But please keep in mind that some of the costs estimated herein may slightly differ in practice. For example, notary fees are not fixed fees, as each notary has a bracket within which they can set their fees. That’s why for some types of costs we tried to rather estimate a maximum or an interval (e.g., 200 – 300 Lei) to give you a better picture.
Also, the costs estimated below do not include services fees with a professional consultant. We have estimated only the costs strictly related with the company set up process, as if one would choose to do this on their own. So, if you choose to mandate a professional consultant or lawyer to carry out the entire registration process on your behalf, the related cost must be added to what we have estimated here.
So, if you’re planning to open a business in Romania, and would like to know what to expect in terms of costs for opening the company, here’s what the related costs look like. We’ll structure the information step-by-step, in the chronological order of the company setup process, and in the end we’ll conclude with the estimated summary of the costs:
1. Company name reservation
This is the first step one should proceed with for registering a company, and it can be done for free. If initially the authorities were charging a tax for fulfilling this operation, now it is free of any charge, and can be accomplished either online (on the Romanian Registry of Commerce website), or directly at their office.
So, currently the cost for this step is zero.
2. Preparation of the incorporation deeds of the company
As future shareholder of the company, you will have to prepare and sign the incorporation deeds, detailing: the number of shareholders, the future directors, the value of the share capital, the economic activities the company will carry out, the duties and responsibilities of the directors, etc.
2 Responses
Hello,
I would like to open company in Romania and I live in Stockholm, Sweden, I would like to know the process to open a company.
– Is it possible for me to open limited liability company.
– Romania virtual Address?
– Romania Bank Account?
– Minimum Capital?
-Bank share capital deposit?
– Time frame?
– Service fee?
– Total Price?
What do I need provide before drafting the necessary documents for registration of the company?
I have a Swedish resident permit.
Ragards,
Wang’s
Hi Wang, thank for your post.
Yes, it is possible to open a company in Romania. It can also be done remotely (without requirement to travel to Romania) with the proper documentation in place.
Minimum capital for limited liability company is 1 RON. You can also contribute with a higher amount, if you wish so. For contributing the share capital in cash, you’ll have to open a share capital bank account with any Romanian bank.
Time frame depends a lot on the type of company and the business activities the company will be authorized for. Can be 2 weeks, or can be 2 months.
Regards,
Florin