New business setup in Romania
Located strategically in Europe, Romania is becoming more popular among entrepreneurs who are looking for reliability and growth. Learn about the necessary steps, advantages, obstacles, and legal possibilities for initiating a business in Romania. Additionally, we offer efficient solutions for setting up a business online or remotely.
Formalities and procedures
We offer a range of services to assist you every step of the way and ensure that you meet all the necessary criteria.
Business planning
Before embarking on the process of starting a new business, it is essential to conduct comprehensive market research and corporate planning. We assist in developing a detailed business plan, analyzing market trends, identifying your target market, and evaluating the competitive landscape.
Choose your legal structure
In Romania, there are different types of legal entities that are appropriate for new businesses, such as Limited Liability Company (SRL), Joint Stock Company (SA), Branch Office, Holding Company, and others. The decision on which one to choose is based on considerations like the size of the business, ownership structure, and liability preferences.
Reserve a company name
Choose a distinctive and original name for your business and verify its availability on the Commercial Register.
Set up legal address
Having a valid address is a necessary step when starting a new business. This designated address is used for all official communications with government bodies, legal entities, and important business correspondences. It is vital to choose an address that meets all local laws and is suitable for your business operations.
Draft articles of association
We have a skilled team that helps you create precise and thorough articles of incorporation customized for your selected legal structure. We guarantee that we meet all legal obligations and take care of submitting the paperwork for you, making it easier for you and saving you time.
Registration
We handle the registration process with the Romania Trade and Companies Register and tax authorities, eliminating the administrative burden. This guarantees that your new business is legally recognized and compliant from the beginning.
Open a bank account
Make financial transactions easier by setting up a business bank account in Romania. Our experts will help you with this process.
Setup accounting
Having accurate financial records is essential when launching a new business. Our group of accounting experts can help establish effective accounting and bookkeeping practices that align with the requirements of Bosnia.
New business examples
Businesses come in all shapes and sizes, each with unique requirements and influences on the economy. Whether it’s a small local cafe or a large multinational company, having a good grasp of the business environment can assist aspiring entrepreneurs in recognizing prospects. Let’s explore possible new businesses across various scales:
Small businesses
Beginning a small business can be an exhilarating and demanding endeavor, with a significant impact on the local economy. Instances include neighborhood coffee shops, internet stores selling handmade crafts, pet grooming establishments, and independent web design services.
Medium businesses
Medium-sized businesses such as regional stores, software companies, event planners, and fitness studios have a greater number of customers and employees compared to small businesses. Nevertheless, they have not yet grown to the scale of large corporations.
Large businesses
Big companies such as multinational corporations, airlines, car manufacturers, and retail giants are the main players in their respective fields. They possess extensive resources, a large workforce, and significant market power. Oftentimes, these large businesses have a global presence.
Common mistakes when setting up a new business
Newly established businesses frequently face typical challenges that can be reduced with careful planning and forward-thinking strategies.
Inaccurate documentation
We guarantee that your paperwork is thorough, precise, and follows all legal regulations, minimizing the chance of bureaucratic problems.
Lack of understanding of local regulations
We offer detailed assistance with “local regulations, taxation, employment laws, and other legal obligations” to help ensure that you are in compliance with the law.
Inadequate financial planning
Our team helps you create achievable financial forecasts, manage your budget, and obtain funding to achieve your business objectives.
Insufficient market research
Lack of knowledge about the local market can impede success. Carry out extensive market research to pinpoint potential opportunities and obstacles.
Inadequate marketing
Numerous companies face challenges because of inadequate marketing campaigns. Consider investing in a robust online platform and investigating digital marketing tactics.
Our solutions: Business formation made easy
The team offers solutions that are practical and effective, tailored to your specific needs due to this reason:
Business formation online
By using the Romania online platform, you have the ability to complete the business formation process from anywhere in the world. You can monitor the progress, submit necessary paperwork, and utilize our services through secure digital means, ensuring a smooth and convenient experience.
Business formation remotely
In Romania, we can handle all the paperwork for you if you prefer a more hands-off approach. Our team of experts will take care of all the necessary formalities, complete the required paperwork, and liaise with the relevant authorities on your behalf to ensure your peace of mind.
Contact us
Don’t miss the chance to start your business in Romania. Reach out to us now for individualized support, choosing between online registration or remote business formation. Our team of experts will assist you through each stage, guaranteeing a smooth and prosperous launch for your business. Take advantage of the opportunities Romania offers for your entrepreneurial ventures!