Answer: A self employed in Romania is registered as a PFA which stands for ”Persoana Fizica Autorizata”, phrase also commonly translated as a Romanian authorized physical person. This is actually a highly preferred alternative for perfectly qualified individuals who choose to set up their own business. This proved quite a convenient option for Romanians and it is still perfectly functioning for all natural persons seeking for a more approachable way to turn their experience and qualifications into real profit. From the legal point of view, there are certain conditions to be fulfilled in order to qualify for the status of PFA Romania.
If you are interested in this opportunity and feel confident in the knowledge and experience you have acquired up until the present moment, then you can start such a project.
1. you have to be over 18 years old;
2. you either have to be qualified or trained, or you need the professional experience required to conduct the economic activity for which the authorization is requested (depending on specific circumstances);
3. as any other legal entity, you must have a registered office;
4. last, but not least, you must never have been convicted by a final court decision for committing the offenses punished by financial or customs laws, or for those involving financial and fiscal discipline as those that are enrolled in the tax record certificate.
A highly important aspect of the Romanian VAT regime concerns the legal possibility to regain the non-taxable privileges. Even if exceeding the 65,000 EUR/year threshold for only one year, individuals have the chance to return to VAT-exempt status for the following year, on condition that the annual turnover does not exceed the provided limits. So, at the beginning of the calendar year, a self-employed may request to be removed from the VAT registered persons record.
As you can see, under certain circumstances, the PFA Romania regime can become a little bit confusing. That is why our skilled experts are prepared to assist you concerning a wide range of issues regarding this topic. We come to your aid and we offer you permanent guidance throughout the entire process, representing you before the Romanian authorities. We can help you start your own business by authorising you as a natural person able to carry out independent economic activities.
When starting any type of business, one might need a team of professionals who can lead him or she through the intricate legal provisions. This is where our team of laywers in Romania makes the difference. We are at your service anytime and ready to help you open a PFA or just to offer you the necessary legal information for your business. Call us anytime for a free consultation.