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Romania
Europe Emirates Group can help you start your business in Romania
Romania company formation comes as a limited liability option and is available to individuals from any nation and resident in any jurisdiction. Two working weeks is the usual timeframe to complete the incorporation process.
A registered address and agent are prerequisites and Romanian law requires that the owners of the company travel to the country to incorporate. This involves a notary visit, delivery of documentation to the Company Register, collection of the approved documents and bank account opening (for which owners must be present).
Directors must provide acceptable photographic ID and proof of residency via utility bills or recent bank statements. The company also has to provide its proposed name and major activity to the Trade Register Office.
Only one director and shareholder are required to open a company, and they can be one and the same. For a limited liability company, a maximum of 50 shareholders is permitted and they can be corporations.
A physical office address is required but a locally appointed secretary is not mandated. A VAT number also needs to be obtained, share certificates issued and annual licence fees, renewal fees also apply.
