Romania welcomes foreign citizens and legal entities with open arms, offering them the opportunity to establish their very own limited liability company within its borders. This means that individuals from all corners of the globe, as well as organizations from various industries, can take advantage of the favorable business environment in Romania and set up their operations here. Whether you're an ambitious entrepreneur looking to expand your business or a multinational corporation seeking to tap into new markets, Romania provides a fertile ground for growth and success.
Shareholders are protected by a legal provision that limits their liability to the amount they have invested in the company. This means that if the company faces financial difficulties or legal issues, shareholders are not personally responsible for any debts or obligations beyond their initial capital contribution. This provides a sense of security for shareholders, as they can invest in the company without the fear of losing more than what they have already put in.
Time is of the essence when it comes to starting your limited liability company, and we recognize the need for a fast and efficient registration process. Our incorporation proceedings have been designed to expedite the registration of your company, ensuring that you can begin operations within just 2 days. Our dedicated team of professionals will guide you through each step, from preparing the necessary documentation to filing the required forms. With our expertise and commitment to efficiency, you can rest assured that your company will be registered promptly, allowing you to embark on your entrepreneurial journey without unnecessary delays.
In Romania, it is possible for a company to be formed with just one shareholder. This means that an individual can establish a business on their own without the need for additional partners or shareholders. This offers a great advantage for entrepreneurs who prefer to have full control and decision-making power over their company. Whether it's a small startup or a larger enterprise, the option of a single shareholder company formation provides flexibility and autonomy.
On the other hand, the Romanian limited liability company has a maximum limit of 50 shareholders. This means that if you decide to establish a company with multiple shareholders, you can have up to 50 individuals or entities involved in the ownership structure. This allows for the possibility of pooling resources, expertise, and capital from a diverse group of investors or partners. It also provides the opportunity for shared responsibilities and decision-making, which can be beneficial in certain business scenarios.
5. The Romanian limited liability company may have at least one director or even more, which are appointed by the general meeting of the shareholders; the directors are the company's legal representatives before local authorities and third parties. The company's directors may be natural persons or legal persons, being names in the setting up process.
When it comes to the governance structure of a Romanian limited liability company, the power to appoint directors lies in the hands of the general meeting of the shareholders. This meeting serves as a platform for shareholders to come together and make important decisions regarding the company's management. The shareholders have the authority to select one or more directors who will be responsible for overseeing the day-to-day operations and strategic direction of the company. This process ensures that the interests of the shareholders are represented and that the company is led by competent individuals who can make sound business decisions.
6. The Romanian societate cu răspundere limitată represents a separate and distinct Romanian entity, which is able to buy lands, buildings and other immovable assets in Romania and the whole European Union in circumstances such as a Romanian citizen. So, in fact setting up a limited liability company means born of a legal person, similar to a natural one.
7. The Romanian limited liability company is registered by default with the Romanian Trade Registry as micro enterprise and will automatically pay the 1% income tax, only it has an employee within a 30 days term since of its incorporation.
To see more about the taxation of the Romanian SRL societate cu răspundere limitată, please consult our specialized article What taxes your Romanian company pays? Chapter I or What taxes your Romanian company pays? Chapter II
In addition to the financial benefits, Romania offers a favorable business environment that encourages growth and innovation. The country boasts a skilled and educated workforce, with a strong emphasis on technology and entrepreneurship. The government has implemented various initiatives to support startups and small businesses, providing access to funding, mentorship programs, and networking opportunities. This supportive ecosystem, combined with the low costs of incorporation and maintenance, makes Romania an ideal destination for entrepreneurs looking to establish and grow their businesses in the EU.
To see more about our specialized attorneys at law for company formation matters, you are invited to meet our team.
3. Annual financial tax reporting is mandatory.
application-form for the company incorporation, issued by the form preapproved by O.N.R.C (i.e., Romania’s National Trade Registry Office);
reservation of the company name (in the county or at a country level);
articles of incorporation, including the identity data of the shareholders and directors, the main object of activity, as well as the secondary object of activity; company associates / administrators; the contribution to the share capital of each of the associates.
fiscal record of each of the associates and administrators of the company;
the deed of ownership right on the space where the registered office is established/loan or contract rental of the respective space;
the agreement of the owners/tenants association, if the case;
the agreement of the neighbors, in some specific cases;
copy of the Identity Card/Passport of the shareholders;
statements from the company’s associates (authenticated), including the company's beneficial owner (UBO)
A coordinator lawyer from Romanian Advocacy will handle the whole setting up process, in order that your project will be completed within the planned schedule.
Don't hesitate to reach out! You can send us an email at tudor@roadvocacy.ro or give us a call at +40 723 77 37 59. You can also use the contact form on our website at www.roadvocacy.ro. We're always here to help and answer any questions you may have. Contact us here for more details about the company formation in Romania.
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Romanian Advocacy
| Your Business | Our Mission |
Romanian Advocacy
| Your Business | Our Mission |
Romanian Advocacy
| Your business | Our mission |
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