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Retiring in Romania

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Dan1966
3/4/2014 09:09 EST

I am contemplating buying a vacation home in Transylvania and eventually, either retiring permanently, or just spending the summers there; haven't decided yet, I have another 5-6 years to decide. Do the Romanian laws allows the Government to tax my retirement income? I will be paying income taxes in the US and wonder if am being exposed to double taxation of my income which will be mainly 401k, Social Security and investment dividends. Also, how are the property taxes calculated? Anyone with knowledge of these issues is welcome to comment. Thank you kindly.

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tadders52
3/4/2014 10:11 EST

Hi,
I am a Canadian and have the same idea as you. My wife and I arrived in Transylvania three weeks ago. We have rented a house for a year to see if we like it and will then decide if we want to buy. I am in the process of getting a long term visa and then we will see. I can try to pass on experiences as we proceed if you like.
Cheers,

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Dan1966
3/4/2014 16:43 EST

Thanks so much for your prompt replay. I wish you good luck in your new adventure and as you find time please update me with details about life in Romania.

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ajc994
3/5/2014 04:34 EST

I'd be very interested in the reply too. I've posted a threat a few days about about buying land in Transylvania and our plans are also to retire there in about 5/6 years time. We're looking to build our own house so we're in the process of buying land at the moment.
I hadn't considered the tax situation although friends retired in Transylvania and they haven't mentioned any double taxation. I'm guessing it's not the case but i'll try to find out too.

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Dan1966
3/5/2014 12:26 EST

Hi AJC, (any connection with ajc.com? LOL) That sounds like a great idea but perhaps a monumental undertaking, unless you are connected with a trustworthy construction company that would handle the whole process for you. We were thinking that would be more fun to buy an old house and restore it to its former glory adding all the modern amenities and conveniences. Although personally I’m not gifted when it comes to constructions and will have to totally rely on others expertise and craftsmanship. Good luck and keep in touch!

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ajc994
3/17/2014 14:01 EST

Hi Dan
we're looking at building a Strongwood log home but using local builders. We've found a fabulous lady that lives in transylvania who is a project manager and will work on our behalf to ensure it's all done properly. if you google Adriana Horstman you'll find her. She maybe able to advise you too about your plans. She's VERY knowledgeable about all things to do with building etc in Transylvania. She's actually dutch but speaks perfect English

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Dan1966
3/18/2014 17:36 EST

Thanks so much for the tip; will look her up!

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OanaHanganu
4/25/2014 02:52 EST

Hi, I would advise going with a local respected agent and also with signed contracts. Regarding the construction, please note that it is very important to also have documents and not pay large advances. The problem is that many small companies went out of business and you may be at a loss. It is probably safer to buy something existing and do improvement work.
I am Romanian living in Bucharest and have expertise as a developer and relocation agent for 20 years. If you need any help you can message me

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Canuckinromania
7/4/2016 00:03 EST

Good day, I'm a Canadian living in Romania now for 4 years. We have built a very nice executive home in Ivo, Transylvania. "izvoare" area. The land is 2000 m2the home is 350 m2, it's a beautiful ski area with Deer ( Red & Roe) right in front of our house, wild boar, bear & wolf close by.....surrounded by forest & streams
We have now been stationed to Bahrain & must sell our home, for 170000 euro completely furnished. My email is
The home is of very high quality with a creek & spring fed well. Please contact me by email & I will send over some photos ( the home is modern & stunning )

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lavergnecesari002
7/17/2016 18:37 EST

Oferta Împrumuturi

Whatsapp : +33756932856


<3 <3 Bun? m? întorc la toate persoanele în nevoie pentru lor faptul share <3 c? am face împrumuturi de bani de la 3000€ la 950.000€ pentru toate persoanele în m?sur? s? ramburseze cu o rat? a dobânzii de Dublu la 2% pe an ?i un timp variind de la 1 la 15 ani, în func?ie de suma solicitat?. Ceea ce fac în urm?toarele domenii :- Împrumut Financiar - Împrumut imobiliare - de investi?ii de Împrumut - Împrumut <3 :D auto - consolidare a Datoriei - salvare de credit - Credit de nevoi personale - sunte?i blocat Dac? sunte?i cu adev?rat în nevoie, v? rug?m s? scrie?i-m? pentru mai multe informa?ii. :D te rog, contacta?i-m? prin e-mail: :P

E-mail : sau <3 Whatsapp : +33756932856

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outofba
7/23/2016 18:07 EST

Lavergnecesari002

I'd appreciate your reply in English.

Gracias

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Canuckinromania
7/24/2016 08:23 EST

Please contact me direct at

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johnkorst
7/24/2016 15:51 EST

My reading of GoogleTranslate is that this message is a spam offer of a loan.
Cheers.

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Canuckinromania
7/24/2016 23:26 EST

Yes it seems that way it's spam for a loan sadly...

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