The Romanian Trade Register

The Romanian Trade Register is an institution organized by the Romanian Ministry of Justice. The Trade Register in Romania has the following responsibilities: keep records on the legal and financial status of all Romanian businesses, provide economic and statistical information
provide commercial information, simplify the procedures concerning incorporation and companies, inform and assist business people on issues related to the trade register activity.

Legal registration operations such as the formation of new Romanian companies, change of the social headquarters of the company, change of any clause in the Articles of Association, cession of social shares, require the verification of the file and documents by a clerk and a Trade Register judge. The Trade Register judges review the submitted information, the correctness of the paperwork from the legal point of view (Articles of Incorporation, Affidavits, Specimen Signatures etc.) and either request further information from the shareholders and/or directors or their representatives or approve the operation.
 

From the date of approval of the incorporation the Romanian Trade Register usually requires around 3-5 business days to issue the Certificate of Incorporation.

Other useful information about the Trade Register and its activities throughout Romania:

- The Trade Register is a public institution and is obliged under law to issue, on the expense of the person requesting it, official copies of the documents registered in its database as well as information regarding the registered data and to provide information in regards to the existence of certain documents in the records of the Romanian Trade Register.
- The decisions of the Trade Register judges are open to appeal in a term not exceeding 15 days.
- The Romanian Trade Register has branches in 42 counties, representing the National Trade Register which is coordinated by the Ministry of Justice.
Our Law Firm has an important experience representing local and foreign companies in their interaction with the Bucharest Trade Register for the creation of Romanian companies, modification of the Articles of Association of Romanian entities, obtaining registered information on registered companies etc.