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Romanian Company Formation
Both foreign individuals or legal entities can establish corporate presence in Romania. Companies have their own patrimony, registered capital, management, registered offices, assets, names and bank accounts.
A foreign company can be sole shareholder (if LLC) or the foreign company can be shareholder together with at least one other shareholders which can be legal entities or private
persons (if Joint Stock Company).
The most frequent types of are limited liability companies named SRL. Also there is an important number of general partnerships and joint stock companies. All companies must be registered with the National Trade Register Office, organized by the Romanian Chamber of Commerce and Industry. The National Trade Register Office is a public institution which has the function to maintain statistical information on business activities in Romania.
Click to download our free guide to forming a Romanian Company, containing information for the setup of Romanian branches and representative offices, Joint Stock and SRL companies. The guide offers details on setup costs, procedures, documents and requirements.
Our Law Firm can assist and guide you through the entire way in the process of incorporating a company in Romania:
We will reserve a Company Name at the National Trade Register in your name.
We will draft the following documents:
* Affidavits - these documents will have a special format according to Romanian legislation;
* Specimen Signature- this document must be signed by the future Directors of the company;
* Articles of Association and By-Laws of your future Romanian company.
Our lawyers will also represent and/or assist you with the following procedures:
Subscribe the Share Capital in your name;
Open the company's bank account with the bank of your choice. This service refers to both the initial share capital account as well as an additional current account for on-going operations. Both types of Romanian bank accounts can be set up without your personal presence in Romania;
Provide a company office for registration purposes only. Also our office is able to provide virtual office services in Romania, including: mail forwarding, local phone numbers and secretarial services;
Submit the file to the Trade Register and appear in before the Trade Register judge for the Romanian company formation.
Time and Subscribed Capital: It will take 5 working days from the date the entire documentation is provided to the authorities to register the Romanian Company. Necessary funds for the minimum Share Capital: 70 Euros for S.R.L. and 25,000 Euros for S.A.
See other related info:
Types of Romanian Companies
Establishing a representative office or company branch
Purchasing real estate in Romania
NOTE: This is not intended to be a complete list of documents or a complete set of costs to set up a Romanian Company . Contact us for in-depth information. trade register in Romania.
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Can you help me form a Romanian company without visiting Romania?
Yes, we can. The necessary documents can be sent by Courier Mail.
I need to incorporate a Romanian company urgently. Can you help?
Yes, we are able to draft the company incorporation documents in no more than 1-2 working days. However please note that we also depend on factors beyond our control: official institutions in Romania, Courier Mail if you do not reside in Romania etc.
What information do you need from me?
We shall need the number of shareholders, Directors (and their place of residence) and the future activity of the company to see if there are any special permits required. Upon contact we will be able to give you a detailed breakdown of costs.
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