Bucharest embraces digitalization for business permits
In a significant move to cut bureaucracy and boost the local business environment, Bucharest City Hall has announced a streamlined process for obtaining crucial documents such as construction permits, urban planning certificates, and postal number certificates.
Effective immediately, businesses and individuals will be able to acquire these documents directly and free of charge through the new MyEterra platform.
This initiative, highlighted by interim general mayor Stelian Bujduveanu, eliminates the prior requirement for applicants to provide land registry extracts or cadastral plans, marking a substantial reduction in administrative burden.
What this means for businesses eyeing Bucharest real estate
For companies seeking office space to rent in Bucharest, or looking to establish new warehouse facilities, this digitalization effort translates into tangible benefits:
Accelerated project timelines
The simplified permit acquisition process will significantly reduce the time required to secure necessary approvals for new constructions, expansions, or interior fit-outs of commercial properties. This means faster occupancy and quicker returns on investment for businesses and developers alike.
Reduced administrative burden & costs
By removing the need for physical documents like cadastral extracts and offering online access, businesses will save time, effort, and potentially associated costs with document preparation and submission. This streamlining allows companies to allocate resources more efficiently towards their core operations.
Enhanced investment climate
A more predictable and less bureaucratic permitting process enhances Bucharest's appeal as a business destination. This ease of doing business encourages both local and international investors to consider Bucharest for new projects, including large-scale office buildings, logistics parks, and retail developments, driving demand for premium commercial spaces.
Impact on Bucharest's office and warehouse market
This initiative is poised to positively influence Bucharest's dynamic real estate market. Developers will find it easier and quicker to initiate new projects, potentially leading to an increased supply of modern, high-quality office and warehouse spaces. For businesses, this means more options and potentially more competitive rental rates as the market adapts to faster development cycles.
It signals Bucharest's commitment to fostering a pro-business environment, making it an even more attractive hub for operations in Central and Eastern Europe.
Source: economica.net
