Setting up a company in Romania how to create a company in Romania

1. Setting up a company in Romania or how to create a company in Romania ? frjacobs@telenet.be

2. Is it easy to create a company in Romania? Today it isrelativelyeasy to set up a company in Romania. Weprovidecustomizedadvice. The establishment of a company in Romania iseasy for us, we have more than 15 years of experience. For information mail frjacobs@telenet.be

3. Choice of legalform of yourRomaniancompany The mostcommonlegalforms are the SRL (BV, BVBA) and the SA (NV). You choose a legalform: 1. Societatecurăspunderelimitată (SRL) - Limited liabilitycompany 2. Societatepeacţiuni (SA) - Public Limited Company The SRL can be 100 percent foreign-owned. The directorsmayalsobe of foreignorigin. The number of participants in an SRL is at least one and at mostfifty. A sole shareholdermay not be a sole shareholder in more than one SRL. The one-man business alsooccursfrequently as an SRL in Romania (asociatunic). The capital contribution can be made both in cash and in kind and amounts to at least 200 lei (1 Ron = 4.75 euros on 8 April 2019).

4. The reservation of the name of yourRomaniancompany Wereserve the name of the company for you at the register. This reservationis the first step in the companycreation in Romania and required by law. Onlyafterapproval of the namereservation by the registerweprepareyour documents for incorporation. The registration of a companynamecontaining the words: national, Romanian, institute or a derivation of thosewords or words or phrases that are characteristic of the central or local public institutions or governments can onlybedone with the permission of the Secretariat General of the Government (SGG) are realized. The availability of the companyname and logo ischecked by the Trade Registerbefore the incorporation articles are drawn up or in the event of a change in the companyname or logo. The verification and reservation of the name of the companytake place at national levelbefore the adoption/draft of the deed of incorporation. The company'sreservationisvalid for a maximum of 3 monthsfrom the date of submission of the application.

5. Checking the availability of the name of the companyisdone by the traderegister office. The name must have a 70 percent difference with regard to existingnamesalreadyreserved. The documents are submitted by us to the ORC within the province where the company has itsregistered office. The job isdonefrom Belgium by mandate and thissavesyou the travelcosts and time. You willonlybe in Romania when the SRL or SA has been established to activate a few things with us (VAT, bank account, accountant, powers of attorney at the notary, ...)

6. The address of your firm's social seat in Romania You can no longer set up a company in a room with a friend in Romania due to the anti-fraud policy. We have two business centres (incubation centres) where we can temporarily or permanently give you a rental contract at competitive rates. Since 2009 we guide start-up companies in these incubation centres. The rental contract of the social seat is signed together with the deed of incorporation in Belgium prior registration by our services on the Romanian register. We prepare the deed of incorporation and all other documents including all declarations and mandates for the establishment of the company. Then we go to the notary in Ghent if you are Belgian or Dutch. In the case of complex set-ups, we provide instructions for the additional documents that you must obtain in the country of origin and instructions where and how you can obtain them and provide them with an apostille. The request for registration in the trade register is made by us with a power of attorney.

7. What do we do during your first visit after setting up your Romanian company? We are going to open your bank accounts for the company and private accounts. We prefer a number of banks, but in principle you are free to choose a bank. We will arrange a telephone and a subscription with roaming for online banking if necessary. We will appoint a reliable bookkeeper at advantageous rates for you. We visit the business centre and your office if you are going to rent a office from us and do some formalities on site for the activation of your company and the VAT / ROI. These are the most important operations when setting up a company in Romania. You save travel costs and have no loss of time. We offer the same service throughout the Romanian territory at a fixed all-in price. For information mail frjacobs@telenet.be