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This Romanian law provides a framework for the organization and functioning of commercial companies in Romania. Here is a structured summary highlighting the essential points of a commercial code in Romania: General Provisions Establishment of Companies: Individuals...

The registration of a new company in Romania involves numerous formalities that may be beyond the capacity of a person who does not deal with company incorporation professionally. To help would-be owners, we have prepared a short guide on what to keep in mind when...

The following checklist contains the points about which information is necessary for company formation. 1. Registered office with a registered address - having a physical registered office of the company in Romania is one of the basic requirements for company...

A limited liability company, or Societate cu răspundere limitata (S.R.L.) is one of the most popular and effective forms of doing business in Romania. Similar to the Polish Commercial Companies Code, Romanian law defines S.R.L. as a form of business in which the...

The tax rates applicable to entrepreneurs with a registered business in Romania are among the lowest in the entire European Union. Taxation on micro businesses, i.e. companies with an annual revenue of less than €500 000, is only 1%. In contrast, larger companies are...

Societate cu raspundere limitata (S.R.L.), or limited liability company, is the most common form of business in Romania. In an S.R.L, the number of founding partners can be as high as 50 and their liability for the company, as defined in the definition of a limited...