British Investment Lawyer on Investing in Romania: A Thriving Gateway to Balkans

Nicholas Hammond from Hammond Partnership Law Firm is one of the British expats who have been living and working in Romania for more than 30 years. His experience as a British investment lawyer in the country allows him to recommend to his foreign clients to invest in Romania.

He does so in his latest post on the company’s website:

Romania represents to many companies and entrepreneurs an opportunity to develop their businesses in a way that they may not have been considered previously. Even now 30 years after the reunification of Europe, Romania is still a land of opportunity and there are many areas needing foreign investment and know-how.

Nicholas Hammond on investing in Romania

Romania – a safe country to invest in

According to Nicholas Hammond, Romania is a safe country to invest in. Still, one has to do that carefully, and by having the proper advisors along with him during the process.

Anyone wishing to open a business or invest in Romania needs to do so with an open mind, but also with care. Whilst Romania is a safe country to invest in from the physical as well as the legal perspective, care is needed at all stages until the investor has built up their own knowledge of Romania, its legal system, and its people.

Nicholas Hammond, Hammond Parthenrship Law Firm

Yes, Romania is a safe country to invest in. Also, it’s a country of opportunity, as many investors coming here realize when starting doing business, disregard of their field of expertise. And yes, the investors have to keep a good advisor by their side, such as someone who knows the country, the people, and the national laws applicable.

Among the top countries to invest in Romania, one can mention Germany, Austria, France, or Italy. Also, the Netherlands and the United States are among the top countries to invest in Romania by the nationality of their investors.

In 2019, the last available report on direct foreign investments in Romania, there were 88.3 billion EUR as foreign investments, a figure which certainly dropped in 2020, because of the pandemic. Even so, the economic perspective looks very good for Romania and the international analysts forecast the economy will grow by 5% in the next two years, the second performance in the EU.

Ready to invest in Romania?

Investing in Romania is an opportunity for foreign investors. Romania is not only a member state of the EU but also a developing country by excellence. The annual growth before the pandemic placed the country among the top European economies by the growth rate. Also, in May this year, different international analysts, from the World Bank to the Standard and Poor’s forecast an increase of the economy by at least 5% a year. The percentage places Romania second in the European Union. This says only one thing: Romania is open for investments and it is a proper country to invest in.

All you have to do, as a foreign investor in Romania, is to hire a good law firm to know the ins and outs of investing in the country, along with helping you out whenever their professional advice is needed.

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