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Responsiveness in real time on our chat online, in English or French, our permanent follow-up and our assistance included in all our packages.
The Premium Pack includes* : setting up the Company incorporation in Romania, no need to travel, bank introduction* included - possibility of paying in 1 or 2 instalments
Pay in 1 instalment € 1,592
Pay in 2 instalments, deposit € 764
- When you place your order, you will automatically receive an e-mail with a Company incorporation form to fill in.
- Payment can also be made by bank transfer: you can place your order above: during payment, you will be offered the option of paying by bank transfer; click on the “Bank transfer” box: when we receive your order, we will send you our bank details for your transfer, with the option of paying in 1 or 2 instalments.
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New: contact one of our customer advisers. Would you like to be reassured about our company? We can put you in touch with one of our customer advisers on request.
Banking introduction* (online banking, CB,...) to Revolut Business, Wise,... : €0 (included in all Companies incorporation orders)
OR
Assistance in English (an independent account manager, employed by the bank, calls you and takes care of your request to open an account with Revolut Business or with one of our other partners) : €290 + VAT.
OR
Banking introduction* in a real bank in Europe (French language), network of banking agencies in a country bordering France, with travel : €392 + VAT.
OR
Banking introduction* in a real bank, with a network of branches, WITHOUT TRAVEL (which is rare for a real bank), with of course online access, remotely and with an independent account manager, working for the bank, english and french : without travel, €392 + VAT.
OR
HSBC banking introduction* in a European Union country; our HSBC contact allows to study the file remotely, unlike the usual HSBC process.
Promo : €552 + VAT.
You can, of course, opt for an online banking introduction* (neo-banking: Revolut Business or another of our partners), which is included free of charge in all our Company incorporation packages.
⭐Current promotion: 20% discount⭐
Boost your business with our Europe-wide network of contacts (manufacturers, distributors, suppliers, resellers, local agents, logistics and goods-in, etc.).
Company incorporation in Romania, no need to travel, bank introduction* included*, option to pay in 1 or 2 instalments
Companies incorporation in Romania offers a number of advantages, such as a uniform tax rate of 16%, which can be reduced to as little as 1% for small businesses. The costs of setting up and maintaining a Romanian company are very reasonable, and the minimum share capital for a limited liability company (SRL) is very low.
A company in Romania can be registered by both individuals and legal entities; it must be set up with the minimum share capital required, deposited in the company’s bank account: from €1 for a LTD.
We can set up your company in Romania in just 5 days.
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Types of company in Romania |
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Minimum share capital for SRLs (limited liability companies) | € 32 |
Minimum number of shareholders for a limited liability company (SRL) | 1 |
Timeframe for incorporation (approx.) | 5 days |
Corporate tax rates in Romania |
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Dividend tax rate | 5% (exemptions available) |
VAT rates |
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Number of double taxation agreements (approx.) | 88 |
Registered address provided | Yes |
Local administrator required to set up a business in Romania | No (obligations may arise for the Board of Directors) |
Are there any tax exemptions available? |
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Incitations fiscales pour la création d’entreprises en Roumanie |
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How long does it take to open a business in Romania?
The procedure for setting up a company in Romania takes 5 working days (this is calculated from the date on which all the necessary documents are submitted to the local authorities).
To register a limited liability company, the minimum share capital required is 40 euros, while for a joint stock company, the capital is set at 20,000 euros.
What type of Romanian company should I set up?
Foreign investors can open the following types of Romanian company (structures): Romanian limited liability company, Romanian subsidiary, Romanian branch, Romanian representative office (liaison office).
A representative office in Romania can only be set up for certain types of business; we can advise you on the documents required to register a liaison office.
How can an investor register a Romanian SRL?
Étant donné que la SRL roumaine est la forme d’entreprise la plus couramment sélectionnée pour la création d’une société en Roumanie, nous présentons ci-dessous les étapes de la création de ce type de société.
Some of the most common information that must be presented when registering a new Romanian company is as follows:
- personal details of the company’s shareholders, such as their names, nationalities, countries of residence and dates of birth;
- the name of the person appointed as managing director;
- the proposed name of the company and the business activities to be developed within it;
the shareholding of each shareholder in the company, the nominal value of each share and the percentage of shares held by each shareholder;
One of the main stages in setting up a Company incorporation in Romania is the allocation of an appropriate trade name for the company. This registration stage is completed by the Commercial Register, where investors will complete a reservation form in which they will state their main options for the desired company name.
Once the application has been submitted, the Commercial Registry will issue a certificate attesting that the reservation of the company name has been registered. The document is issued on the same day as the application.
Once all the required documents have been submitted to the Commercial Registry Office and the institution has checked the applicant’s file, the company receives a unique registration code (CUI).
A company is recognised as a legal entity in Romania once it is registered in the Commercial Register.
Are there other types of Romanian SRL?
Yes, Romanian legislation offers an alternative to the Romanian SRL; this is what the Romanian SRL-D represents, designed to help young entrepreneurs set up a business.
Romanian companies, new obligations under the Tax Code 2023
The Romanian authorities have introduced a new series of tax measures for 2023. They are regulated by Government Ordinance no. 16/2022 and were published in the Romanian Official Gazette on 15 July 2022.
The new tax regulations introduce a number of changes relating to
- corporation tax ;
- taxation of dividends ;
- taxation of Romanian companies classified as micro-enterprises;
- the types of company that cannot benefit from the micro-company regime;
- property tax, etc.
The new tax law for 2023 provides for certain changes in the way VAT is applied. From 1 January 2023, the new tax law provides for certain reduced VAT rates to be modified for certain suppliers of products or services.
For example, the hotel, accommodation, catering and restaurant sectors will be charged VAT at a rate of 9% from 1 January 2023, instead of the rate of 5% that applied until 1 January 2023.
A new regulation referring to the VAT applied to flavoured and sweetened non-alcoholic drinks. Instead of the reduced rate of 9%, from 1 January 2023 these products will be invoiced with a tax rate of 19% (CN code 2202 99 and CN code 2202 10 00).
What are the new regulations governing micro-businesses in Romania?
The Romanian micro-enterprise scheme was created to promote investment among young entrepreneurs, who benefit from a preferential tax regime. This policy has been crowned with success, as many Romanians have decided to set up a business, given its advantages.
Under the new Tax Code, the rules governing the micro-company regime have been amended, including the definition of what a micro-company can be from a legal point of view.
The provisions introduced by Government Order 16/2022 will apply from 1 January 2023.
Under the new legal framework, a Romanian micro-enterprise will be defined as follows:
- it is not allowed to have more than 20% of its turnover from consultancy/management services ;
- it is necessary to employ at least 1 full-time employee (unlike the previous law, where the company could operate without any employees);
- the company’s turnover may not exceed €500,000;
- The shareholders of the micro-company must hold a maximum of 25% of the shares in a maximum of 3 other micro-companies.
What are the professional obligations of a Romanian micro-business?
As stated above, a Romanian micro-enterprise must employ at least 1 employee in order to benefit from the micro-enterprise tax regime. Having an employee is no longer an option, but an obligation.
In addition, the employee must be hired on a full-time contract. We can provide you with detailed information on the labour regulations currently in force in Romania.
If the micro-enterprise has only one employee and the contractual relationship comes to an end, for whatever reason, the company must seek to take on a new employee in order to retain the micro-enterprise regime.
Thus, the company’s obligation is to take on a new employee within 30 days of the termination of the contract. There are 2 options:
- take on a full-time employee on a permanent contract ;
- take on a full-time employee under a fixed-term contract signed for a minimum of 12 months.
The new tax code imposes a new corporation tax for the micro-company regime, which is levied at a rate of 1% regardless of the number of employment contracts or other conditions.
A company will retain this advantageous tax regime as long as it maintains the conditions stipulated for the new definition of a micro-enterprise. To the extent that the business is unable to meet all of these conditions, the standard tax regime will apply.
Where this applies, the company will be considered a regular corporate taxpayer from the quarter in which one of the micro-company conditions mentioned above is not met by the legal entity.
This means that the company can switch from a micro-corporation regime to a corporate taxpayer regime during the same financial year.
ONE OF THE LOWEST TAXES IN EUROPE FOR ROMANIAN MICRO-ENTERPRISES: from 1 to 3% corporation tax
A foreign company may be the sole shareholder (if a limited liability company) or the foreign company may be a shareholder with at least 1 other shareholder who may be a legal entity or a private individual (if a joint stock company).
The most common way to set up a business in Romania is to register a limited liability company (societate cu raspundere limitata – SRL).
Companies in Romania can also take the form of partnerships and joint-stock companies. Depending on the nature of the business, these companies may also be liable to pay VAT in Romania.
To open a business in Romania, it must be registered with the National Office of the Trade Register, an institution that operates under the aegis of the Romanian Chamber of Commerce and Industry.
This body, the National Trade Register Office, is a public institution that collects data on all companies registered at national level.
What are the requirements for shareholders/directors of a Romanian company in 2023?
When opening a business in Romania, foreign investors are not subject to any restrictions.
This gives the right to Companies incorporation in Romania to both local and foreign businessmen. Please note that there are no requirements regarding the nationality of appointed directors. Romanian law also allows shareholders and directors of companies.
What are the obligations of the Romanian trade register?
Les opérations d’enregistrement légal telles que la création de nouvelles sociétés roumaines, le changement du siège social de la société, la modification de toute clause des statuts, la cession d’actions sociales et autres, nécessitent la vérification du dossier et des documents par un greffier et un juge du registre du commerce.
Les juges du registre du commerce examinent les informations soumises, l’exactitude des documents du point de vue juridique (statuts, affidavits, spécimens de signature, etc.) et demandent des informations complémentaires aux actionnaires et/ou aux administrateurs ou à leurs représentants ou approuvent l’opération.
À compter de la date d’approbation de la constitution d’une société roumaine, le registre du commerce roumain a généralement besoin d’environ 3 à 5 jours ouvrables pour délivrer le certificat de constitution. D’autres informations utiles sur le registre du commerce et ses activités dans toute la Roumanie sont présentées ci-dessous :
- le registre du commerce est un établissement public et est tenu, en vertu de la législation locale, de délivrer, aux frais de la personne qui en fait la demande, des copies officielles des documents enregistrés dans sa base de données ;
- il doit également fournir des informations sur les données enregistrées et offrir des informations sur l’existence de certains documents dans les registres duregistre du commerce roumain ;
- les décisions desjuges du registre du commerce peuvent faire l’objet d’un recours dans un délai n’excédant pas 15 jours ;
- le Registre du Commerce de Roumanie a établi des bureaux dans 42 comtés, au niveau national.
Legal registration operations, such as the creation of new Romanian companies, changing the company’s registered office, amending any clause in the articles of association, transferring shares, etc., require the file and documents to be checked by a Registrar and a Commercial Registry Judge.
The Commercial Registry judges examine the information submitted, the legal accuracy of the documents (articles of association, affidavits, specimen signatures, etc.) and request additional information from the shareholders and/or directors or their representatives, or approve the transaction.
From the date of approval of the incorporation of a Romanian company, the Romanian Commercial Registry generally needs approximately 3 to 5 working days to issue the certificate of incorporation. Further useful information about the Commercial Register and its activities throughout Romania is set out below:
- the trade register is a public institution and is obliged, under local legislation, to issue, at the expense of the person requesting it, official copies of the documents registered in its database ;
- it must also provide information on the data registered and offer information on the existence of certain documents in the Romanian Commercial Register registers;
the decisions of the judges of the Commercial Register may be appealed within a period not exceeding 15 days; - the Romanian Trade Register has established offices in 42 counties nationwide.
What legislation governs the activities of the Romanian commercial register?
The activity of the Romanian Trade Register is governed by multiple legal rules; the basic regulations relating to this institution are set out in law no. 26/1990 on the trade register.
The institution’s activity is also governed by the provisions of law no. 31/1991 on companies, law no. 33/2000 on insurance activity and insurance supervision, etc.
The institution’s activity is also governed by the provisions of Act no. 161/2003, Act no. 297/2004, Act no. 359/2004, Act no. 566/2004, Act no. 1/2005, Act no. 93/2009 or Act no. 202/2010.
How many companies have been registered in Romania?
As the Commercial Register is the main institution where local companies are registered, the institution also holds current statistics on companies incorporated there. The most recent data, for 2022, show the following statistics on limited liability companies in Romania:
- the largest number of companies registered in the Commercial Register was recorded in Bucharest, the country’s capital, which has 246,118 active limited liability companies;
- In Timis country, there are 51,055 limited liability companies, and in Lasi 37,424;
in Cluj, one of Romania’s largest cities, there are 62,556 companies; - inBrasov, another major Romanian city, the number of active companies is 37,064;
- inPrahova there are 33,310 companies.
Overall, Romania has 1.1 million active companies, most of which are limited liability companies (SRL) (1,105,079 companies). A very small share is represented by joint-stock companies, out of only 8,180 active companies.
In most cases, foreign investors opt for the limited liability company (SRL), as this entity is designed for small and medium-sized businesses, and the majority of companies in Romania can be included in this category.
A brief history of the Romanian trade register
The history of the Romanian Commercial Register (in the legal sense of the term) begins in 1864, when the authorities of the time created the Chambers of Commerce and Industry.
In 1884, new legislation was created, the Company Registration Act, which stipulated that data on local companies had to be recorded and kept according to specific rules by the Commercial Register.
Over the years, the institution continued to operate until 1950, when the Commercial Register was abolished as a result of the political regime in the country at that time.
The institution ceased to operate until 1990, after the fall of the communist regime. Since 2002, the institution has been part of the Romanian Ministry of Justice, and since then it has become a full member of international structures such as the European Forum of Commercial Registers and the Business Registers Forum.
How can you open a business in Romania, with the commercial register in 2023?
The procedure for setting up a company in Romania depends on the type of legal entity selected for incorporation.
All types of company recognised under Romanian law must be registered with this institution, and this also applies to companies that are not considered legal entities (such as sole traders). The documents required by the institution therefore also vary.
The procedure for setting up a company in Romania depends on the type of legal entity selected for incorporation.
All types of company recognised under Romanian law must be registered with this institution, and this also applies to companies that are not considered to be legal entities (such as sole traders). The documents required by the institution therefore also vary.
Reasons for setting up a business in Romania
In addition to the reasons that have been outlined above, investors may choose to set up a company in Romania because of other important issues – which may refer to the country’s strategic location, the tax advantages that investors can obtain here and other aspects that may be important. Here is a short list that should be considered when setting up a business in Romania:
Romania is very close to important economic and cultural centres in Europe -Bucharest is 3 hours from London and 2 hours from Berlin (by plane) ;
Internet connection is very good in Romania – it ranks 5th in the world for Internet speed (37.4 Mb/s);
the country ranks 6th in the world for IT specialists, and those looking for the best business start-up in Romania can easily choose this sector;
although the country is experiencing various economic problems, in 2017 Romania had the fastest growing economy in the EU;
standard corporation tax is 16%, while micro-enterprises benefit from a preferential tax regime, with a tax of only 1% to 3%.
As an option, on request and subject to quotation, we can help you to create the economic substance of your company (setting up, implementation, recruitment, organisation, development).
*Direct debit/mail: €32.8 + VAT/month payable per year.
*The creation of a bank account* by a third party is illegal, even with a power of attorney; we invite you to be wary of sites offering to open a bank account* for you. An independent manager from our company, an account manager working for the bank, will call you to deal with your application to open a bank account*. Our service is to put you in touch with the bank and not to open a bank account*. The bank alone decides whether or not to open a bank account* (art. L. 312-1, II CMF). The profile of the applicant for a bank account* and his/her eligibility to open a bank account* are decisive factors in the bank’s decision. We do not open a bank account ourselves and do not guarantee the opening of a bank account*. Banking introduction* is a service obligation, not a performance obligation or a results requirement. See our other special terms and conditions Special terms and conditions and general terms and conditions of sale Terms and conditions of use, terms and conditions of sale and privacy policy.