Over the last years, the eShop business has been booming in Romania. According to reports and estimates of the biggest players in the Romanian electronic commerce, online shopping value exceeded the threshold of EUR 1.8 billion in 2016, almost 30% more than in 2015, when there was a threshold of EUR 1.4 billion. On average, this would mean that Romanians spend approx. 5 million each day for shopping via the Internet. In addition, the 1.8 billion figure refers only to physical products sold online and not to services (payment of utility bills, air tickets, tickets to shows or events, hotel reservations, holidays and travel) so if we add the last ones, the total value of online purchases would increase considerably.
Influenced by this trend, a number of Romanian, as well as foreign companies are considering their entrance on the scene of the eShop business. To be successful, many factors must be observed and constantly improved. The key drivers from the business perspective are high quality goods, customer service, technologies and marketing. But there are also legal and tax aspects that should be observed and set up in a right way.
To provide indication of the main areas to be observed in the legal and tax fields, we would like to present you our “eCommerce in Romania – Main Legal and Tax Aspects | eBook”. It was prepared not only for the newcomers, to introduce them the main pitfalls that should not be forgotten, but also for the experienced players who might want to double check whether the approach currently applied is correct. Our brochure was not meant to offer a comprehensive guide on how to run an eShop in Romania, but it rather provides a brief overview of issues that the eShop will come across while carrying out its daily activities.
And what can we do for you in this area? Our team of experienced legal and tax consultants is prepared to offer assistance with correct legal and tax set up of your eShop to be selling on the Romanian market. We may help you not only with the eShop establishment and required registrations. More importantly, we may assist you with designing the purchase and sales flows, solving the issues connected with e.g. contractual documentation, consumer protection, information duty, personal data protection, creating relevant legal and tax documentation, tax compliance, if relevant, and many others.