Romania - Limitations on Selling US Products and ServicesRomania - Limitations
As a general rule, there are no absolute restrictions regarding the sale of U.S. products and/or services in Romania. However, applicable legislation does provide specific requirements for the manufacturing, import, trade, sale, and supply of certain products and services in the country. Foreign entities and individuals may need to obtain certain authorizations, licenses, permits, endorsements, and/or approvals and, as the case may be, to set up local/EU subsidiaries. Some noteworthy examples are:
- Pharmaceutical products may only be imported and sold in Romania if they are authorized for marketing in the country and their price is approved by the Romanian Ministry of Health.
- Medical devices can only be placed on the Romanian market if they bear the CE marking.
- Food supplements must be notified and approved by the local regulatory authorities in order to be traded in Romania.
- Imports and sales of firearms, ammunition, and explosives are subject to specific licenses and authorizations.
- Transportation, telecommunications, and audiovisual services are subject to licensing in Romania.
- Trade in nuclear products has a specific legal regime and requires mandatory authorizations.
- The trade, supply, distribution, transmission, and generation of energy generally require specific authorizations and a physical presence in Romania (subsidiary, branch, office, etc.).
- For financial services, capital market activities, payments, and e-money institutions, a U.S. entity must obtain specific authorizations and have a subsidiary located in Romania or another EU member state.