Company registration in Romania

In recent years, Romania has been demonstrating a rapidly growing and competitive economy in trade and services, introducing new technologies, and a fairly developed real estate sector. The legislation supports enterprises. Many investors and entrepreneurs have chosen to start and run their own businesses here. Company register in Romania can be carried out by both individuals and legal entities. If a local company has bank accounts and a minimum authorized capital, it can create a management structure and own the property.
Romania is not offshore. The economy is ranked 11th(in terms of GDP per capita among the EU countries. The government created good conditions for small businesses, R&D & IT firms, and legal entities involved in technological development. Entrepreneurial activity in such areas will be profitable if the company plans to enter the EU market with a relatively inexpensive labor force.
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Why do you need to register a company in Romania?

Company registration in Romania is beneficial for such reasons as free access to European markets (almost 700 million consumers), low taxes for small businesses, good conditions for the IT sector.
You can register a company remotely by proxy for 4 days. Residents and non-residents, citizens, and legal entities can be directors and founders of a business in Romania. One founder can register an LLC, and the maximum number of participants is 50 people.
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Benefits of fintecharbor.com among registration companies in Romania

There are many organizational and legal forms for company formation in Romania in the legislation (joint stock company – Societate pe acțiuni, limited company – Societate în comandită simplă, limited liability company – Societate cu răspundere limitată, or SRL, subsidiary company – Sucursală). Our experts will be happy to choose the best option for your business. The most common is the Limited Liability Company (SRL) and the majority of foreign and Romanian entrepreneurs choose this particular form of doing business.
Fintecharbor.com lawyers will make the incorporation process as quick and convenient as possible. We will verify the information provided, help you select the title of the company, collect all the required papers, open a temporary account in a local bank, and pay of the authorized capital. After registering the company, it will be possible to open a permanent bank account in Romania.

Steps to register a company in Romania

At the beginning of registration, you must choose a name for the company, and indicate the legal form at the end. It also checks for uniqueness. Further, the structure of the company (administrator and participants), the address of registration, the activities of the company and regions, the size of the authorized capital, and the distribution of shares between its participants are indicated.
The name is approved by the National Trade Register of Romania. As a result of the check, a company name reservation certificate is issued, it is valid for 3 months. Tax registration also takes place there, and the Ministry of Public Finance issues a code. These enterprises are published in state newspapers as legal advertisements. Then, documents are submitted to any branch of the bank (including a certificate of name reservation, confirmation of registration of the office address, company charter, application of a representative of the company or founder), and the full amount of the authorized capital is paid.
It is necessary to obtain a unique registry for verification by all legal entities registered in the National Trade Register of Romania. The receipt of the register takes place at the regional office of the National Tax Administration Agency. This is necessary during inspections by regulatory authorities, such as financial, fire services, consumer protection organizations. The registry itself must be located in the main and in other offices of the company that have received permission to conduct activities.

Reviews

On behalf of our IT company, we express our gratitude to fintecharbor.com for full legal support, quick resolution of all related problems when our company is included in the Romania trade register!

FAQ

The annual renewal of the firm enlisted in the Romanian business register including the legal address for a year (rental of a real office), will be approximately 5,000 euros.
Register company in Romania can be checked on the website of the Ministry of Justice of the National Bureau of Trade Register (www.onrc.ro) or by sending a request for this to our lawyers.
A citizen of any country can establish a company in the National commercial register of Romania.
Among the EU countries, Romania offers more favorable conditions for micro-organizations. Such conditions can be most convenient for IT start-ups marketing enterprises, etc. The advantage of a company registered in the Romanian commercial register is good conditions for doing business with the US and the EU (an account with the ability to work in dollars and euros), low tax rates, the high reputation of the company, active attraction of investments.