Summary
- Profile Type
- Business Offer
- POD Reference
- BORO20241028008
- Term of Validity
- 29 October 2024 - 29 October 2025
- Company's Country
- Romania
- Type of partnership
- Commercial agreement
- Targeted Countries
- New Zealand
- Australia
- South Africa
- United States
- United Arab Emirates
- Bulgaria
- India
- Portugal
- Serbia
- Germany
- Spain
- Moldova
- Hungary
- Italy
- Austria
- France
- Finland
- Malta
- Slovenia
- Sweden
- Norway
- Denmark
- Switzerland
- Faroe Islands
- Croatia
- Andorra
- Greece
- Belgium
- San Marino
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General information
- Short Summary
- Romanian accounting firm with 20+ years of experience, offering comprehensive services: financial accounting, payroll, tax declarations, managerial accounting, cost analysis, and consulting for foreign clients establishing businesses in Romania. The SME has a Bilingual team (English and Italian) with real-time compliance capabilities and it is searching for international clients that are looking to expand their operations in the Romanian market
- Full Description
-
The SME is a Romanian-based accounting firm, with over 20 years in the industry, and provides comprehensive financial services tailored for international clients. Their offerings include:
• Financial Accounting: Preparation of annual/semi-annual reports, payroll management, monthly trial balances, tax declarations, and fiscal compliance.
• Managerial Accounting: Production cost analysis, budgeting by activity centers, and thorough cost assessments to aid in effective resource allocation.
• Specialized Consulting: Full consulting services for foreign individuals establishing businesses in Romania, including real-time fiscal and tax compliance, and guidance on legal and regulatory matters.
• Expertise in “Lohn” Accounting: Support for businesses in active processing activities, ideal for production companies operating across borders.
• Judicial and Extrajudicial Expertise: Financial assessments and testimonies for judicial purposes, as well as extrajudicial financial support.
• Financial Assistance and Documentation: Assistance in loan and financing applications, feasibility studies, and business plan development, tailored to the requirements of Romanian financial institutions.
The firm is well-equipped with the latest technological infrastructure, enabling the team to stay updated on real-time fiscal changes. This access allows us to ensure compliance, efficiency, and accuracy in all financial operations.
The team of seasoned professionals combines expertise in both economic and legal domains, providing clients with integrated solutions across all levels of business needs. Multilingual proficiency in English and Italian ensures smooth, transparent communication for clients from diverse international backgrounds. The company is dedicated to supporting every client’s journey to establish or grow their business in Romania through reliable, proactive service and tailored, strategic advice. - Advantages and Innovations
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The firm stands out for its combination of experience, technology, and client-centric services, uniquely suited to international clients entering the Romanian market.
Long-Term Market Expertise: Over 20 years in Romanian accounting ensures that the company understands local nuances, offering foreign clients tailored insights into Romania’s fiscal landscape.
Real-Time Compliance Capabilities: The company’s technological infrastructure provides real-time access to regulatory updates, ensuring full compliance and proactive management of tax obligations.
Specialized Services for Foreign Clients: The SME offer exclusive support to international clients, covering everything from business registration to regulatory compliance, creating a streamlined process for foreign entrepreneurs.
Bilingual Communication: Fluency in English and Italian allows the company to serve a diverse client base efficiently, minimizing misunderstandings and facilitating effective interactions.
Diverse Expertise: The team’s skills in both legal and economic fields enhance their ability to offer comprehensive financial and judicial services, essential for clients needing robust compliance and legal support.
By combining experience, innovation, and client-focused services, the company provides a reliable partnership for international clients aiming to establish or expand their businesses in Romania. - Technical Specification or Expertise Sought
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The firm seeks international clients and partners committed to regulatory compliance, transparent financial practices, and long-term collaboration within Romania’s fiscal landscape. The company is looking for partners with:
Cross-Border Business Understanding: Experience with multinational operations and a willingness to align with Romanian regulations.
Commitment to Compliance: Adherence to local tax, social security, and legal requirements, along with an organized approach to financial transparency.
Digital Literacy: Compatibility with digital accounting platforms like SAP or QuickBooks and openness to digital documentation.
Strategic Financial Goals: Clear objectives for growth, whether entering the Romanian market, optimizing operations, or expanding investment.
Full Access and Transparency: Complete access to financial and operational records for efficient auditing, payroll, and tax processing.
Cultural Sensitivity and Communication: Multilingual proficiency, ideally in English or Italian, to foster effective, cross-cultural collaboration.
Sustainability and Ethical Practices: Clients with Environmental, Social, and Governance (ESG) priorities are ideal, as the company emphasizes sustainable accounting practices.
Long-Term Partnership Vision: A readiness to invest in a sustained relationship, benefiting from proactive tax optimization, budgeting, and compliance support.
Risk Management Focus: Partners who prioritize risk identification, compliance audits, and financial planning.
Technological Security: Emphasis on data security with secure systems and privacy practices to ensure safe handling of sensitive financial information.
The firm’s infrastructure and expertise are best suited for partners who seek customized financial solutions, value compliance, and support transparent, secure, and sustainable practices as part of their growth strategy in Romania. - Stage of Development
- Already on the market
- Sustainable Development Goals
- Goal 8: Decent Work and Economic Growth
- IPR status
- No IPR applied
Partner Sought
- Expected Role of a Partner
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In the company's collaborative model, the role of the partner is pivotal to achieving seamless, efficient, and compliant operations within Romania’s regulatory landscape. As partners, international clients play an active role by aligning their strategic goals, operational practices, and financial priorities with Romanian regulations, facilitating a productive relationship built on mutual goals.
Primarily, the partner is expected to maintain open communication and transparency, providing timely access to relevant financial and operational data. This transparency enables us to accurately handle financial reporting, tax filings, payroll management, and other essential services that ensure full regulatory compliance. Partners also benefit by clearly defining their long-term objectives and sharing key performance indicators (KPIs), as these guide the SME's tailored approach to optimizing their financial strategy and aligning it with Romania’s fiscal framework.
Another critical role of the partner is to remain adaptive to evolving regulatory requirements, working with us to implement compliance adjustments as needed. This proactive stance enables us to navigate Romania’s dynamic fiscal environment efficiently, minimizing potential compliance risks and fostering a resilient business structure. This includes aligning with the company's guidance on required documentation, deadlines, and procedural changes in response to updated tax or labor regulations. The partner’s active role in compliance ensures smoother audits, fewer penalties, and a fortified reputation within the Romanian market. Additionally, the partner should invest in secure, digital-compatible processes to streamline data sharing and ensure that sensitive financial information remains protected. Embracing technological solutions that are compatible with the firm's digital systems not only enhances efficiency but also supports data security.
The partner should allocate adequate personnel and resources to manage Romanian financial processes. This might include appointing a liaison familiar with local regulations, dedicating staff to handle document preparation, and ensuring timely responses for regulatory submission.
As the firm offers multilingual services (in English and Italian), they seek partners willing to bridge any cultural or language differences, ensuring smooth communication and a respectful exchange of business practices. This adaptability aids in effective collaboration and minimizes misunderstandings.
Furthermore, the partner’s commitment to sustainability and ethical practices strengthens the SMEs ability to build transparent, socially responsible financial models. By aligning on Environmental, Social, and Governance (ESG) principles, partners contribute to a shared vision of ethical, responsible business practices that resonate with international standards.
Ultimately, the firm's most successful partnerships are those in which the partner is dedicated to collaboration, strategic growth, and compliance, fostering a strong foundation for sustained business success in Romania. - Type and Size of Partner
- SME 11-49
- SME 50 - 249
- SME <=10
- Type of partnership
- Commercial agreement
Dissemination
- Technology keywords
- 11001 - Socio-economic models, economic aspects
- 11004 - Technology, Society and Employment
- 11002 - Education and Training
- Market keywords
- 09003005 - Consulting services
- Sector Groups Involved
- Tourism
- Electronics
- Construction
- Creative Industries
- Textiles
- Retail
- Targeted countries
- New Zealand
- Australia
- South Africa
- United States
- United Arab Emirates
- Bulgaria
- India
- Portugal
- Serbia
- Germany
- Spain
- Moldova
- Hungary
- Italy
- Austria
- France
- Finland
- Malta
- Slovenia
- Sweden
- Norway
- Denmark
- Switzerland
- Faroe Islands
- Croatia
- Andorra
- Greece
- Belgium
- San Marino
Files
Romanian Accounting Company looking for international clients