How to Proceed With Romania Company Registration

Romania Company RegistrationRomania is a culturally and historically wealthy nation making a name for itself in the world of commerce. With a high-income mixed economy, this southwestern European country is experiencing a surge in structural reforms and business-friendly policies. As the largest of the Balkan countries, its gross domestic product (GDP) forecast for 2023 is USD292.61 billion. Businesspeople will find that Romania company registration is the first step in securing this vibrant nation’s foothold.

 

Type of Business Entities in Romania

Business entities in Romania are quite straightforward about their variety and structures. They include the following:

  • Limited Liability Company (LLC): known as SRL or Societate cu Raspundere Limitata, which allows sole ownership.
  • Joint-Stock Company: known as SA or Societate pe Actiuni, which requires a minimum of two shareholders.
  • Free Zone Company (IDZ): investors can register for an IDZ company in one of Romania’s special industrial parks.
  • Branch or Liaison Office: needs the appointment of a resident representative to manage the office.

While shareholders can be non-Romanians, the law does prohibit 100% shareholding in different companies by the same person. Further, you will need special permission from the Government to include the word ‘Romania’ in your company’s name.

 

Company Registration Process

Generally, the registration process begins with a company name search and the preparation of the constitutional documents. You will need to list the relevant shareholders’ and directors’ information and the trade activity for your business. It is also essential to provide a registered business address and supporting lease or contract.

Entrepreneurs must pay a fee for subsequent publication in the Romanian Gazette and submit proof of this payment. Other relevant documents may include sworn statements on legal capacity, signature specimens, true business beneficiary, etc.

All companies in Romania must register with the National Trade Register Office of the Chamber of Commerce and Industry. Incorporation of a company only takes effect after this preliminary step in Romania company registration. Business owners must fill up an application form and submit it for approval. All initial capital generally requires cash payment, and upon approval, you will receive a Certificate of Registration.

 

Modern Enterprise Solutions

Engaging reliable and professional Romania company registration experts is a great way to ensure a convenient and hassle-free business start-up. All our enterprise solution pathways come with customisable options for the discerning businessperson. Our award-winning services and packages provide innovative and cutting-edge solutions when it comes to business in the modern commercial ecosystem. Contact us today to discover how our team of professionals can help you start your Romanian business journey.

Romania Company Registration