Start Company Romania, Establish Joint Stock Company Romania, Set up SA in Romania





 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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Start Joint Stock Company in Romania

by Vlad Cuc

Q: Are there any special requirements for creating a Romanian Joint Stock Company (SA)?

The formation of a Romanian Joint Stock implies many more requirements than a Romanian Limited Liability. There is a minimum number of 2 shareholders, the requirement to have a Supervisory Board formed of at least 3 censors (at least one must be a certified accountant), appointed for a period of 3 years. If there is more than one director (administrator) than a Board of Directors must be constituted.

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

25,000 Euros. This amount will have to be deposited in a share capital account before the company incorporation 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 Joint Stock Company (SA)?

Investors must firstly consider costs such as the minimum share capital and hiring of the Supervisory Board members. There is also a larger number of documents to be translated and some additional associated costs.

Q: What documents are required for the setup of a SA 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, Specimen Signature, Identification of the Supervisory Board, Board of Directors and the Articles of Association (drafted by our Law Firm).

Q: Do I have to visit Romania in person for the Joint Stock 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: Do you offer a registered office for the future Joint Stock 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 Joint Stock companies?

Yes. Enescu & Cuc Law Firm is specialized in all aspects of Commercial and Real Estate Law. Please visit 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 Joint Company?

Romanian Joint Stock companies register the transfer of shares with a special Register Office in Romania. Any change in ownership of the shares will be notified to the local Trade Register.

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

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

 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


+(4)0744 156 374


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