Romanian President Signs Digital Nomad Tax Advantages Law

Romanian President Klaus Iohannis signed a bill exempting digital nomads from social security, social health insurance, and wage taxes.

Romanian digital nomads seeking tax exemption must stay in the nation for 183 days, which can be split up over 12 months.

Romania announced digital nomad visas, and the House passed the bill for the project in 2021.

Romania's Digital Nomad Visa lets foreigners live and work there. Digital nomads must work full or part-time for three years before applying for such visas. Provide a six-month income proof of roughly €3,700 or $4,170 each month—three times the Romanian average gross salary of 6,095.

Identification, job connections, and corporate details are also required. Candidates must also describe their nation stay.

Romania launched its digital nomad visa at the start of the year to recruit overseas employees and boost its economy.

“This legal initiative was developed following months of work in collaboration with the Ministry of Research, Innovation, and Digitalization, as well as experts working with the Ministry of Internal Affairs and the Ministry of Foreign Affairs. I initiated the project as I trusted it to be a law through which financial resources can be drawn to Romania, as many other member states have already done,” the Member of the Chamber of Deputies, Diana Buzoianu, pointed out.

Hungary, Romania's neighbour, also offers the Digital Nomad Visa. Applicants must have a legal job contract, a share in a company with profit outside the country, and not engage in activities that can earn internationals money while in Hungary. A White Card applicant meets such qualifications.

The Czech Republic, France, Greece, Germany, Iceland, Spain, Estonia, Malta, and Croatia have the most popular digital nomad visas, whereas Portugal, despite its success, may soon lose digital nomads. Digital nomads may be unclear due to the country's golden visa policy ending.

By fLEXI tEAM