Open Company in Romania, Set Up SRL Romania, Create Romanian LTD Company


 

 

 

 

 Set up Branch
A Romanian branch (called a "Sucursala") is an entity without its own legal personality. This means that it does not have its own patrimony apart from the parent-company. It is registered however in a similar manner with the Romanian Subsidiary and with the same public institution, namely the Trade Register.

 

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 Set up Subsidiary
The Romanian Subsidiary (called a "Filiala") has the status of any regular Romanian SRL (Limited Liability Company). The only difference is that the parent company is the only or majority shareholder in the company. This type of structure does not imply a different incorporation procedure other than any other Romanian SRL.

 

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Opening SRL Company in Romania

by Vlad Cuc

Q: Are there any special requirements for setting up a Romanian LTD Company?

The Romanian SRL is the most common type of company in the country. There are no limitations in regards to the nationality and residence of directors and shareholders. There is a maximum number of 50 shareholders and a minimum of one shareholder and one director (called "administrator").

Q: What is the minimum share capital of a Romanian LLC Company?

200 Lei (around 60 Euros). This amount will have to be deposited in a share capital account before the SRL formation is started. There is also the possibility of in-kind contributions to the company's share capital.

Q: How much does it cost to create a Romanian Limited Liability Company (SRL)?

Costs depend on the type of structure, number of shareholders and directors, purchase of additional services such as Romanian VAT Registration, Registered Office, Virtual Office etc. Our attorney-fees usually amount to between 600 - 1,000 Euros depending on the client's requirements.

Q: What documents are required for the setup of a SRL in Romania?

Documents depend on the type of shareholders and directors, but will include: a Power of Attorney (if not visiting Romania in person), a Special Affidavit and a Specimen Signature.

Q: Do I have to visit Romania in person for the SRL company incorporation?

No. Documents can be drafted by our Law Firm in Romania and notarized and apostilled or authenticated by the Romanian Embassy in your country of residence. Then they will have to be sent to our office in original.

Q: Are you able to set up Romanian bank accounts for my SRL?

Yes. An active, corporate bank account is included in our company formation package. This includes internet banking access.

Q: Do you offer a registered office for the future LTD in Romania?

Yes. Our Law Firm is able to offer a local registered office, as well as virtual office services such as mail forwarding and a local phone or fax number.

Q: Do you cover other legal areas besides the formation of Romanian LLC companies?

Yes. Enescu & Cuc Law Firm is specialized in all aspects of Commercial and Real Estate Law. Please visit www.RomanianLawOffice.com for more details.

Q: Do you offer accounting services in Romania?

We offer accounting services through our local affiliates.

Q: How are shares transferred in a Romanian SRL?

Shares are not transferred freely. Any share transfer must be approved by the shareholder in certain conditions and registered with the local Trade Register in Romania.

Q: Can you help me set up my SRL in other cities besides Bucharest?

Yes. We can assist you to start your SRL in all Romanian major cities.

Do you have affiliate companies in other countries?

Yes. We have affiliate companies in Netherlands and most European countries. Contact us in order to put you touch with our international affiliates.

 


 Who we are
Enescu & Cuc is a business law firm situated in Bucharest, Romania, specialized in commercial law and commercial litigation. Until now our Law Firm has represented over 200 foreign clients requiring company formation services in Romania.
We handle:
SRL Company Formation

Formation of Romanian Joint Stock                              Setup of Branches         Registration of Subsidiaries    Incorporating Representative Offices                            VAT Registration          Virtual Office

Contact us

Phone/Fax:

+40 21.232.14.99
Mobile:
+(4)0744 156 374

Email:

office@theromanianclub.com

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