Romania Archives - Szilaghi Consulting

Tax benefits for establishing a holding company in Romania.

January 28, 2023January 28, 2023

In practice, there are groups of companies established by entrepreneurs, which were created ad hoc, exploring and exploiting business opportunities. Thus, inevitably, any entrepreneur who owns several entities, ends up wondering and analyzing the benefits of establishing a holding. The main question is, especially, where to establish such a company. Is Romania a favorable jurisdiction in this sense? The end of 2022 represents a good … Continue

How do sites get blacklisted and what are the steps to follow to get legal

January 14, 2023

Opened in July 2015, the Romanian gambling blacklist includes today more than 1,383 domains that are, or were at one time, used to provide unlicensed betting. Although some sites still slip through the ONJN net, the list is quite complete to help users avoid fines of up to 10,000 RON and the complications of a tax investigation, associated with placing bets on unlicensed platforms. The … Continue

GO no. 15/2022: modification of the licensing and authorization fees for gambling organizers

January 14, 2023

Government Ordinance no. 15/2022 amends and completes the Government Emergency Ordinance no. 77/2009 regarding the organization and operation of gambling and was published in the Official Gazette no. 716 of July 15, 2022 introducing the following changes: Contact Us to Start Your Gaming Company Today Szilaghi Consulting has worked in the gaming business for over 18 years. Contact us today to find out how we can assist you … Continue

Gambling companies have to pay the new culture tax.

December 23, 2022

Gambling companies will be obliged to pay a new tax for culture, according to Law 286/2022, which is in force from November 3, 2022. But gambling consultants draw our attention to the fact that in the absence of procedural rules, the application of this regulation vague will be difficult to apply. Thus, the new law establishes that all gambling companies must pay a contribution of … Continue

Licensing conditions for B2B affiliate sites in Romania

May 30, 2022

Licensing conditions for B2B affiliate sites in Romania are quite harsh if we only think that the annual fee is 6,000 euros. The current article is to inform those who want to apply for the Class 2 License – Affiliates – what they need and what information they are interested in from the methodological rules. With the regulation of online gambling, it is very likely … Continue

Why are Online Slots so popular in Romania?

May 9, 2022

To find out why are online slots so popular in Romania, we need to first understand what they are, and how they work. So, our experts have prepared a complete article in which you will find out everything about online slots. How do online slots work? All the platforms that operate legally in Romania have behind them certain service providers in the area of online … Continue

Romanian Gaming Regulator issued money-laundering prevention instructions for gambling companies

January 14, 2022January 7, 2022

Gambling companies are required to develop their own policies and rules for identifying and managing the risk of money laundering and terrorist financing, both in terms of customers, activities performed, and types of transactions.

Which games of chance require a gaming license in Romania

April 14, 2021

Gambling is defined as that commercial activity that cumulatively meets the following conditions: material winnings are awarded, usually in cash, as a result of the public offer by the organizer of a potential win and acceptance of the offer by the participant, with a fee of direct or hidden participation, the winnings being attributed by random selection of the results of the events that are … Continue

Gambling Joint Venture in Romania

June 12, 2020

Due to the fact that the gambling special regulation in Romania allows the exploitation of gambling, jointly or not, between an organizer and one or more economic operators or individuals between whom there is a contract concluded under the law, the most practical form the exploitation of gambling is represented by the joint venture. According to the legal provisions, this type of contract includes mandatory … Continue

Taxation of sports betting organizers in 2020

March 13, 2020

In Romania, the specific taxes for sports betting activity and the payment terms, are provided in the special regulations, the fiscal procedures, and practices that are found in the common regulations, in the form of fiscal and accounting procedures. This article will summarize the gambling activity of the traditional bets type, with all the three components: mutual bets, counterparty bets, and fixed odds bets. Specific … Continue

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