If you consider setting up a company in Romania then you should contact us. The procedure, from the moment all the documents are procured should not last more than 5 days.
Setting up a company in Romania is faster than you think. After you have all the necessary documents the company is incorporated in 5 days.
1. The first step in setting a company in Romania is: the reservation of the company. This document is accepted in 30 minutes and the certificate is valid for 3 months. Not all the names are accepted so you should think at the name and the lawyer will answer you if that name is eligible;
2. The next step is to prepare all the statutory documentation: the constitutive act (this can be done in English and in Romanian), some statements – the documents should be prepared by the lawyer. If you are not a Romanian resident and you are not registered with the Romanian fiscal authorities, you will have to state your own responsibility saying you are not in fiscal debt; the proof for the firm’s headquarters If the headquarters are in an apartment in block building, you will need the signatures of the neighbors with whom the apartments shares a wall and the consent of the owners’ association in the block; you also need copies for the ID cards or passports of the firm’s associates/shareholders.
All the documents should be in Romanian language, translated and apostiled if necessary.
3. The next step is to create the company’s social capital and receive the banking document which confirms sufficient funds in the bank deposit. The minimum social capital is of RON 200 (the equivalent of around EUR 50);
For the limited liability company the minimum equity capital requirement for a limited liability company (Romanian: Societate cu Raspundere Limitata or SRL) is currently RON 200 and for the joint stock company the minimum share capital is RON 90.000.
4. Fill the registration request form and the annex about the fiscal registration plus the annex about the foreign investment if it applies. These documents are also in Romanian so you need to have someone to help you not only with the translation but also with filling the request.
The fiscal registration form you have submitted to the Trade Registry is automatically sent to the Fiscal authorities.
If you wish to expand your activities in Romania, you may choose between a subsidiary and different types of secondary offices, of which the best-known are, branches representative offices, work points, agencies
Any subsidiary that you set up in a Member State of the EU must be registered with the Trade Register in the respective country.
Cost for setting a company in Romania/opening a branch/a representative office in Romania regarding the authorities in Romania should not exceed 200 Euro but depends on the business you start and the documents you must register.
The translations are approximately 200 – 300 Euro, but again depends on how many documents are involved.
The attorney fees for setting a company in Romania are between 500 Euro – 800 Euro depending on the business you start.
If you need to know the fees we can provide you a quotation immediately as we receive information about each case.
Contacting a local lawyer from Romania the fees are lower than contacting a lawyer from your country. Besides the local lawyer knows the Romanian law and the national lawyer should also contact a Romanian lawyer and practically the fee doubles.