move out of this land .
There is one thing still reminds me that the scooter in the city center cost 10$ per hour , that’s almost one or two hours of Romanian’s wages , it’s funny to me who is going to use it?
@@groslait7814 idk about your experience but in tech the wages are high and the prices are low.
@@thade554 How high!? Around $1000?
Be serious😄
You could do better in Spain or Italy.
@@tinotino9698 In Tech/IT the salaries are much, much higher.
@@tinotino9698 if you are senior engineer you can get between 3000-10.000eur, which that money have a lot more value in Romania than in western europe, for example you can live the same with 1000eur per month in Romania, as with 2500 eur per month in Germany.
Former Comunist,not soviet country!
🇷🇴👀
Ways to tell if a country is flea-bitten. What's their ambulances and hospitals like?
Great point. Can't fail on that one
ambulances are very good, hospitals so and so, some are terrible, some are new, but it is free. Private medical cover costs about 20-30$ a month (without a need to be hired and such), includes any checks you need.
@@thade554 how's the quality of care? What if u need a major procedure/surgery?
sorry....!!Romania has never been a Soviet country-we were under their influence though....
What's better Slovakia or Romania?
Slovakia
None
Romania
too cold for little me
Haha
What are your alternatives?
@@OffshoreCitizen .. Southern Bulgaria has lots of water front if its for sale..
Too cold??? Well 40 degrees for 5-6 months a year sounds anything but cold to me. It's way too hot, I plan to move to northern Europe just because of the hot weather.
In Winter, there are 15-20 degrees Celsius. You have 0 degrees during Winters only on top of the mountains, at 2000 metters. Winters are warm, believe me
Bulgaria builds the finest AK-47's unless you can get your hands on a NORINCO from China:)
resumee of romania by a romanian:
-U have decend money (2000 euro sallary?) - great lifestile
-U are born in romania and have a 1000 euro sallary which is a big one here- not good
-Romania is a beautiful country
-50-50% nice ppl, some are horible some are very nice
-Many touristic objectives, beautiful cities especially in Transylvania(Mountains)
-Cluj is the the point that once few years ago was second internet speed in eu or the world idk and is a great city and developing on working digitally
-Many touristic objectives that we never knew to value
-And yes... there are quite many gipssies but mostly are not violent, just begging for money(or go to other countries so all of em classify us as we are all gipssies)
-Latin language (Romanian means citizen of rome aparently we were colonised by romans and the last that survived as romans after the empired moved to greece) simillar to italian and a bit spanish
Viva Romania 🇷🇴
Do you live in Romania?😄
@@OffshoreCitizen Germany
A place where locals purchased their apartments for like 1-3000 usd 20 years ago and now they sell them to foreigners for 2-300000 usd or even more. It’s not stupid who’s asking but who’s paying
Right
You exaggerating ain't nobody buying soviet style apartments in RO for 300k usd..a house maybe but not flats..you can buy in country side a house for less than 80k usd with all amenities ..and we talking new or 2-3 years old house.
that happened 30 years ago, and not for 3000 but for a lot more...
we bought our apartments from the gov, but that is different because them being built in the communist era, and we had to pay for them back to live in them, so that was considered as a downpayment.
That just lies or exagerate to be kind...
Apartament or house with 300k euro is in big city and in well area. You are so wrong when you say about this houses ever costed 3000 euro... lol.
In big and expensive city like Bucharest, Timisoara or Cluj you can easily find 2-3 room apartament with 60-80k euro. Not in central zone of course.
For exemple, my brother buy in Timisoara 15 years ago, a 3 rooms apartment with 55k euros. Today the cost for one im same area is 75-85k euro
Former comunist country ! Not soviet! A little/big difference 😉
In Romania you can buy your green pass from a doctor/nurse for around $300. It is such a common thing that there is a nickname for it, "sink vax", because it goes down the sink instead of in you.
If you have money, in Romania you will be able to a large degree to buy your freedom, regardless of what they come up with next.
If you are independently wealthy or have a location-independent income where you earn foreign $, you can live like a king in Romania.
Thank you for that information. Really appreciate it.
Stop spreading misinformation, if you break the law, you will be prosecuted to the full extent of the law.
i know somebody who did that and now him and the nurse is in prison.
You risk jail for that
This used to happen, but there have been crackdowns on that practice and now no doctor is going to risk it.
Romania. At anytime get held in jail without charges for months on end. Im good thanks.
another Andrew Tate a.....cker, there are charges dumbass, it remains to see if the prosecution can prove those to be true, which i think they won't be able to in my personal opinion or at least not in the manner they would like to
Romania, Italy, France, Spain, and Portugal are the only 5 Romanic languages in the world that are Latin-based languages meaning they all share many similarities in the words, vocabulary, and grammar. Romanian and Italian languages are the closest and most similar to each other in the way they sound. in the Eastern European block, Romania is the only Latin country which many people are surprised to learn as a lot of people assume Romania is a slavic country like the rest of the countries in Eastern Europe which are all Slavic countries, except for Hungary.
I need visit visa
Where are you from?
wrong...Ro was a communist country not Soviet.... Soviet implies occupied by Russians......you keep comparing Ro with Bulgaria...again wrong...
Bulgaria was never soviet neither.
Romanian language is Latin based language like Italian Portuguese Spanish Romanian language is the closest to Latin
Yes huge overlap with Italian
tip: you can buy a dominican passport for $100,000 to get into romania.