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Limited Liability Company Romania – SRL

The SRL is the Romanian equivalent of the limited liability company. It is one of the most commonly used business forms in the country, and it offers unique advantages, among which low taxation regime, especially when opting for the micro-company taxation regime (for qualifying small companies). In this article, our team of…

Open Joint Stock Company in Romania | Set up SA Company

A joint stock company is a limited liability corporation with a registered capital of a minimum of 90.000 RON (approximately 18,000 EUR) and with at least two shareholders. It is a preferred business form for large corporations that will be offering their shares to the public. Our team specializing in company formation in…

Open Subsidiary in Romania

An overseas corporation has multiple options if interested in opening a secondary office in Romania. Among all the alternatives our Legal System provides, we can easily distinguish between two general types. One category gathers business entities with legal personality and the other one includes those offices without legal personality. Prior to…

Company Branch Romania

As opposed to the status of subsidiaries, the branch is just an extension of the parent company and therefore has no legal personality and no independence. Law no. 105/1992 on the Regulation of the Private International Law Relationship adopts the accepted international practice by which a branch is governed by the national…

Representative office Bucharest

Foreign companies have several options when deciding the manner in which they will set up their business operations in Romania. The representative office in Romania is not a separate legal entity registered in Romania, it is merely an extension of a foreign company willing to engage in certain activities in the country. The office…

Shelf Company Romania

A shelf company in Romania is a ready-made company that was set up in advance by an agent, and it is ready for use by those who have a business plan and require a legal entity to engage in economic activities. An important advantage of the shelf company is that…

Transportation Company Romania

There are two different aspects to be brought to client’s attention, one referring to general procedures regarding the company registration process and the other one concerning the specific stipulations implied by the particular domain that we are talking about. According to Romanian laws, the mandatory steps to be followed when…

Changing the manager of a SRL in Romania

In this article, we will talking about changing the manager of a company in Romania: who is involved in this process, what are the steps to be taken and what documents are required when thinking about having a new manager for your SRL. According to theNTRO ( National Trade Register…

Micro-company Romania

Foreign investors who want to open a company in Romania can choose between several business forms that suit their needs according to size, number of shareholders, number of employees and other criteria. As far as corporate taxation is concerned, Romania has a standard corporate income tax that is lower compared…

Liability of a company director Romania

What are the forms of liability of the director of a company in Romania? The forms of liability for which directors can be hold accountable are: civil, criminal and contraventional. According to Law no. 31/1990 regarding societies in Romania, the obligations and liability of directors shall be…