How to register a company in Romania?

In order to register a company in Romania, you need to choose the type of company form you want to incorporate, to prepare the necessary documents and to submit the application to the Romanian Trade Registry. Most common forms of companies in Romania are the Limited Liability Company (LLC), Joint Stock Company (SA) and sole trader (PFA).

How long does it take to open a company in Romania?

The company formation in Romania process will take 2 working days, since the date the incorporation application is submitted to the Romanian Trade Registry.

What is the main advantage to open a company in Romania?

One of the lowest taxation in EU: 1% turnover tax for the companies whose turnover does not exceed EUR 60,000 and have at least one employee or 3% turnover tax if the companies has a revenue exceeding EUR 60,000 or the companies is engaged in some specific activities.

Can I start a company in Romania as a foreigner?

Foreign citizens and legal persons can quickly and easily incorporate their own company in Romania, without any restrictions. There is no need for a Romanian shareholder and director

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01 December 2023

Residence permit in Romania

How to obtain the residence permit in Romania? When the right of residence is necessary to be obtained? Everything you need to know about long time residency in Romania and Romania residence permit?

Obtaining easy residence permit in Romania

If you want to be authorized to stay legally in Romania for more than 90 days, any foreigner must obtain a Romania residence permit or a residency permit. But before you submit the application for the Romania residence permit, you need to accomplish several legal requirements, the most important being that you are already present in Romania. Our blog newsletter guides you on this immigration issue, answering to many essential questions, like: 1. when you can apply for long time residence permit in Romania?; 2. how a foreigner can apply for a residence permit to stay on a long run in Romania?; 3. How you can get the Romania residence permit and the legal requirements? Can the residence permit be extended?

Who need the Romania residence permit?

Once you've decided to settle in Romania and stay more than 90 days, an important aspect to consider is how to obtain access to Romanian territory and obtain the residency right in order to initiate and manage your company's activities or simply to work as an employee. Although it might seem complex at first glance, simple workers, foreign investors and entrepreneurs, other than citizens and residents of EU member states, can obtain the residency right in Romania.

How to obtain the right of residence in Romania?

Below, we present the ways in which this residency right can be obtained:

a) Obtaining residency for business purposes - this is a way to acquire legal residency in Romania primarily aimed at investors seeking to make a significant investment in a Romanian company.

To obtain the residency right, the foreign investor must obtain a specialized technical approval from the Ministry of Economy, Entrepreneurship, and Tourism. This approval can be acquired by demonstrating that the foreign investor has a business plan to implement in Romania and intends to make a minimum investment of EUR 100,000.

b) Obtaining residency as the director of a Romanian company - according to legislation, any foreign citizen holding the position of director in a Romanian company can obtain residency in Romania. This residency is granted to manage and lead a business in Romania.

To obtain such residency rights, the applicant must hold the position of director within the company, not have been a shareholder of the company in the last 2 years, be the sole foreign individual within the company to obtain such right, and the company must have made a minimum investment of 50,000 euros or a technology transfer.

c) Obtaining residency for work purposes - acquiring this residency right is the easiest way for a foreigner to come and stay in Romania, as it is not conditioned by making any investments.

Hence, any foreigner desiring residency in Romania can obtain it by being employed by a Romanian company.

Can the Romania residence permit be extended?

The Romanian residence permit may be extended if you apply for its prolongation at the local office of the General Inspectorate for Immigration at least three months before expiry of your current permit.

Duration of residence permit

The duration of the Romania residence permit is 5 years and 10 years for the family members of Romanian citizens.

We understand that bureaucracy and legal formalities specified by legislation pose a real barrier for foreign investors starting a business in Romania. However, with proper legal assistance from professionals with expertise, things become more straightforward and accessible to everyone. Count on Romanian Advocacy to obtain the necessary support in regulating your residency right in Romania.

Do not hesitate to contact us at sorina @roadvocacy.ro or by calling at +40 744 65 09 50 or use the contact form on our website at www.roadvocacy.ro.

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