How can people buy a property in Romania?
Under the Romanian Constitution , foreign individuals are prohibited from owning a land in Romania. This limitation also applies to foreign companies. This restriction only concerns lands, foreigners may own buildings whilst on the land on which the building is located such citizens enjoy only a right of use for the entire building existence (superficies right).Foreign individuals and companies may establish a Romanian registered company. The cost of setting out a company is approximately US $500 and further US$ 300 per year to run the company. A Romanian business entity may own land in Romania without limitation.
