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17 December 2023

Business register in Romania: 5 essentials for company formation in Bucharest

Take your business to new heights with the invaluable insights on register company in Romania. Explore the various advantages and incentives that make Romania an attractive destination for business registration. From its strategic location within the European Union to its skilled workforce and favorable tax policies, emphasize the benefits of choosing setting up in Bucharest as a base for your company formation

 

Discover the benefits of registering your business in Romania

 

Navigating legal requirements: a guide to register business in Romania. Dive into the legal aspects of company formation in Bucharest, providing insights into the necessary documentation, compliance requirements, and legal obligations. Offer tips and advice on how to ensure a smooth setting up registration process while staying compliant with Romanian laws and regulations.

 

Are you looking to establish your business in Romania? We can assist you with the process of company formation in Bucharest, the capital city of Romania. Our team of legal experts is well-versed in all legal requirements and procedures involved in setting up company in Romania, ensuring a smooth and hassle-free experience for you. Bucharest, as the economic and administrative center of Romania, offers numerous advantages for businesses. By registering your company in Bucharest, you gain access to a vibrant market, a skilled workforce, and a favorable business environment. Our team will not only help you with the legal aspects of company set up but also provide valuable insights and advice to help you make informed decisions for the success of your business in Romania.

 

1. Choose setting up a limited liability company in Romania is the most feasible

 

If you're thinking about growing your business in Romania, the most popular choice for starting a company is the limited liability company (LLC), known as SRL (societate cu răspundere limitată) in Romanian. It's considered the safest option for shareholders and directors, and it's also the most cost-effective. Setting up an LLC in Romania requires minimal incorporation costs and doesn't require a significant share capital contribution.

 

Discover further information about limited liability companies in Romania by reading our insightful blog article ”Limited liability company in Romania

 

2. Pay only 1% income tax for your business registered in Romania and maximize your savings

 

Looking for a low income tax rate? Look no further than Romania, where you can enjoy a rate of just 1%! It may sound too good to be true, but it's not. Romania provides a tax regime that is highly advantageous for startups and established enterprises, allowing you to retain a larger portion of your profits. In this article, we will delve into the various industries that can benefit from this tax incentive, the eligibility requirements, and the step-by-step process of registering your company in Romania. Don't miss out on this incredible opportunity to revolutionize your business's financial outlook with a mere 1% income tax!

 

If your expenses outweigh your income, you have the option to consider the corporate income tax, which is set at a rate of 16% and is applied to your company's profits. This means that if your business is not generating enough revenue to cover all its expenses, you can utilize the corporate income tax to help manage your financial situation. By applying this tax on your profits, you can potentially reduce the burden of your expenditures and create a more sustainable financial plan for your company.

 

Check out our blog for more details on the 1% income tax in Romania here ”Important tax changes for Romanian companies starting with 2024

 

3. Two working days for the incorporation proceedings

 

Don't waste any time when it comes to setting up your business! Our efficient incorporation proceedings ensure that your limited liability company can be registered in the Romanian Trade Registry within a mere three days.

 

4. The company formation in Romania process does not require your physical presence and also the presence in front of the notary

 

Romania allows for remote company formation, which means that you can complete all the necessary paperwork and procedures without being physically present in the country. This means that you can save time and money by avoiding the need to travel to Romania for this purpose.

 

By removing the requirement for your physical presence and the involvement of a notary public, the company formation process in Romania becomes more accessible and convenient. This allows you to focus on other aspects of your business while ensuring that all the necessary legal steps are taken care of. Whether you are an international entrepreneur or a local resident, you can establish your company in Romania with ease and without any unnecessary complications.

 

5. Romanian Advocacy lawyers can help you with all post incorporation essential requirements for your company to be fully operational

 

Like: opening the bank account with a Romanian bank, subscribing the share capital in 3 months. contracting accounting and tax declaration services, contracting at least one employee within a 30 days term from the incorporation date, in order to benefit of 1% income tax, applying for registration for VAT purposes and obtaining the EORI custom registration number.

 

Obtaining the certificate of incorporation for your company is the most exciting moment in your business start up journey. Your company is already born as an artificial person, but also it has certain legal rights and liabilities in Romania even after the company formation process, depending on your company's specific activity you will carry out.

 

Explore on our blog article for more details on the ”Post incorporation compliance for your Romanian company.” Find out everything you need to know about what to do after the incorporation of the company. Dive deeper into the specifics duties you will have as the company director after the company is done.

 

So, the main point of our presentation is that setting up a business in Romania, specifically in Bucharest, offers significant advantages. Setting up a business in Romania and specifically in Bucharest can prove to be an incredibly advantageous and profitable venture for both investors and individuals looking to register their business.

 

If you need to get in touch with us, 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.

 

The blog of the Romanian lawyer

 

 

 

The Lawyer's corner is nothing else but a legal blog dedicated only for entrepreneurs and investors in Romania 

 

Weekly usefull posts about the investors' first steps in Romania, from the perspective of practicing business law, servicing our clients' needs and litigation, written and published by a Romanian litigation lawyer with over 15 years experience

 

 

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Romanian Advocacy

 

| Your Business | Our Mission |

Romanian Advocacy

 

| Your Business | Our Mission |

Romanian Advocacy

| Your business | Our mission |

 

Full range of legal services for businesses, companies and individuals. Your lawyers in Romania.

 

Romanian Advocacy

| Your business | Our mission |

 

Full range of legal services for businesses, companies and individuals.

 

Visit us at our headquarters:

 

Romanian Advocacy

4th Știrbei Vodă St., entrance D, apt. 127, 010111, Bucharest, Romania

 tudor@roadvocacy.ro

 +40 723 773 759