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If you are interested in hiring a remote team in Romania, or even just individual remote employees in Romania, then you have come to the right place!
Rivermate is an Employer of Record (EOR) that offers Romania payroll solutions. As a Romania payroll provider, we will cover everything from salary, benefits, employer-to-employee contributions, and especially payroll compliance in Romania. We are confident Rivermate’s payroll solutions Romania will help you grow as a business—because now, you won’t have to worry about your payroll solutions Romania. We take care of everything payroll!
With Rivermate, you can run Romania payroll services in just one click—regardless of currency, benefits, insurance, and your local labor laws. Everything is automated. Our priority is for you to focus on your company’s strategy and growth.
Our Rivermate Global Payroll services are made especially for startups and scaleups. We know that startups try to be extra prudent when it comes to choosing a payroll provider, so it is our mission at Rivermate to be your most reliable and cheapest payroll provider option. So if you’re looking for global payroll providers for small businesses, look no further and book a call with us now!
You must incorporate your subsidiary before you can set up your Romania payroll. You'll need registered capital, management, registered offices, assets, a Romania bank account, and the names of directors and shareholders to do this. All businesses in the country must register with the National Office of the Trade Register and the Labor Chamber.
As part of Romania payroll laws, employers must contribute varying percentages of their employees' salaries. Employers, for example, must typically pay 4% of an employee's salary to the state social security fund, with the remaining 2.25% going to Romania's work insurance.
Employees must also make tax contributions to the above-mentioned funds. They pay 25% of their salary toward social security and 10% toward health insurance.
Companies that wish to expand their operations globally have four different payroll options in Romania. These payroll options are:
1. Internal Payroll. This payroll option is applicable for already established companies in Romania. It includes devoting an entire Human Resources staff to running the company's payroll procedures.
2. Remote Payroll. Smaller firms may lack the capacity to handle their own payroll, but they may add their workers to the parent company's payroll. This action, on the other hand, requires considerable thinking. You must guarantee that you follow the rules and laws of each nation.
Working with a local outsourcing firm is one method to retain money in the local economy, but you'll still need to study all of the local rules and regulations, since you'll be held responsible.
3. Romania payroll outsourcing: Outsourcing your payroll to an Employer of Record in Romania, such as Rivermate, is another alternative for Andorra payroll outsourcing. We can manage all aspects of your payroll, including compliance. Send us a note and we'll get back to you as soon as possible!
It is the obligation of the employer to ensure that all payroll-related transactions are properly documented and recorded. All salaries and compensation payments must adhere to the local minimum wage as well as other applicable laws and regulations.
Rivermate's payroll services in Romania can assist you in staying in compliance with the country's ever-changing payroll rules. We provide an all-inclusive solution that covers everything from compliance and reporting to salary payments.)
Companies that have a business presence in Romania have different ways of managing payroll. However, most of the options you have for running payroll in Romania are either expensive or require establishing a subsidiary in Romania. The cheapest, most efficient, and most reliable payroll processing system in Romania is by outsourcing payroll to Employers of Record (EOR) in Romania. Rivermate is one of those Employers of Record.
At Rivermate, we offer you the most efficient, most compliant, and cheapest HR and Payroll Management services in Romania. We do this by taking care of your payroll-related needs, such as keeping track of your employees’ financial records, including incentives, gross and net salary, and payslips, all the while staying compliant with the labor laws in Romania. Because we do your online payroll management for you, you can have absolute focus on your business’ strategy and growth.
Rivermate is all about growth through collaboration and we achieve this by offering the most reliable yet cheapest services for managing payroll for small businesses in Romania.
There are three sorts of termination: legitimate; based on the parties' consent, on the date agreed upon by them; and as a result of one of the parties' unilateral will, under the circumstances and within the time limits specified by law (resignation, dismissal, etc).
Except for terminations during the trial period, the Employer's written decision is always necessary. The employment contract may be terminated during the trial period upon the written request of either party (the Employer or the employee), and no notice period is necessary.
Romania has two minimum gross wages guaranteed in payment. For full-time employees or those who work schedule of 8 hours per day, from Monday to Friday, the minimum wage is RON 2,230 a month. For employees assigned in positions for which higher education studies are required and have at least one year of seniority in the higher education area, the minimum wage is RON 2,350 a month.
The minimum gross wage is amended yearly under the conditions of law.
The standard workweek is 40 hours spread over five days, but employees under the age of 18 may work up to 30 hours spread over six days. The standard workday is eight hours, but some flexible scheduling arrangements that spread out time throughout the week are permitted.
Romania has universal free healthcare, although many treatments must be paid for in advance and then reimbursed. Private clinics and providers are also available. As an employee benefit, several companies offer private health insurance. Furthermore, the quality of treatment in government institutions is not always up to Western standards, therefore workers may want to consider purchasing private health insurance.
Employers generally do not offer additional private health insurance coverage. Meal coupons are a tax-free incentive that is often provided to workers in Romania.