Trend Invest is part of Trend Group, a leading Romanian residential developer and promoter, with more than 6 years local market knowledge. Because of that we have certain advantages over our competitors:

• ONLY 10% initial capital requirement (compared with the majority of our competitors who are asking 20-30% initial payment); this is KEY because it has a very positive impact on our client’s investment profitability and of course the cash flow.
• We are the developer or partner in the development. Having NO middleman involved sometimes we could provide special deals that NO agent can offer;
• Very diversified portfolio to suit any individual investment needs. As our property portfolio is very large we do not have to “push” a specific development; we would rather recommend the one that meets the investors needs;
• As “LOCATION, LOCATION, LOCATION” is key, the majority of our staff are native Romanians with extensive market knowledge. They would be your best guide during your journey. Their mission is to help you identify the best investment spots available on the Romanian market;
• Having offices and a strong selling force in Romania we could sometime help our clients sell their properties. In other words, we have the infrastructure that could very well be an EXIT route for our investors.
• Comprehensive end to end service package (including LOCAL MORTGAGES for residents and non residents). As we already work with the local mortgage brokers and the very banks that finance the developments we are in a very good position to recommend you very competitive financing options.

• Individual Investors (including investment clubs). Experienced or inexperienced investors looking to expand their property portfolio.
• Institutional Investors. Investment or pension funds seeking to realise attractive risk/high return investments.
• Financial Advisers, Mortgage Brokers and Legal Consultants - interested in identifying joint synergies and offer growth opportunities to their clients.
• Consortiums and High net worth Individuals seeking experienced and reliable partners to create joint ventures to take full advantage of the Romanian Property market potential.

All major carriers fly from major UK airports. British Airways and Tarom together with low-cost carriers like WizzAir, BlueAir, Ryanair offer direct flights to Bucharest in less than 3 hours.

Yes, you can just call your bank and do it. However, to save you time and especially money we could recommend reliable currency services. Comparing with the bank, YOUR BENEFITS could be: NO commission money transfer, excellent rates, forward contracts and hedging services.

Yes, both residents and non residents can raise money from Romania. 90% of the Romanian banking sector is owned by foreign banks: Erste Bank, Citi Bank, RBS, ING, Societe Generale, Raiffeisen, Alpha Bank, EFG group.

Trend Invest endeavours to recommend both residents and non-residents competitive financing solutions ensuring that all our clients take full advantage from the current opportunities within the Romanian real estate market. As we have direct links with the local banks which are financing our projects, for some of our developments, it is possible to rise up to 90% of the value of the apartments. For the others it is normal to have 75-85% LTV.

Yes, in most situations you are. It is your legal responsibility to pay taxes in Romania. Please see below some examples of different taxes you might incur when buying a property in Romania. As we are not tax advisers please note that this Q&A should be considered as guidance only.

When the off-plan property is completed there are two main taxes to budget for: the stamp duty of around 0.5% and a notary fee that ranges between 0.5% to 1% +VAT. In total you have to budget between 1.1 % and 2% of the value of the property.

If the property is financed by a mortgage then the mortgage must registered at the Land registry for a fee that ranges between 20-200 euros. To this you’ll add a notary fee that is negotiable but normally ranges from 0.15% to 0.20%+VAT of the value of the property.

Rental income earned by nonresidents is taxed at a flat rate of 16%, effective from January 2005. Around 25% of the gross rental income from immovable property is deductible (no documents needed). T simplify the calculation, if you calculate 16% of the remaining 75% then it means 12% of the total rental income earned.

A landlord in Romania has the legal obligation to pay the taxes levied on income from property, except in the case of a foreign landlord, when the tax is withheld and paid to the state by the person paying the revenue, meaning the tenant.

If the landlord is a company, the net rental income is taxed at 16% profit tax (rate as of 1 January 2005).Expenses incurred for deriving rental income are tax deductible. In their Articles of Association companies should have “rental activity” listed as their object of business in order to be allowed to let real estate property.

The annual tax is on the property as a principle is similar to what rates were in the UK.

Owners of buildings and special constructions are subject to building tax, irrespective of their location or function. For individuals, 0.5% per year is applicable on the value of buildings.

For companies, building tax is 1.5%. The building has to be revaluated every three years.

The land tax, same as the UK is very small, most of the times a few euros per year. It is calculated by a rather difficult formula. Any notary can give you in 10 minutes the exact figure that you have to pay.

For individuals the property incurs a selling tax that ranges between 2.3% to 3% of the market value of the property.

For companies capital gains obtained from sale of immovable property by corporations are included in ordinary profits and taxed at the standard rate of 16%. If the money is taken out as dividends then an extra 16% should be considered.

In both cases it is an unwritten rule that the notary fees are paid by the buyer.

Both the UK & Ireland have a double taxation agreement with Romania so that any tax deducted in Romania will be deducted from that due in your domestic jurisdiction.

As an individual, there are no restrictions for non-residents to own a property in Romania, however until approximately 2012 there are certain restrictions in owning the land. This is a standard protective procedure for new EU members and can be found in most of the recent EU members, e.g. Hungary, Czech Republic, Slovakia, etc.

The alternative to own both the Property and Land is to buy the property through a Romanian registered company. This is not something we recommend because of the high maintenance cost of the company.