Romania
ROMANIA

Employer of Record

EMPLOYER OF RECORD

Employ is a trusted provider of Employer of Record (EOR) solutions for businesses looking to expand in the Asia Pacific, Africa, Europe, and America, covering end-to-end employment services for the remote workforce. We specialize in Outsourced Payroll Services, Remote Staffing, and Visa Services. In addition, we bring a centralized approach to HR management, Payroll & Benefits, and Legal Compliance wherever your staff may be.

19.1 MILLION

total population in 2021

339 BILLION USD

expected GDP in 2023

Romania has lots to offer for international expansion. The World Bank classified Romania as a high-income nation with GDP is projected to trend around 315.25 USD Billion in 2022. This is a significant milestone in terms of investment rating judgments. In addition, the Bucharest Stock Exchange (BVB) officially became an emerging market (GEIS). Romania has a highly educated workforce with excellent foreign language skills. There are many highly qualified experts and ambitious grads to choose from. The number of shared services, research and development centers, and highly skilled IT employees is increasing.

PUBLIC HOLIDAYS: 14

  • New Year’s Day – January 1
  • Unification Day – January 24
  • Epiphany – varies
  • Labor Day – May 1
  • Easter Monday – varies
  • Whit Monday – varies
  • International Children’s Day – June 1
  • Pentecost -varies
  • Descent of the Holy Spirit – varies
  • St. Mary’s Day – August 15
  • Feast of St. Andrew- November 30
  • National Day – December 1
  • Christmas Day – December 25
  • Second Day of Christmas – December 26

 

SOCIAL SECURITY AND TAXATION

Employer contributions:

  • Social Insurance: 4% to 8%
  • Labor Insurance: 2.25%

Income Tax Rate: 16%

MINIMUM WAGE

471.75 Euros per month

WORK HOURS

40 hours per week

OVERTIME RATE

175% of the normal rate

PROBATIONARY PERIOD

up to 90 days

ANNUAL LEAVE CREDITS

20 days

MATERNITY LEAVE

126 calendar days

PATERNITY LEAVE

5 days

SICK LEAVE

5 days (paid)

BONUSES

not required (upon the discretion of the employer)

*Info is not binding, may vary, and is provided only as an indication.

Your Global Team Starts Here With Us

Ask our team to design a solution that works directly with your current setup.

Other Countries to Explore

Ideal Countries To Start Your International Expansion - Ghana
Ghana

Ghana

Ghana which translates to “Warrior King is the first country in Sub-saharan Africa to gain independence. From a business perspective, Ghana has a dynamic private sector that is willing to engage with foreign partners.

Employer Of Record Solutions - Expanding Business In Nigeria
Nigeria

Nigeria

Nigeria has the potential to become one of the world’s most powerful economies. It boasts the largest population in Africa, with more than 65% of the people below 25...

Employer Of Record Solutions - South Africa
South Africa

South Africa

Since the end of apartheid in the early 1990s, South Africa has attracted many foreign investments with social and political reforms conducive to business from different industries.

Your Global Team Starts Here With Us

Ask our team to design a solution that works directly with your current setup.