Set up a consultancy company Romania
I would like to establish a business & management consulting company but I need more information regarding the legislation and the type of company that would best suit my needs. What can you tell me?
Business & management companies are generally established as SRL ( limited liability companies ) under Law no. 31/1990 regarding companies.
If you wish to know more about this type of company, please do not hesitate to consult our article on the matter, which you can find on Darie, Manea & associates site.
How can a SRL (limited liability company) be established in Romania in accordance to the legal framework on the matter?
Regarding the ways in which a SRL can be established in Romania, Law no. 31/1990 clearly states that they are established by statute and bylaw, by the intake of one or more associates. Thus, the limited liability company may be incurred through:
- agreement of will of a single person, natural or legal, as the sole that can simultaneously be an administrator;
- intake of two or more associates, who benefit from a share of the profits as dividends in equal parts.
One of the first things that need to be taken into consideration when you set up a business & management company refer to finding a headoffice, determining the duration for which you want your company to be established and the ways in which the dissolution and the liquidation of the company would take place, the appointment of a manager etc.
The first formalities required in the process of establishing a business and management consultancy company refer to the registration of the company, in the trade register, in accordance to the legal provisions in Romania.
The main measures prior to the registration of the company in the Trade Register are as follows:
- checking the availability and / or the reservation of the name - it is usually recommended to choose three variants of your name in order of preference. Our team offers their clients, in the verification process in the Trade Register, three different names, at the cost of a single request, in order to facilitate the registration of your company.
- determining the main object of activity of your future company (the core business) – it is mandatory that you establish a main activity for the company that you are going to set up, analyzing the categories of activities which are assigned by the CAEN codes.
In the case of business and management consultancy companies, the CAEN codes which interest you and the scope of activity of your company are:
702 Management consultancy activities
7021 Consultancy activities in the field of public relations and communication
7022 Consultancy activities for Business and Management embodiment of the articles of incorporation
Regarding the documents that will be necessary for the registration in the trade registration of a SRL in Romania in the form of a business and management consultancy company, they refer to:
- the articles of incorporation;
- the reservation of the company name;
- the neighbors’ consent in case the registered office is found in a rezidential building;
- the ID’s of the associates;
- the document that makes proof of the right to use the space as headquarters for a consultancy company;
- signature specimen of the company’s administrator;
- affidavit of the administrators;
- proof of the deposit of the share capital at a bank;
- proof of payment of the legal taxes.
How can Darie, Manea & associates help me set up a business and management consultancy company in Romania?
Our lawyers are recommended by a vaste experience in commercial law, helping to establish numerous successful companies in Romania.
Our team offers legal guidance during every step of setting up the company that you desire, offering professional advice, optimal solutions in accordance to your needs and expectations, as well as representation before the competent authorities.
What’s more, our lawyers ensure the successful implementation of the company’s registration in the Trade register in no more than 4 days from the date of filing the request for registration.
Don’t hesitate to contact us and let us help you obtain the company that you desire!
by Cristian Darie