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02 December 2023

Open company in Romania in 2024

What's new in 2024 about open company in Romania? Register a company and start a business in Romania with 1% income tax. 100% remotely. No notary Required. Virtual office included. Your business, our mission

 

Get start now opening company in Romania

 

You haven't decided yet to pay only 1% income tax on your turnover? Here is how can you do it in 2024. Open company in Romania and start your business here in just 3 days. Headquarter, virtual address and accountancy included. 100% remotely - your presence will not be necessary at the company incorporation in Romania process. No hidden costs. We provide legal consultancy on company incorporation at highest standards.

 

Here is what you need to know in 2024 if you decide to open company in Romania with Romanian Advocacy lawyers:

 

1. No notary public required during your limited liability company registration process.  So, your presence in Romania will not be necessary at opening the company. We will take care of everything and deliver your company already incorporated.

 

2. Headquarter and virtual address of your company opened in Romania is included in our package. We can guest you at our premises, so your company correspondence will be on our side and it will be immediately forwarded to you. 

 

In order to decide if you opt for a headquarter at the lawyer's premises or one located in a real estate property, please read more info available in our blog article The headquarter of your company in Romania

 

3. The incorporation process shall be carried out only via e-mail, 100% remotely. We shall draft and submit you all the necessary documents for open your company in Romania, in bilingual English and Romanian form, so that you can have the control of everything.

 

4. No need for two shareholders to open a company in Romania. No need also for a Romanian shareholder or director.

 

5. No minimum share capital subscription necessary at the incorporation date. You can subscribe the share capital even after opening the company. 

 

The limited liability company (SRL) must pay 30% of the value of the subscribed capital not later than 3 months from the date of registration, but before starting operations in the name of the company, and the difference in capital subscribed will be paid: for the cash contribution, within 12 months as of the registration date; for the contribution in kind (immovable or movable assets), within no more than 2 years from the date of registration.

 

6. Time frame for the company incorporation: your company in Romania will open in 2 business days.  


7. No local director is required to open a company in Romania.

 

8. No employees are needed to open a company in Romania. But in order to benefit from 1% income tax rate, you need to have at least one employee. You - as sole shareholder may be registered as the company's sole employee too.

 

9. Tax rates in 2024 in order to decide to open a company in Romania:

 

  • 1% turnover tax to be paid by Romanian companies whose turnover does not exceed EUR 60,000 and have at least one employee.

 

  • 3% - turnover tax to be paid by: a) the companies with revenues exceeding EUR 60,000 or b) the companies engaged in activities corresponding to the following NACE codes: 5821 - Computer game editing activities, 5829 – Editing activities of other software products, 6201 - Custom software development (client-oriented software), 6209 - Other information technology service activities, 5510 - Hotels and other accommodation facilities, 5520 - Accommodation facilities for holidays and short stays, 5530 - Caravan parks, campgrounds, and camps, 5590 - Other accommodation services, 5610 - Restaurants, 5621 - Event catering activities, 5629 - Other food service activities not included in other categories, 5630 - Bars and other beverage serving activities, 6910 - Legal activities – only for legal entities not fiscally transparent, established by lawyers according to the law, 8621 - General medical practice, 8622 - Specialized medical practice, 8623 - Dental practice, 8690 - Other human health activities. 

 

  • 16% corporate tax for companies whose turnover exceeds EUR 500,000 in a fiscal year.

 

Starting a business in Romania can be an exciting and rewarding venture. The process of opening a company in this beautiful country is relatively straightforward, but it's important to be aware of the necessary steps and requirements. Opening a company in Romania has never been more easy and a more favorable decision for the investors and entrepreneurs.

 

Do you need additional information or you want our help with open company in Romania? Do not hesitate to contact us at tudor@roadvocacy.ro or by calling at +40 723 77 37 59 or use the contact form on our website at www.roadvocacy.ro.

 

Your business, our mission !

 

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