Need to register a new company in Romania?
We can help with all necessary company formation procedures. We have an experience of over 500 registered companies and continuous expert support.
What type of company is most commonly used?
Most common type of company that is used under the Romanian laws is the limited liability company. Compared to other types, the limited liability company is much easier to set up. In addition, the conditions it must fulfill under the applicable laws are most flexible. We believe the main advantages are:
- Limited share capital requirements: minimum share capital shareholders must contribute at registration is 200 LEI
- Shareholders are liable only within the limit of the share capital contributed
- Better flexibility in administration requirements: no minimum or maximum percentage of capital per shareholder
- Option to contribute capital in assets or money
What aspects should I think about to register a new company?
Main aspects you should clarify and decide prior to starting the incorporation of the company are:
Most commonly used types of vehicles for carrying out business activities in Romania are the limited liability company (SRL) and the joint stock company (SA). There are also some other types that are worth investigating, such as: company limited by shares (SCA), general partnership (SNC), limited partnership (SCS). Also, if you already own a company abroad, you may rather not register a new company in Romania, but only set up a branch of your foreign company.
This is an important detail that must be reflected in the articles of incorporation. Also, you should decide if any legal entity will be named as shareholder of the new company. The maximum number of shareholders (individuals or legal entities) that a company may have is 50.
The 3 alternatives will have to be selected in a preferential order. Each of them will be checked against the name availabilities with the Trade Register Office. Depending on this, a name will be reserved, and the reservation will be valid for 3 months. During this time, the registration file will have to be submitted with the Trade Register Office.
The new company must have a registration address, which will act as its headquarters. For this purpose, your disposal over the location must be proved with a lease agreement or ownership documents over the place. As alternative, the company’s address can also be temporarily hosted into an attorney’s office.
This is an important detail that must be also reflected in the acts of incorporation. The business activities that a company may carry out are classified under the Romanian legislation under official registration codes, specific for each industry and branch of industry.
Let us use our experience of more than 12 years in business incorporation to help you with the case.
Please fill out the form and we will get back to you shortly.
Spare yourself of the paperwork and let us assist you with the incorporation procedure. We make things simple through efficient and calculated steps, such as:
- Free assessment of your particular case
- Understanding your special assistance needs
- Documentation and preparation of the application file
- Ongoing management of your application under close guidance of a specialist
- Updates on application status and collect your incorporation documents once ready
Need additional clarifications before deciding to register a new company?
We are here to guide you.
Get in contact and one of our experts will be happy to assist.
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