Romania Company Formation
How does the company formation process work in Romania? Here are the details.
Romania company formation comes as a limited liability option and is available to individuals from any nation and resident in any jurisdiction. The company formation process in Romania usually takes two working weeks.
Only one director and shareholder are required to open a company, and they can be the same. For a limited liability company, a maximum of 50 shareholders are permitted, and they can also be corporations.
Romanian law requires the company’s owners to travel there to incorporate. The prerequisites for the process are an agent and a registered address.
The company formation process includes a notary visit, delivering documentation to the Company Register, collecting the approved documents and opening a bank account (this step requires the owners to be present).
The documents required at formation are:
Photo identification and proof of residency via utility bills or recent bank statements of company directors
Proposed names and significant activities to the Trade Register Office
While you must have a physical office address, you do not need a locally appointed secretary. You must also obtain a VAT number and issue share certificates. Annual licence and renewal fees apply.