More Group of Companies

What More Group of Companies does

More Consulting, the operating brand of More Group of Companies, is a Bucharest-based boutique consulting firm that helps foreign entrepreneurs, freelancers, e-commerce operators, and expatriate workers establish and operate businesses in Romania. Founded in 2004 by brothers Ilias Papageorgiadis (CEO) and Grigoris Papageorgiadis (Director of Operations), the firm has positioned itself as a one-stop shop for Romanian market entry, offering company formation, bank account opening, registered headquarters, accounting and legal services, fiscal residency, residence permits, and commercial penetration support. The core value proposition is privileged access to Romania's favorable tax regime — 1-3% on revenues up to €250,000, 16% on profits above, 5% dividend tax, and 0% on foreign-sourced income for fiscal residents — packaged with 3-5 working day formation timelines and a 100% stated success rate on VIES/VAT code issuance.

The operating model is service-led rather than technology-led: there is no proprietary platform, and delivery is conducted through virtual consultations, direct client engagement, and a curated partner ecosystem of 10+ Romanian and international banks, top-three accounting firms, law firms, and IP specialists. Revenue is generated through professional service fees on a quote-based pricing model, with no disclosed pricing publicly. The firm is privately held, founder-owned, and operates without external capital. Customer segments span Greek-speaking entrepreneurs (the primary market), freelancers and online service providers, e-commerce operators, shipping/offshore workers, and investors seeking greenfield or commercial real estate exposure in Romania.

Group-level track record includes prior Romanian ventures that reached top 10 in real estate (per EY ranking, 2009-2011), top 5 in renewable energy (2012-2013), and one of the two largest organic fruit and vegetable distributors, plus a 2019 food sector project that captured 30% market share in under two years. The current consulting business is reported to have served 300-400+ clients across five countries over its 18+ year operating history. Headcount is small (under 20 people, with the core team plus Romanian experts), reflecting a boutique operating model rather than a scaled advisory practice.

Name

More Group of Companies

Legal name

More Consulting

Website

https://more-group.eu

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

More Consulting is a Bucharest-based boutique firm that helps Greek and international entrepreneurs establish and operate Romanian companies, providing formation, banking, accounting, fiscal residency, and market entry services.

Ownership category

akta.pro rank

Product category

Business Consulting Services

NAICS

Management Consulting Services (54161)

SIC

Services-Management Consulting Services (8742)

akta.pro primary industry

Corporate Strategy Advisory (BPAHADAA)

akta.pro secondary industries

Strategy & Corporate Development Consulting (BPAHACAA), Corporate Finance & Capital Advisory (BPAHADAB)

Keywords

• Company formation services
• Fiscal residency consulting
• Business advisory services
• Tax optimization consulting
• Corporate compliance services

Headquarters

HQ city

Bucharest

HQ country

Romania

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Company Formation Consulting: Professional consulting services for establishing companies in Romania, including formation, headquarters, bank accounts, legal and accounting services, fiscal residency, residence permits, and commercial penetration support. Revenue generated through service fees for consulting and implementation services.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

More Consulting (part of More Group of Companies) provides comprehensive company formation and business support services in Romania, including LLC (ΕΠΕ) registration, bank account opening, registered headquarters, accounting and legal services, fiscal residency setup, residence permits, branch/representative office establishment, and commercial market penetration support. The firm leverages Romania's favorable 1-3% revenue tax regime to help international entrepreneurs establish and operate businesses, with services delivered directly by an in-house team of Romanian experts backed by partnerships with top banks, accounting firms, and legal experts.

Product overview

More Consulting operates as a comprehensive consulting firm offering a unified suite of company formation and business support services in Romania. The core offering is Company Formation Services, which encompasses the complete setup of Romanian Limited Liability Companies (LLC/ΕΠΕ), complemented by a portfolio of add-on services including bank account opening, company headquarters solutions, accounting and legal services, fiscal residency assistance, residence permit services, branch/representative office setup, commercial market penetration, and investment advisory. Specialized variants address specific sectors including freelancers, e-commerce operators, and maritime/offshore workers. The firm also provides ongoing after-sales support, annual operational guides, and quarterly economic newsletters to clients.

Differentiator

Problem solved

Functional benefit

Brands

• MORE Real Estate Services: Real estate agency and consultancy services, reached top 10 of Romania according to EY.

Products and services

• Company Formation Services Complete company formation and registration services in Romania, including LLC (ΕΠΕ) setup, document preparation, NACE code registration, and ongoing compliance support, targeted at international entrepreneurs seeking to establish a Romanian entity.
• Bank Account Opening Services Facilitation of personal and corporate bank account opening in Romania through partnerships with 10+ international and local Romanian banks, including e-banking setup and multi-currency account management for newly formed companies.
• Company Headquarters Solutions Provision of physical (non-virtual) registered headquarters for Romanian companies, including registered address services, unique identification number rental agreements, and customized headquarters solutions based on business needs.
• Accounting and Legal Services Comprehensive accounting, tax compliance, tax optimization, customs, and legal services delivered through vetted Romanian partners, including intellectual property registration support at Romanian and European level.
• Romanian Fiscal Residency Services Assistance with obtaining Romanian fiscal residency status, including guidance through the application process, global income declaration in Romania, and zero-taxation benefits on income earned outside Romania for qualifying fiscal residents.
• Residence Permit Services Services for obtaining residence permits in Romania for EU and non-EU citizens, including visa applications, work permits, and documentation for hiring foreign employees, with bilingual Greek-English support.
• Branch/Representative Office Setup Services Setup of branches or representative offices for foreign companies wishing to establish a presence in Romania, including all necessary documentation and banking arrangements.
• Commercial Market Penetration Services Market entry and commercial penetration services for Romania including product placement in supermarkets, business development, market intelligence, feasibility studies, and sales and marketing support for foreign companies.
• Investment Advisory Services Comprehensive investment consulting in Romania covering greenfield industrial projects, commercial and residential real estate investments, agricultural land transactions, EU/national grants, and bank financing facilitation.

Quantifiable outcome

• 1-3% tax on revenues up to 1,000,000 EUR (compared to much higher rates in other European countries)
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and minor.

• Top Romanian Accounting CompaniescoreImplementation/ SI/ Consulting PartnerPartnership with one of the top 3 Romanian accounting companies plus 2 other professional accounting firms for book-keeping, taxation, tax compliance, and optimization services. These partnerships provide comprehensive accounting solutions for clients.
• Romanian Law FirmscoreImplementation/ SI/ Consulting PartnerPermanent collaboration with 2 lawyers and wide range of top legal experts for various sectors. Services include legal consultation, contract drafting, and intellectual property registration at Romanian or European level.
• Industrial/Logistic Real Estate ContractorminorStrategic or Co-development PartnerCollaboration with one of the top contractors of industrial and logistic spaces in Romania, who has built and delivered over 1,300,000 sq.m. of such properties. Used for greenfield investment projects.
• EU and National Grants ExpertsminorImplementation/ SI/ Consulting PartnerCollaboration with experts in submitting applications for EU and National Grants to support new investments or other projects. Successfully obtained financing for important projects.
• 10+ International and Local BankscoreOthersCollaboration with 10+ international and local banks (including Greek and Romanian banks) for bank account opening, financing, and banking services. Includes exchange rate optimization mechanisms for high-volume currency transactions.
• Top Romanian Intellectual Property ExpertminorImplementation/ SI/ Consulting PartnerCollaboration with one of the top experts in Romania for full services of Intellectual Property Registration at Romanian or European level.

Scale indicators7 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Crowe Romania: International audit, tax, and advisory network with Romania presence offering company formation advisory, tax compliance, and cross-border structuring — comparable in advisory scope and client profile.
• 1Office Group: Romanian business services firm offering company formation, accounting, HR/payroll, and virtual office services to foreign entrepreneurs and SMEs — directly comparable local competitor in the same niche.
• CSC Global (formerly Intertrust): Global provider of corporate, legal, and administrative services including entity formation, accounting, and tax compliance — operates in Romania and competes directly for cross-border entity setup and ongoing corporate administration mandates.
• TaxBack International: Tax services firm specializing in tax refunds and cross-border tax optimization, with notable operations in Romania — closely comparable on the tax-residency and expatriate-optimization niche.
• TPA Romania: Regional tax, accounting, and advisory firm with Romania operations serving cross-border clients on company setup, tax optimization, and compliance — comparable on tax advisory and company formation services.
• Vistra: International corporate services firm offering company incorporation, tax, accounting, and fiduciary services across 50+ jurisdictions including Romania — directly comparable for cross-border company formation and ongoing administration.
• TMF Group: Global corporate services provider with strong Romania presence offering company formation, accounting, tax compliance, and corporate administration — directly comparable full-stack offering targeting cross-border clients entering Romania and other emerging markets.

Broad incumbents

• Eurofast: Regional accounting, tax, and advisory firm with offices across Southeastern Europe including Romania — comparable full-service professional services firm with broader regional footprint.
• BDO Romania: Global audit and advisory network active in Romania providing tax, accounting, and corporate services — broader incumbent serving the cross-border advisory market.
• Mazars Romania: International audit and advisory firm with Romania operations offering tax advisory, company formation, and cross-border structuring — comparable as broader incumbent in the same advisory space.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/more-green-energy

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about More Group of Companies