Europe's best-kept secret β a flat 10% income tax, world-class internet speeds, medieval castles, and a cost of living that lets your money go twice as far as in Western Europe.
EU/EEA citizens can move to Romania freely β no visa required, just register with the local authorities if staying more than 3 months. Non-EU nationals need a long-stay Type D visa before arriving, followed by a residence permit. Romania joined Schengen in 2025.
Important: Romanian immigration procedures can be slow and documentation-heavy. Always start the visa process well in advance and consult a qualified Romanian immigration lawyer for your specific situation. Verify all current requirements with the General Inspectorate for Immigration (igi.mai.gov.ro/en/).
Romania has one of the most attractive tax systems in the EU β a flat 10% personal income tax rate, tied with Bulgaria as the lowest in the bloc. For entrepreneurs, the micro-enterprise regime offers corporate tax as low as 1% on turnover.
Romania's flat 10% income tax means a β¬100,000 earner pays the same rate as someone earning β¬20,000. No brackets, no complexity.
Tax advice disclaimer: Romania's 2026 tax reform increased dividend and capital gains tax from 10% to 16%. Tax laws change frequently β always consult a qualified Romanian tax adviser before making decisions.
Romania offers exceptional value for expats earning Western salaries. A comfortable lifestyle in Bucharest costs around β¬1,000ββ¬1,500/month, while smaller cities like Cluj-Napoca, TimiΘoara, and IaΘi are even more affordable.
Romania has a public healthcare system funded through mandatory CASS contributions (10% of salary). Most expats opt for private health insurance for better access, English-speaking doctors, and shorter waiting times.
Tip: Private healthcare in Romania is genuinely affordable. Many expats skip insurance entirely for routine care and pay out of pocket β a GP visit for β¬20ββ¬50 and a specialist for β¬30ββ¬80 makes this a realistic option.
Romania uses the Romanian Leu (RON) β it has not adopted the Euro, though Euro adoption is planned for the future. Banking is straightforward for residents, with several major international banks operating alongside local institutions.
Tip: Get a Revolut or Wise account before you move β it lets you spend in RON immediately at the real exchange rate while you set up your Romanian bank account. ING Romania is particularly popular with expats for its English-language app.
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