Company Formation in Romania: Your Complete Guide for Foreign Investors - Quick Consulting

Starting a Business in Romania: Cost-Effective Solutions for Entrepreneurs

Attorney Fee: 200 EUR

Why Choose Romania for Your Business?

Romania is quickly becoming one of the most attractive business destinations in Europe. It offers a favorable tax environment, especially for micro-companies, with one of the lowest corporate tax rates in Europe. Micro-companies with annual revenues up to €60,000 benefit from a corporate tax rate as low as 1%, and the dividend tax is just 5%.

If you are looking to establish a business in Romania, our law firm can help guide you through every step of the process, ensuring a smooth and efficient setup.

Types of Companies You Can Establish in Romania

When registering a business in Romania, foreign investors can choose from several company structures, including:

• Limited Liability Company (SRL): The most popular and straightforward business structure for small to medium-sized businesses, requiring a minimum capital of just 200 RON (approximately 40 EUR).
• Joint Stock Company (SA): Suitable for larger businesses or those wishing to raise capital through shares, with a minimum capital of 25,000 EUR.
• Romanian Branch or Subsidiary: Foreign investors can set up a branch or subsidiary under the name and legal structure of their parent company.
• Representative Office (Liaison Office): This non-commercial entity is designed for marketing and promotional activities but cannot engage in direct business operations.

The Company Registration Process in Romania

Opening a company in Romania is straightforward, especially with the assistance of our expert legal team. The registration process involves the following steps:

1. Choosing and Reserving a Company Name:
   You will need to choose a unique name for your company and reserve it with the National Trade Register Office (ONRC). We will help you select and reserve three potential names for approval.
2. Preparing the Necessary Documentation:
   Our team will assist you in preparing the necessary documents, including:
   • Articles of Association and by-laws
   • Shareholder details (name, nationality, and country of residence)
   • Proof of the company’s registered office in Romania
3. Submitting the Registration Forms:
   Once all documents are in order, we will submit them to the Trade Register and represent you throughout the process. Once approved, your company will receive a Unique Registration Code (CUI), officially recognizing it as a legal entity.
4. Opening a Company Bank Account:
   After registration, your company will need a corporate bank account. We will guide you through this process to ensure compliance with local regulations.

Costs for Registering a Company in Romania

• Attorney Fee: 200 EUR
• Minimum Capital: 200 RON (approximately 40 EUR) for an SRL
• Additional Costs: Depending on the nature of your company, you may incur additional fees for notarial and registration services, as well as the cost of office space or a virtual office.

Key Advantages of Opening a Business in Romania

• Low Taxes for Micro-Companies:
  With a 1% corporate tax rate and a 5% dividend tax, Romania offers one of the most business-friendly tax environments in Europe.
• Quick Company Registration:
  The company registration process typically takes just three working days from submission of the necessary documents.
• Foreign Ownership and Management:
  Romania imposes no restrictions on foreign ownership. Both foreign and local shareholders and directors are allowed to establish and manage companies in Romania..

Virtual Office Services in Romania

To help foreign investors with company formation, we also offer virtual office services, which include:

• Mail forwarding
• Local phone numbers
• Professional secretarial services

These services are perfect for investors who want to establish a presence in Romania without needing a physical office.

Why Choose Our Law Firm?

We offer comprehensive legal services to support foreign investors in establishing a business in Romania. Our services include:

• Company Name Reservation
• Drafting of Articles of Association and By-laws
• Submission of Registration Documents
• Representation at the Trade Register
• Virtual Office Solutions

Our experienced legal team will guide you through each step of the company formation process, ensuring that your business complies with Romanian regulations.

Contact Us for a Free Guide on Setting Up Your Romanian Company

Need more information on starting a business in Romania? Download our free guide, which covers:

• Setup costs
• Required documents
• Legal procedures
• Taxation information

Alternatively, feel free to contact us directly to discuss how we can assist you in registering your company and taking full advantage of Romania’s favorable business climate.

Frequently Asked Questions (FAQs)

Q: How long does it take to register a company in Romania?
A: The registration process takes approximately 3 working days once all necessary documents are submitted.

Q: What is the minimum capital required to open an SRL in Romania?
A: The minimum capital for an SRL is 200 RON (approximately 40 EUR).

Q: Can a foreign company be a shareholder in a Romanian company?
A: Yes, foreign companies can be sole shareholders in a Romanian SRL or can have joint shareholders with other entities or individuals.

Conclusion

Romania offers an excellent business environment, low tax rates, and a streamlined company formation process. Whether you are planning to open a small company or a large corporation, Romania provides numerous advantages for foreign investors. Our law firm is here to assist you through every step of the process.

Contact us today to learn more about how we can help you establish a business in Romania and take advantage of the country’s favorable tax regime.