According to the Business Angels Law, any person could became an individual investor (business angel), if meets a set of conditions. The first condition is not to have shares in a company, followed by the condition of participating in the joint stock increase of the company with an amount between EUR 3,000 and EUR 200,000, with the limitation of owning less than 49 pct of the above mentioned joint stock.

The business angel should not have bad tax records and should not be “incapable”. The persons with criminal records have no chance in becoming business angels. The fiscal benefits include the tax exemption for dividends for a period of three years and the tax exemption for the positive difference resulted from the cession of shares, if the shares transfer takes place after at least three years from acquisition. (source: zf.ro)