Large business setup in Romania
Starting a big company requires thorough preparation and effort, and there are specific challenges and considerations to keep in mind when initiating a corporation. Let’s explore the benefits of establishing a large company in Romania and how our tailored solutions can help ensure your success.
The process of setting up a large business
Creating a major company in Romania involves a similar process to starting a small or medium-sized business. Nonetheless, because of its size and intricacy, establishing a large enterprise usually demands more time and resources. The procedure is outlined as follows:
Choose a business name
The name of the business must be original and not currently in use. You can verify the availability of a name on the website of the Romania Trade Registry.
Select legal entity type
Choosing the right legal structure is crucial for the prosperity of your large company. In order to assist you in making a knowledgeable choice that fits your individual needs and future goals, we offer expert advice on Limited Liability Company (SRL), Joint Stock Company (SA), Branch Office, Holding Company.
Set up legal address
It is crucial to have a valid address when launching a business, as it acts as the primary point of contact for government agencies, legal bodies, and significant business communication. Selecting an address that complies with local laws and meets the needs of your business is crucial.
Get the necessary paperwork ready
Our team of professionals will assist you in developing accurate and comprehensive documentation tailored to your company’s specific structure and objectives. We ensure compliance with all legal requirements and will handle the filing procedure on your behalf.
Open a bank account
We will help you every step of the way in opening a bank account, making sure the company follows all regulations and selecting a trusted financial institution for your account in Romania.
Company registration
We take care of the registration procedures with agencies such as the Trade and Companies Register and tax authorities, taking away the administrative workload from you. This ensures that your business is properly recognized and meets all legal requirements from the very beginning.
Setup accounting
In order to successfully start a major business, it is crucial to keep precise financial records. Our accounting team can assist in implementing efficient accounting and bookkeeping procedures that adhere to the rules in Romania.
Large business examples
Big businesses work in different industries and sectors, each having their own requirements. Here are a few examples of big businesses:
- Aviation: Airlines, major aircraft manufacturers
- Bank: Large, national, or international banks
- Blockchain: Depending on the company, it can also be also medium or small sized business
- Cars and vehicles: Major car manufacturers, large fleet management companies
- Construction: Firms handling large infrastructure projects
- Energy: Utility companies, oil and gas producers
- Freight and package transportation: Major shipping and logistics companies (FedEx, UPS, etc.)
- Minerals: Large-scale mining operations
- Tourism and travel: Major hotel chains, international tour operators
Benefits of establishing a large business in Romania
Romania is an attractive location for establishing large companies, providing numerous benefits:
Strategic location
Romania is an appealing option for businesses seeking to expand in Eastern Europe due to its developing economy, proficient workforce, and potential in manufacturing, technology, and services. The country’s strategic location, cost competitiveness, and government support for foreign investment provide many benefits for companies aiming to penetrate its vibrant and changing market.
Favorable tax regime
Romania levies a flat corporate income tax rate of 16%, with additional incentives such as lower rates on reinvested profits. The country has been successful in attracting foreign investments, particularly in the IT and manufacturing industries.
Banking
Romania’s banking industry offers a secure setting for investment and finance in a thriving economy, making it an appealing choice for those in search of reliable and expanding banking services.
Our Large business setup solutions
We understand the value of your time and resources. This is why we offer two convenient options to make the process of company formation easier.
Business formation online
By utilizing the online platform offered by Romania, individuals can start and finalize the process of starting a business from any location. Being able to track progress, submit necessary paperwork, and access our services through secure digital channels guarantees a seamless and convenient experience.
Business formation remotely
If you would rather not be involved in the paperwork process, we are happy to handle it all for you. Our experienced team will ensure that all necessary formalities are taken care of and will communicate with the relevant authorities on your behalf to ease your concerns.
Contact us
Get in touch now to schedule a consultation and begin making progress towards your business goals. Let’s embark on this journey together.