The Bucharest Stock Exchange (BVB) announced on Sunday the successful completion of the first direct fiscal registration of a non-resident investor – Quercus TFI, a Polish investment fund which has opted for direct registration, without a legal or fiscal representative, a press release informs.
According to the BVB, the direct registration took place at Bucharest’s District 2 Financial Administration and the registration certificate was released on February 11. Thus, non-resident investors can utilize a tested process for initial fiscal registration or can opt to fulfill fiscal obligations directly in Romania, in case they are already fiscally registered, Agerpres informs.
“We are happy to see that the legislative changes in Romania are investor-friendly. Although legislative changes are still necessary, the Romanian capital market has entered a favorable trajectory and offers attractive investment opportunities,” Marek Buczak, Head of Foreign Markets, Quercus TFI, stated.
The investors’ fiscal conformity is part of the project on eliminating the 8 Barriers that prevent the creation of a modern capital market in Romania. Introducing direct fiscal registration possibilities and simplifying the formalities needed, as well as lowering the registration time, have represented BVB’s priorities, having an impact on attracting investors on the Romanian capital market.