Romania

Romania

Long-Stay Visa for Commercial Activities

🚀 Startup Capital
€100,000
one-time
Minimum capital or technology investment for associates in an SRL (limited liability company), plus creation of at least 10 full-time jobs within 12 months. Shareholders in joint-stock companies (SA) must invest at least EUR 150,000 and create 15 jobs. Amounts are proportional to ownership percentage.
⏱️ Duration
Residence permit extended for up to 1 year at a time. Investments of at least EUR 500,000 or creation of 50+ jobs qualify for 3-year extensions.
👪 Dependants
Yes
Spouse and dependent children through a separate family reunification visa application. Family members receive residence permits aligned with the main applicant's permit duration.

Romania's Long-Stay Visa for Commercial Activities (D/AC) enables non-EU nationals to enter and reside in Romania as shareholders or associates with management responsibilities in Romanian companies. Established under Government Emergency Ordinance No. 194/2002 and administered jointly by the Ministry of Foreign Affairs, the General Inspectorate for Immigration, and the Ministry of Economy, the program targets foreign entrepreneurs who intend to establish or manage companies in Romania through capital investment and job creation. It provides a pathway to long-term residence after five continuous years.

Requirements
  • Be a third-country national intending to become a shareholder in a joint-stock company (SA) or associate in a limited liability company (SRL) in Romania
  • Hold a management or administrative position in the Romanian company
  • Obtain a specialized technical endorsement (aviz tehnic de specialitate) on your business plan from the Ministry of Economy, Entrepreneurship and Tourism
  • Investment thresholds for residence permit extensions: EUR 100,000 in capital or technology and at least 10 full-time jobs for SRL associates; EUR 150,000 and at least 15 jobs for SA shareholders, within 12 months
  • Demonstrate monthly income from Romanian business operations: EUR 500/month for SRL associates or EUR 700/month for SA shareholders
  • Valid passport with at least 3 months validity beyond the estimated exit date
  • Health insurance covering the entire visa and residence permit period
  • Clean criminal record from country of domicile or residence
  • The company must have no outstanding debts to the state budget and must not be in dissolution, liquidation, or insolvency proceedings
  • Citizens of the United States, Canada, Japan, and Switzerland are exempt from the business plan and minimum investment requirements for the initial visa under bilateral agreements
Required Documents

For the long-stay visa:

  • Specialized technical endorsement from the Ministry of Economy on the business plan
  • Criminal record certificate from country of domicile or residence
  • Valid medical insurance for the visa period
  • Valid passport (minimum 3 months beyond estimated exit date)

For the residence permit extension:

  • Valid passport or travel document
  • Endorsement from the Romanian Centre for Trade and Investment
  • Company registration certificate and articles of incorporation
  • Proof of financial means (EUR 500-700/month from business operations)
  • Proof of legal possession of registered office and residence address
  • Social insurance documentation
  • Medical certificate
  • All foreign documents must be apostilled or legalized
Duration & Renewal

The D/AC long-stay visa is valid for 90 days with single or multiple entries. After arriving in Romania, holders apply for a temporary residence permit at the General Inspectorate for Immigration within 30 days before the visa expires. Residence permits are extended for up to 1 year at a time. For investments of at least EUR 500,000 or creation of more than 50 full-time jobs, extensions of up to 3 years are available.

Renewal requires demonstrating continued compliance with the approved business plan, maintaining investment and job creation commitments, active shareholder or associate status with management duties, and proof of financial means. The Ministry of Economy conducts annual on-site verifications for 3 years after the business plan endorsement.

Family Members

Spouses and dependent children may apply for family reunification through a separate long-stay visa application. Family members receive residence permits with validity aligned to the main applicant's permit. Each dependant must provide their own criminal record certificate, medical insurance, and proof of accommodation.

Tax Implications

Individuals spending 183 or more days per year in Romania become tax residents and are liable on worldwide income. The personal income tax rate is 10%. Corporate income tax is 16%. Microenterprises with annual turnover up to EUR 100,000 pay a simplified 1% turnover tax (as of 2026). Social contributions apply to employment income.

Application Process

Stage 1 — Business Plan Endorsement: Submit a detailed business plan to the Ministry of Economy, Entrepreneurship and Tourism (Department for Foreign Investment) for the specialized technical endorsement. The Ministry evaluates the technical, economic, and utility feasibility of the proposed investment. Initial analysis takes approximately 15 working days, with the commission decision communicated within 30 days. The endorsement is valid for 6 months.

Stage 2 — Long-Stay Visa: Apply at a Romanian embassy or consulate abroad, submitting the endorsement along with a criminal record certificate, medical insurance, and passport. The National Visa Center forwards the request to the General Inspectorate for Immigration, which issues its opinion within 30-45 days. The visa application fee is EUR 120.

Stage 3 — Residence Permit: After entering Romania, register with the territorial unit of the General Inspectorate for Immigration and apply for the temporary residence permit before the visa expires. The company must be registered with the Trade Registry, and the applicant must hold a formal management position within the company.

Path to Residency

After 5 continuous years of legal temporary residence (with absences not exceeding 6 consecutive months or 10 months total), holders may apply for long-term residence. Those who have actively contributed to Romania's economy may qualify for permanent residence after 4 years. Long-term residents receive equal treatment to Romanian citizens regarding employment, education, and social security.

Links

Other Digital Nomad Visas in Europe

Country
Program
Income
Investment
Funds Required
Capital Required
Duration
Dependants

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🇦🇹 Austria

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🇦🇹 Austria

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Yes

🇦🇹 Austria

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🇦🇹 Austria

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🇧🇾 Belarus

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🇧🇾 Belarus

Investor Permanent Residence Permit

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🇧🇪 Belgium

Professional Card for Entrepreneur

$26,868

1 year — 5 years

Yes

🇧🇪 Belgium

Rentier Residence Permit

$18,551 / year

1 year

Yes

🇧🇬 Bulgaria

Continuous Residence Permit for Pensioners

$8,753 / year

1 year

Yes

🇧🇬 Bulgaria

Digital Nomad Residence Permit

$36,482 / year

1 year — 2 years

Yes

🇧🇬 Bulgaria

Investor Residence Permit

$602,353

1 year — Permanent

Yes

🇧🇬 Bulgaria

Startup Visa

$2,188

1 year — 3 years

Yes

🇭🇷 Croatia

Temporary Stay for Other Purposes (Property Ownership)

$11,167 / year

1 year

Yes

🇭🇷 Croatia

Temporary Stay of Digital Nomads

$46,518 / year

1 month — 18 months

Yes

🇨🇾 Cyprus

Category D Immigration Permit

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Yes

🇨🇾 Cyprus

Category F Immigration Permit

$11,266 / year

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Yes

🇨🇾 Cyprus

Digital Nomad Visa

$49,412 / year

1 year — 3 years

Yes

🇨🇾 Cyprus

Permanent Residence Permit for Investors

$352,941

Permanent

Yes

🇨🇾 Cyprus

Startup Visa

$23,529

3 years — 5 years

Yes

🇨🇿 Czech Republic

Digital Nomad Program

CZK 69,248 / month

1 year — 3 years

Yes

🇨🇿 Czech Republic

Long-Term Residence Permit for the Purpose of Investment

CZK 75,000,000 one-time

2 years

Yes

🇪🇪 Estonia

Digital Nomad Visa

$63,529 / year

90 days — 1 year

Yes

🇪🇪 Estonia

Residence Permit for Major Investor

$1,176,471

5 years — 10 years

Yes

🇪🇪 Estonia

Startup Visa

1 year — 5 years

Yes

🇫🇮 Finland

Residence Permit for Work in Culture or Arts

$20,654 / year

1 year — 4 years

Yes

🇫🇮 Finland

Startup Residence Permit

2 years — 4 years

Yes

🇫🇷 France

Carte de Sejour Temporaire Visiteur

$20,373 / year

1 year

Yes

🇫🇷 France

Talent Porteur de Projet — Business Creation

$35,294

4 years

Yes

🇫🇷 France

Talent Porteur de Projet — Direct Economic Investment

$352,941

4 years

Yes

🇫🇷 France

Talent Porteur de Projet — Innovative Economic Project (French Tech Visa)

No minimum investment req...

4 years

Yes

🇫🇷 France

Talent — Artistic and Cultural Profession

$18,015 / year

4 years

Yes

🇫🇷 France

Talent — International Reputation

4 years

Yes

🇩🇪 Germany

Opportunity Card (Chancenkarte)

Must prove sufficient fun...

1 year

No

🇩🇪 Germany

Freelance Residence Permit

No fixed statutory minimu...

1 year — 3 years

Yes

🇩🇪 Germany

Residence Permit for Financially Independent Persons

No fixed statutory minimu...

1 year — 3 years

Yes

🇩🇪 Germany

Self-Employment Residence Permit for Business Founders

No fixed statutory minimu...

1 year — 3 years

Yes

🇩🇪 Germany

Settlement Permit for Highly Qualified Professionals

Permanent

Yes

🇬🇷 Greece

Digital Nomad Visa

$49,412 / year

1 year — 2 years

Yes

🇬🇷 Greece

Golden Visa (Permanent Residence Permit for Investor)

$470,588

5 years — Permanent

Yes

🇬🇷 Greece

Residence Permit for Financially Independent Persons

$49,412 / year

3 years — Permanent

Yes

🇬🇷 Greece

Talent Visa

1 year

Yes

🇬🇬 Guernsey

Guernsey Entrepreneur Visa

$273,973

2 years — 5 years

Yes

🇬🇬 Guernsey

Guernsey Investor Visa

$1,369,863

2 years — 5 years

Yes

🇭🇺 Hungary

Guest Investor Residence Permit

$294,118

10 years

Yes

🇭🇺 Hungary

Guest Self-Employment Residence Permit

No fixed capital requirem...

1 year — 3 years

Yes

🇭🇺 Hungary

White Card

$42,353 / year

1 year — 2 years

No

🇮🇸 Iceland

Long-Term Visa for Remote Work

ISK 1,000,000 / month

90 days — 180 days

Yes

🇮🇪 Ireland

Stamp 0 (Person of Independent Means)

$58,824 / year

1 year

No

🇮🇪 Ireland

Start-Up Entrepreneur Programme (STEP)

$58,824

2 years — 5 years

Yes

🇮🇲 Isle of Man

Innovator Visa

$68,493

3 years — Permanent

Yes

🇮🇲 Isle of Man

Start-Up Visa

$1,295

2 years

Yes

🇮🇹 Italy

Digital Nomad Visa

$29,164 / year

1 year

Yes

🇮🇹 Italy

Elective Residence Visa

$36,471 / year

1 year — 2 years

Yes

🇮🇹 Italy

Investor Visa for Italy

$294,118

2 years — 3 years

Yes

🇮🇹 Italy

Italia Startup Visa

$58,824

1 year — 3 years

Yes

🇯🇪 Jersey

High Value Residency Programme

$4,794,521

Permanent

Yes

🇽🇰 Kosovo

Self-Employment Work Permit

No fixed minimum capital....

1 year — 5 years

Yes

🇱🇻 Latvia

Investor Residence Permit

$58,824

5 years

Yes

🇱🇻 Latvia

Long-Stay Visa for Remote Work

$59,478 / year

1 year — 2 years

No

🇱🇻 Latvia

Startup Visa

$3,294

3 years

Yes

🇱🇻 Latvia

Temporary Residence Permit for Pensioners

$15,544 / year

5 years

Yes

🇱🇮 Liechtenstein

Residence Permit Without Gainful Employment

CHF 100,000 / year

1 year

Yes

🇱🇹 Lithuania

Startup Visa

$1,176

1 year — 2 years

Yes

🇱🇺 Luxembourg

Investor Residence Permit

$588,235

3 years

Yes

🇱🇺 Luxembourg

Job Seeker Authorisation

Must prove sufficient res...

9 months

No

🇱🇺 Luxembourg

Residence Permit for Private Reasons

$38,174 / year

3 years

Yes

🇱🇺 Luxembourg

Self-Employed Worker Residence Permit

No fixed minimum — adequa...

3 years — 5 years

Yes

🇲🇹 Malta

Global Residence Programme

$17,647 / year

1 year — Permanent

Yes

🇲🇹 Malta

Malta Permanent Residence Programme

$80,000

Permanent

Yes

🇲🇹 Malta

Malta Retirement Programme

$8,824 / year

1 year — Permanent

Yes

🇲🇹 Malta

Nomad Residence Permit

$49,412 / year

1 year — 4 years

Yes

🇲🇹 Malta

Startup Residence Programme

$29,412

3 years — 8 years

Yes

🇲🇹 Malta

The Residence Programme

$17,647 / year

1 year — Permanent

Yes

🇲🇹 Malta

United Nations Pensions Programme

$11,765 / year

1 year — Permanent

Yes

🇲🇩 Moldova

Digital Nomad Visa

$35,788 / year

2 years

Yes

🇲🇩 Moldova

Investment Residence Permit

$31,765

2 years — 8 years

Yes

🇲🇨 Monaco

Residence Permit for Persons Without Professional Activity

No fixed minimum. Applica...

1 year — Permanent

Yes

🇲🇪 Montenegro

Digital Nomad Residence Permit

$28,376 / year

2 years — 4 years

Yes

🇲🇪 Montenegro

Temporary Residence and Work Permit for Entrepreneurs

No minimum capital requir...

1 year

Yes

🇲🇪 Montenegro

Temporary Residence Permit for Property Owners

$176,471

1 year

Yes

🇳🇱 Netherlands

Orientation Year Residence Permit

1 year

Yes

🇳🇱 Netherlands

Startup Residence Permit

$24,494 / month

1 year

Yes

🇲🇰 North Macedonia

Personal Work Permit for Self-Employment

No fixed minimum; must de...

1 year — 3 years

Yes

🇳🇴 Norway

Self-Employment Residence Permit

No fixed capital requirem...

1 year

Yes

🇵🇹 Portugal

D7 Passive Income Visa

$12,988 / year

2 years — Permanent

Yes

🇵🇹 Portugal

D8 Digital Nomad Visa

$51,953 / year

1 year

Yes

🇵🇹 Portugal

Golden Visa

$588,235

2 years — Permanent

Yes

🇵🇹 Portugal

Job Seeker Visa

$10,729 / month

120 days — 180 days

No

🇵🇹 Portugal

Residence Permit for Highly Qualified Activity

$22,744 / year

2 years — Permanent

Yes

🇵🇹 Portugal

StartUP Visa

$7,584

2 years — Permanent

Yes

🇷🇴 Romania

Digital Nomad Visa

$79,765 / year

6 months — 1 year

No

🇷🇴 Romania

Long-Stay Visa for Commercial Activities

$117,647

1 year — 3 years

Yes

🇷🇺 Russia

Impatriation Residence Permit

3 years — Permanent

Yes

🇷🇺 Russia

Investor Residence Permit

RUB 15,000,000 one-time

Permanent

Yes

🇸🇲 San Marino

Atypical Residence for Pensioners

$141,176 / year

10 years — Permanent

Yes

🇸🇲 San Marino

Elective Residence

$588,235

10 years — Permanent

Yes

🇸🇲 San Marino

High-Tech Startup Residence

$1

1 year — Permanent

Yes

🇷🇸 Serbia

Investor Temporary Residence Permit

$58,824

6 months — 3 years

Yes

🇷🇸 Serbia

Property Ownership Temporary Residence Permit

Ownership of residential ...

3 years

Yes

🇷🇸 Serbia

Startup Temporary Residence Permit

1 year — 3 years

Yes

🇷🇸 Serbia

Talent Temporary Residence Permit

1 year — 3 years

Yes

🇸🇰 Slovakia

Temporary Residence for Business Purpose

$33,427

3 years

Yes

🇸🇮 Slovenia

Temporary Residence Permit for Digital Nomads

$45,487 / year

1 year

Yes

🇸🇮 Slovenia

Temporary Residence Permit for Other Justified Reasons

$6,974 / year

1 year

Yes

🇪🇸 Spain

Entrepreneur Visa

No fixed capital requirem...

1 year — 3 years

Yes

🇪🇸 Spain

International Telework Visa

$33,431 / year

1 year — 3 years

Yes

🇪🇸 Spain

Non-Lucrative Residence Visa

$33,882 / year

1 year — 2 years

Yes

🇸🇪 Sweden

Residence Permit for Job Seeking

Must prove sufficient fun...

9 months — 1 year

Yes

🇸🇪 Sweden

Residence Permit for Highly Qualified Persons

9 months

No

🇸🇪 Sweden

Self-Employment Residence Permit

SEK 200,000 one-time

1 year — 2 years

Yes

🇨🇭 Switzerland

Residence Permit Without Gainful Employment

CHF 25,200 / year

1 year — 5 years

Yes

🇺🇦 Ukraine

Immigration Permit for Highly Qualified IT Specialists

Permanent

Yes

🇺🇦 Ukraine

Immigration Permit for Investors

$100,000

Permanent

Yes

🇺🇦 Ukraine

Temporary Residence Permit for Investors

$117,647

2 years

No

🇬🇧 United Kingdom

Global Talent Visa

1 year — 5 years

Yes

🇬🇧 United Kingdom

High Potential Individual Visa

2 years — 3 years

Yes

🇬🇧 United Kingdom

Innovator Founder Visa

No minimum investment req...

3 years — Permanent

Yes