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- Setting up a company in Romania
- Create a Romanian Joint-Stock company
- Types of Romanian Companies
- Establishing a Romanian representative office or company branch
- Registering a Romanian Micro-Company
- Buying a Romanian Company
- Permits & licenses for Romanian companies
- Incorporating a European Company
- The Trade Register
- Contract Law in Romania
- Romanian Administrators
- Liquidating a Company
- Law of International Contracts
- Property Tax in Romania
- The Romanian Land Registry
- Purchasing real estate
- Conditions for foreigners to buy Romanian properties
- New conveyancing VAT
- The Recuperation of Properties
- New Minimum Corporate Tax
- Deductibility Regulations
- Avoid double taxation (e.g. Romania - UK)
- Paying taxes for a Romanian Company
- Repatriate profits
- Anti-Crisis Measures
Real Estate Due Diligence in Romania
E&C Law Firm provides legal assistance with Due Diligence procedures we consider absolutely necessary in order to safely purchase a property in Romania. Depending on the type of property you are looking to purchase there can be 2 types of Due Diligence procedures to be taken:
Basic Due Diligence
This includes verification of the property's Title Deeds and Land Survey documents as well as obtaining an extract from official Romanian Land Registry ("Cartea funciara").
In-depth Due Diligence and adjacent services
The process can include but is not limited to:
a) Verification of the property from the point of view of the possibility of
being involved in ongoing litigations at the Court archives in the area.
b) Verification and comparison of the Land Survey documents, topographical and other information required for future development. As an example: the situation of the electricity poles in the area, whether they can be moved from the location if needed etc.
c) the occupation coeficient of the land: what percentage of the land can be
built upon.
d) drafting the sell/purchase pre-contract, the contract and providing
assistance with the proceedings and the Public Notary at the moment of sale.
Please note that this is not intended to be a complete list of procedures for
the fulfillment of a due diligence process.
See other practice areas.
Other related information:
We have exceeded 100 incorporations of Romanian companies having foreign shareholder structures. We offer complete legal assistance for any type of Romanian company formation including Romanian SRL (LLC) or Joint-Stock (SA) registration, office address and general advice for matters related to taxation, Labor regulations as well as on-going assistance after the formation of the company.
