ZF English

Lower threshold for foreign investment

21.02.2003, 00:00 14

The minimal investment required from the foreign citizens that are or will become shareholders or partners of trading companies and at the same time hold or will hold management positions within these companies will be less than 100,000 euros. PM Adrian Nastase said the issue had been debated by the Government again, as promised after the meeting with Hungarian PM Peter Medgyessy in Satu Mare, with a reduction of this minimal threshold accepted. "We had trouble deciding whether to impose an overall lower threshold for all the countries or for all the nearby countries or set it according to the levels some of these countries impose for Romanians," Adrian Nastase was quoted as saying by Mediafax. The PM specified there were "certain technical problems" he hoped would soon be addressed. "The threshold will see a substantial cut, and may go as low as to match the regulations Hungary has for Romanians," Nastase added. Hungary's minimal threshold for foreign investors is 15,000 euros, while Czech Republic's is 25,000 euros. ZF



 

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