Set up a consultancy company Romania

Investors who set up a consultancy company in Romania follow the general incorporation steps for the business form they choose. Such a business will focus on offering professional solutions for organizations that require assistance with planning, strategy, or corporate change, among others. Our team can help you open a Romanian company that will offer business and management consulting services.

Services offered by consultancy companies in Romania

Entrepreneurs who set up a consultancy company in Romania will typically be involved in offering the following types of solutions to other businesses:

• Strategy: developing a personalized plan for the client company so that it can perform better. Specific services can include corporate restructuring (if required), market analysis, growth plan, pricing, client decisions, etc.;
• Operations: assisting businesses with tactics that will improve cost efficiency, implement adequate changes in the supply chain, and improve execution practices for better overall performance;
• Human resources: consulting in terms of team training, role, team design, better communication, etc.;
• Others: digital and technology consultancy is becoming increasingly important for companies in many different business sectors. Specific services can include IT, automation, cybersecurity, and others.

Regardless of the services they will offer to clients, investors who open a consultancy company in Romania will usually structure it as a private limited liability company (SRL) or a joint-stock company (SA). Our experts in company formation in Romania can provide detailed information on these choices.

Pre-incorporation steps for opening a consultancy company in Romania

One of the first things that has to be taken into consideration when you set up a business & management company is finding a head office, 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 with 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;
• 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, analysing the categories of activities which are assigned by the NACE codes.

How to register a company in Romania for consultancy businesses

Regarding the documents that will be necessary for the registration in the trade registration of an LLC (SRL) in Romania in the form of a business and management consultancy company, they refer to:

• The articles of incorporation;
• Proof of company name reservation;
• The neighbors’ consent for a registered office located in a residential building;
• Copies of the company founders’ IDs;
• Specimen signatures for the key company members;
• The administrator’s affidavit;
• Proof of share capital deposit in a Romanian bank account;
• Proof of fee payment.

The abovementioned documents, along with others (on a case-by-case basis) are submitted to the National Trade Register Office in the region in which the company will activate (the Bucharest headquarters for companies located in the capital city, and regional or county headquarters for companies that are set up in other cities in Romania, such as Brasov or Targu Mures).

If you want to set up a consultancy company in Romania that will be based in Ilfov County, located close to Bucharest, our team can assist you.

Romanian consultancy company taxation and compliance

Once investors follow through with the process to register a company in Romania and they sort out other issues, such as preparing the offices and hiring employees, they can start offering their business consulting services.

Once the company starts operating, it will be subject to the following taxes in Romania:

• 16% corporate income tax rate. An alternative tax applies to the Romanian micro company (1% or 3% of revenue, depending on certain criteria);
• 10% dividend withholding tax;
• 21% value-added tax.

How can Darie, Manea & Associates help me set up a business and management consultancy company in Romania?

Our lawyers are recommended by a vast 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 with your needs and expectations, as well as representation before the competent authorities.

Don’t hesitate to contact us and let us help you obtain the company that you desire!

by Cristian Darie