Limited Liability Company (SRL) in Romania — Travel & Tourism Agency Formation Guide
Choose a jurisdiction with favorable VAT rules for tour operators (like the EU's TOMS) and easy access to multi-currency merchant accounts to handle international bookings.
Last verified: June 13, 2026
Corporate Tax
16.0%
State Tax
0.0%
Formation Cost
$30
Annual Fee
$0
Forming a Limited Liability Company (SRL) in Romania as a Travel & Tourism Agency means a total tax burden of 16.0% and an official formation cost of $30. The minimum capital requirement is 110 USD. Standard formation takes 3-5 business days, or 1-2 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
≈ $3,310
Ongoing (per year)
≈ $2,150
Why Limited Liability Company (SRL) for Travel & Tourism Agency?
A business model focused on organizing, booking, and selling travel, accommodation, and tour packages to individuals or groups. Requires robust payment processing and often specific local licensing.
Ideal for
- Tour operators
- Boutique travel planners
- Corporate travel managers
- Online travel agencies (OTAs)
Challenges to watch
- Strict local licensing and bonding requirements
- High chargeback risks in payment processing
- Complex cross-border VAT and tax compliance
- Seasonal revenue fluctuations
Key decision criteria
- Does the jurisdiction require a specific travel agency license?
- Can you easily open a merchant account that accepts high-volume, high-ticket international payments?
- What are the consumer protection and liability laws?
- How does the jurisdiction tax international travel packages?
Limited Liability Company (SRL) formation requirements
Minimum capital
110 USD
Standard timeline
3-5 business days
Expedited timeline
1-2 days
Local director
Not required
Registered office
Virtual office allowed
Notarization
Required
Foreigners can be 100% shareholders and directors. No local residency is required.
Estimated breakdown (based on avg. $250,000 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 VAT under the EU OSS scheme or locally, with no registration threshold.
Banking & payments for Travel & Tourism Agency
Opening a traditional corporate bank account in Romania as a non-resident founder is highly challenging due to strict KYC and AML regulations. Most local banks require a physical visit, proof of local substance, or a notarized power of attorney. Consequently, many foreign founders rely on digital platforms like Revolut Business or Wise for their initial operations.
Supported payment gateways
Remote-friendly accounts
Revolut Business
Highly popular among foreign founders of Romanian SRLs. Offers fully remote account opening, multi-currency accounts, and seamless EU integration.
Wise
Excellent for international transfers and holding multiple currencies. Account can be opened remotely, though local RON details are provided via partner banks.
Romania incentives & advantages
Micro-Enterprise Tax Regime
1% flat tax on gross revenue (turnover).
IT Salary Tax Exemption
0% personal income tax (standard is 10%) on qualifying salary.
R&D Tax Credit
Optional 10% tax credit or an additional 50% deduction of eligible R&D expenses.
Limited Liability Company (SRL) formation steps
Choose a unique company name and reserve it with the National Trade Register Office (ONRC).
Define the company's main and secondary activities using CAEN codes.
Draft and notarize the Articles of Association (Act Constitutiv) and prepare founder affidavits.
Secure a registered office address (sediu social) in Romania (can use a virtual office for the first year).
Deposit the minimum share capital of RON 500 into a temporary capital account.
Submit the incorporation file to the ONRC (can be done online with an electronic signature or via proxy).
Obtain the Certificate of Registration (CUI) and register for tax and VAT (if applicable).
Open a permanent corporate bank account and activate internet banking.
Hire at least one employee to activate the 1% micro-enterprise tax regime.
Travel & Tourism Agency FAQ
Do I need a special license to start an online travel agency?
In most jurisdictions, yes. Countries often require travel agencies to hold specific licenses, post financial bonds, or join consumer protection schemes to legally sell travel packages.
Which country is best for incorporating a travel agency?
It depends on your target market. If targeting EU customers, incorporating in an EU country like Estonia or Cyprus is beneficial for regulatory alignment. For global, low-regulation setups, some founders choose US LLCs, though payment gateways may still require proof of local compliance.
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One-time and annual cost breakdown
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