Cross-border desk initiated by audit and consultancy firm Forvis Mazars in joint German-Romanian effort
==============================================================================================
Forvis Mazars, a leading accounting and consulting firm, has announced the launch of its International German-Romanian Desk. This new initiative aims to provide seamless, cross-border solutions for German and Romanian businesses engaged in international transactions and growth between the two countries.
The Desk is a joint venture involving Forvis Mazars in Germany, Forvis Mazars in Romania, and the Romanian law firm Iablonschi & Associates. This collaboration brings together multidisciplinary expertise to cover all client needs across taxation, corporate governance, transaction support, and legal proceedings.
Edwin Warmerdam, Partner and Head of Tax at Forvis Mazars in Romania, emphasized the Desk's role in simplifying the complexities of cross-border tax compliance. Alexander Labus, Law Partner at Forvis Mazars in Germany, added that the firm has access to over 170 lawyers advising across all areas of German and international commercial and tax law. Ionuț Iablonschi, Managing Partner at Iablonschi & Associates, expressed the collaboration as a strategic step towards a long-term partnership.
The Desk offers comprehensive support to German companies operating in or entering the Romanian market, as well as Romanian businesses expanding into Germany. It provides services such as corporate structuring and governance, transactional support, and legal proceedings and conflict resolution. The aim is to simplify and accelerate business expansions and investments between Germany and Romania by offering practical, strategically oriented guidance and hands-on support throughout the lifecycle of international business activities.
The Desk's integrated team of professionals from both countries provides clear, strategic guidance that minimizes risk, ensures compliance, and supports sustainable growth. This combined local expertise with a deep understanding of both German and Romanian tax systems aims to offer clear, strategic tax guidance.
Trade between Romania and Germany reached EUR 42.1 billion in 2024, maintaining Romania's position as Germany's 17th-largest trading partner. Germany is Romania's largest trading partner, holding investments totaling EUR 17.1 billion. The Desk's launch on June 19, 2023, marks a strategic move to strengthen business ties between the two countries.
The Desk continues to work with an integrated team of professionals from both countries, providing support to businesses looking to expand their operations across borders. Dino Ebneter, Country Managing Partner of Forvis Mazars in Romania, stated that the Desk is a strategic move to strengthen business ties between Germany and Romania. Iablonschi & Associates shares values and a commitment to client service with the Forvis Mazars team, as stated by Ionuț Iablonschi.
Footnotes
[1] Forvis Mazars, Press Release, June 19, 2023.
- The Forvis Mazars International German-Romanian Desk, a collaboration between Forvis Mazars in Germany, Forvis Mazars in Romania, and Iablonschi & Associates, offers integrated services in finance, business, and industry to streamline cross-border transactions between German and Romanian companies.
- The Desk's extensive knowledge of the German and Romanian finance, business, and industry sectors is instrumental in providing practical, strategically oriented guidance to German companies operating in Romania, Romanian businesses expanding into Germany, and businesses looking to cross-border investment opportunities between the two countries.
