Limited Liability Company (SRL) in Romania
Romania is a country with rapid economic growth rates. The active introduction of new technologies, a loyal taxation system, a developed real estate sector, as well as support for enterprises at the legislative level create favorable conditions for the development of the private sector and business immigration. Romania has become a strategic choice for many investors and entrepreneurs to start and run their own business.
LLC registration conditions
First, an initial check of the company name in the state. register for the uniqueness and availability of such a name for registration. Then a compliance procedure is carried out to compare information about the company’s activities and its participants provided by the client.
First, an initial check of the company name in the state. register for the uniqueness and availability of such a name for registration. Then a compliance procedure is carried out to compare information about the company’s activities and its participants provided by the client.
Company registration service includes:
- registration of a company, taking into account the preparation of a standard charter and payment of state fees
- payment of the minimum share capital
- opening an account with a local bank
- Preparation of drafts of the Memorandum and Articles of Association;
- legal address for the 1st year of the company's operation: lease of a real office (without actual placement).
- Obtaining a certificate of registration, which is issued by the Register of Trade and Companies of Romania;
- documents in the commercial register must be submitted by the director of the company during a personal visit to Romania or by his representative with a corresponding apostilled power of attorney.
The account opening process is much simplified compared to the standard account opening times in Europe. Romanian banks have not yet managed to accumulate sufficient experience in opening accounts for non-resident businesses. As before, when opening an account for a local company, banks regard the companies as full-fledged residents of Romania.
Get started
Register Limited Liability Company (SRL) in the Romanian jurisdiction with our professional assistance. We will assist you in all stages of company registration and formation in Romania and advise you on the best business solution.
Timeline
The period of register LLC Company in Romania engagement approximately 4 weeks. It is consisting of Engagement planning company incorporation, corporate bank account approval, corporate internet banking approval, engagement completion.
Fees
For obtaining a certificate of incorporation in Romania, you need to add your company to the trade register database. You have to prepare a package of necessary documents and pay a state fee (700 lei: this is about 150 euros). The process takes three working days.
Compulsory regulation
One participant can register an LLC in Romania, regardless of whether he is a natural or legal person, resident or non-resident. The maximum number of participants is 50 people.
The directors are appointed by the participants, they can be a resident and non-resident of the country.
To register a limited liability company, a company needs a legal address in Romania. According to the legislation of the country, it is considered valid after the conclusion of the rental agreement.
The responsibility of the founders is limited to the amount of the authorized capital, the responsibility of each of the founders is limited to the value of his share.
Documents
You should provide the list of following documents:
- Passport
- Proof of address
- Legal address approval
- Name reservation application
- Articles of Organization
- The Romanian Trade and Companies Register registration number
Consultation about Limited Liability Company registration
Our consultation services for registering a Limited Liability Company are intended to assist you with every aspect of starting your business in Romania. Our team of expert advisors will help you with everything from preparing paperwork to getting the required permits and registrations, ensuring a seamless and effective process. We offer personalized advice on legal obligations, share capital, and corporate structure to help you make well-informed decisions that support your business objectives.
Ownership management
Handling the ownership of a Limited Liability Company can be complicated yet essential. We offer services for navigating ownership changes, overseeing beneficial owners, and facilitating ownership transfers. Our priority is to accurately document all ownership modifications and ensure they adhere to current regulations.
Corporate structure changes
As your business grows and changes, your corporate structure may also need to evolve. If you require changes to directors, nominee information, or any other structural adjustments, we offer thorough services to help make these transitions seamless and effective.
Share capital management
Managing share capital is crucial for the financial stability of your company. Our services can assist you in boosting, lowering, selling, and transferring share capital while ensuring that all transactions are done correctly and comply with legal regulations.
Register Limited Liability company
Ready for next step
Accelerate your business growth while we take care of corporate bank account and bookkeeping.