General Partnership (SNC) in Romania — Software Development Agency Formation Guide
Consider jurisdictions with strong IP protection laws and favorable corporate tax rates for B2B service exports. Estonia's deferred corporate tax or US LLCs for non-residents are popular choices.
Last verified: June 13, 2026
Corporate Tax
16.0%
State Tax
0.0%
Formation Cost
$50
Annual Fee
$0
Forming a General Partnership (SNC) in Romania as a Software Development Agency means a total tax burden of 16.0% and an official formation cost of $50. There is no minimum capital requirement. Standard formation takes 3-5 business days, or 1-2 business days expedited. No local director is required; the process can be managed remotely. This guide covers the steps, tax breakdown, banking options, and compliance requirements — all from verified data.
First-year total cost
≈ $1,800
Ongoing (per year)
≈ $1,500
Why General Partnership (SNC) for Software Development Agency?
A B2B service business providing custom software engineering, web development, and IT consulting to clients globally. Requires robust invoicing, IP assignment capabilities, and easy cross-border payments.
Ideal for
- Teams of developers
- B2B service providers
- Tech consultancies
- Outsourcing firms
Challenges to watch
- Managing cross-border withholding taxes
- Complex IP assignment and ownership laws
- High banking compliance for large international wire transfers
- Hiring and paying international contractors
Key decision criteria
- Does the jurisdiction have double taxation treaties with your clients' countries?
- Is it easy to open a multi-currency business bank account?
- Are there R&D tax credits or tech-specific incentives?
- How straightforward is it to issue equity or options to key employees?
General Partnership (SNC) formation requirements
Minimum capital
None
Standard timeline
3-5 business days
Expedited timeline
1-2 business days
Local director
Not required
Registered office
Virtual office allowed
Notarization
Required
Foreign citizens and corporate entities can act as administrators without residency requirements.
Estimated breakdown (based on avg. $500,000 revenue)
Simulate with your own revenue →
VAT / Sales Tax
Standard rate 21%. Registration threshold: 395,000 RON. Non-resident providers of digital services to Romanian consumers must register for and charge VAT at the standard 21% rate, typically via the EU OSS scheme.
Banking & payments for Software Development Agency
Opening a traditional bank account in Romania usually requires an in-person visit by the company administrator and solid proof of local economic substance. However, non-resident founders can easily use digital platforms like Wise or Revolut Business to open multi-currency accounts remotely.
Supported payment gateways
Remote-friendly accounts
Wise
Highly recommended for non-resident founders needing quick access to RON and EUR accounts with low FX fees.
Revolut Business
Offers seamless multi-currency corporate accounts and corporate cards, fully supporting Romanian entities.
Romania incentives & advantages
R&D Tax Incentives
50% extra deduction on R&D costs or a 10% tax credit deducted directly from corporate income tax.
Tax Exemption for Reinvested Profit
16% corporate tax exemption on the reinvested amount.
General Partnership (SNC) formation steps
Step 1: Choose and reserve a unique partnership name with the Romanian National Trade Register Office (ONRC).
Step 2: Draft the Articles of Association (Constitutive Act) detailing partner contributions, profit-sharing ratios, and management rules.
Step 3: Obtain notarized specimen signatures for the partners who will act as the administrators of the SNC.
Step 4: Secure a registered office address in Romania through a lease agreement or a commodatum (free use) contract.
Step 5: Submit the complete incorporation file, including identity documents and the Constitutive Act, to the ONRC.
Step 6: Register for taxation (Corporate Income Tax or Microenterprise Tax) and apply for a VAT number if applicable.
Step 7: Open a corporate bank account in Romania to manage the partnership's financial operations.
Software Development Agency FAQ
Where is the best place to incorporate a dev agency?
Estonia is great for reinvesting profits without immediate tax, while a US LLC (Wyoming or Delaware) is excellent for global invoicing and accessing US clients.
How do withholding taxes affect my agency?
If your client's country doesn't have a tax treaty with your company's jurisdiction, they might be required by their local laws to withhold a percentage of your invoice amount.
Do I need to charge VAT or GST to my clients?
It depends on the location of your clients. B2B software services exported outside your jurisdiction are often zero-rated, but you must verify local reverse-charge rules.
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Related terms
Key concepts you'll encounter when forming a Software Development Agency
Related guides
Complete General Partnership (SNC) guide
Taxes, requirements, banking, compliance
General Partnership (SNC) cost calculator
One-time and annual cost breakdown
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