Registering a company in Romania
The process of company formation in Romania calls for multiple mandatory procedures that can further determine the overall practicality of the business itself. The steps that are required as per these compulsory procedures relate to clear regulations indicated by the Romanian legal system. Benefiting from professional assistance during every stage of the company creation mechanism guarantees final positive results and, most important, financial security. Our team gradually introduces clients to more or less intricate legal terms and constantly provides professional advice adapted to each possible case. Our team can assist clients who want to open a company in Romania through all the phases involved in this process.
COMPANY FORMATION PACKAGE
Working with a team of experts who specialize in company formation in Romania is recommended to Lithuanian investors, given the need to submit forms in Romanian and handle a number of specific matters with the local authorities. We tailor our services according to the business field in which the company will activate and we provide ongoing assistance, both in the pre-registration phase and the post-registration period as needed.
Our company formation package includes the following:
- Reservation of the company’s name;
- Drafting of the Articles of Association (by-laws) and statements (affidavits) of the shareholders and directors;
- Submitting the share capital to a chosen bank;
- Filling the necessary application and submitting it to the Local Trade Register in the presence of the deputy judge;
- Undertaking the Certificate of Incorporation and the VAT number
We can provide you with a registered office or you can opt for the virtual office alternative; - We will take all the necessary steps with Romanian authorities in order to obtain the mandatory legal documents or authorizations.
- Bank account introduction for the opening of an account with internet banking and debit card.
This is a complete package that will suit the needs of most businesses and entrepreneurs. However, those who require different or additional services will be able to work together with our team to find suitable solutions that will meet their needs according to the chosen business field in which they wish to invest. Our packages are designed to fit the needs of Lithuanian investors who open a company in Romania.
COMPANY FORMATION STEPS IN ROMANIA
1. Choose the company name
NAME SELECTION & RESERVATION
The first step when opening a company in Romania is to choose a desired name and check its availability. Name reservation is performed on a national level, therefore, it is recommended to decide on more than one possible name.
2. Prepare the company documents
THE INCORPORATION DOCUMENTS
A company is registered based on a set of special documents that refer to its type and particularities- the Articles of Association. Additional documents, like specimen signatures and statements, are also required for registration purposes.
3. Open a bank account
THE CORPORATE ACCOUNT
Another step is to open a corporate bank account with a bank branch of choice. The minimum share capital is deposited into this account (200 RON for the SRL company) and proof of payment is submitted upon registration.
4. Company registration
FORMAL REGISTRATION
Once the incorporation documents are complete and the minimum capital is submitted, the founders fill in the registration form for entry in the National Trade Register Office. Certain registration fees apply during this stage.
5. Additional registrations
TAX AND SPECIAL LICENSES
Once formally registered, the company can start trading, however, it will also need to be registered for VAT purposes. In some business fields, the company will also need to apply for additional special permits and licenses.