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Are you planning to register your business in Romania but stuck due to the challenges? If yes, let our experts at Enterslice reduce your burden and save time during company registration in Romania.
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Benefits of company registration in Romania include:
Types of structures for company formation in Romania Mainland include:
Documents required for online company formation in Romania include:
Some of the top businesses for foreign entrepreneurs applying for company registration in Romania are:
The procedure for company registration in Romania includes the following steps:
No more tiresome process, no more hurdles! Online company setup in Romania is easy with Enterslice.
Company registration in Romania provides a competitive advantage for doing business in its mixed economy model. The National Trade Register Office (ONRC) ensures a smooth and efficient registration process for both local and foreign entrepreneurs. Additionally, Romania's rich and strategic location offers significant benefits to businesses aiming for growth and expansion.
Mainland business setup in Romania, an ideal destination with a projected economic growth of $406.2 billion, is exclusively overseen by the National Trade Register Office (ONRC), which is a government agency responsible for maintaining official records of the business. However, the Romania company registration is considered the best option for foreign entrepreneurs intending to register, start, and manage their dream business. Talk to our professionals at Enterslice and enjoy worry-free company registration in Romania.
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The local and foreign entrepreneurs seeking online business registration must choose from the legally recognized business structures in Romania. Have a look over some of the typical business structures best suited for company formation in Romania-
Limited liability company commonly known as societate cu raspundere limitata is among the most common forms of business structure which requires at least one or more shareholders liable for the company’s debt only up to the proportion of capital invested. The limited liability companies are best suited for small and medium-sized enterprises mandatorily registered with the Romanian Trade Registry.
Joint stock company typically known as societate pe actiuni is a business structure best suited to larger business and investment projects intending to raise capital by selling shares. The joint stock companies are further subject to complex regulations and reporting requirements as specified by the concerned authorities.
Branch office (i.e., sucursală) which is an extension of the parent company is subject to Romanian law and taxation regulations. The branch office which only have legal nature must be registered before establishing where they will operate in the Commercial Register of the Region.
Romanian partnership is a legal business structure divided into limited partnership (societate in comandita simpla- SCS) having at least 1 limited and 1 general partner not responsible for debts of the partnership, and General Partnership (societate in nume colectiv- SNC) having 2 or more shareholders responsible for unlimited and joint liability for social contribution.
Romanian sole entrepreneur or proprietorship commonly known as Persoana Fizica Autorizata is a business structure owned and operated by a single individual. This form of business structure is best suited for small business owners and freelancers who are personally liable for all business associated debts.
The step-by-step guide for company formation in Romania Mainland is an approach that assists entrepreneurs in understanding the requirements, procedures, and benefits of starting a business setup. Have a look over the detailed procedure for company registration in Romania, as explained below:
The applicants must initially choose a suitable business structure based on their business requirements and preference of registering a company through the National Trade Register Office of Romania.
The applicants must further reserve a unique and distinct company name, reflecting the goals and objectives of the business. The name reserved with the National Trade Register Office must align with the business idea of the company.
Our experts at Enterslice will help you prepare the documents and get them submitted to the National Trade Register Office (ONRC). Documents such as AoA, details of business activities, etc., are submitted along with an application.
The applicants establishing a strong business network must file an online application for company registration with the competent Trade Registry Office established under the Ministry of Justice.
Upon the successful filing of the online application, the Trade Register (Ministry of Justice, Romania) is authorized for the issuance of a certificate of incorporation necessary for carrying out business activities in Romania.
The company formation in Romania typically takes around 7 to 10 working days, depending upon the complexity of the process and additional approvals required. However, the generalized timeline for Mainland business setup in Romania is as explained below:
It takes 1 to 2 working days to decide on the legal structure and select a unique name for setting up a business in Romania.
It takes 2 to 3 working days to successfully prepare necessary documents like AoA, shareholders details, proof of registered office, and bank statement.
The timeline for submission of the registration application to the Trade Registry takes around 1 working day.
It takes around 2 to 3 working days to obtain approval and issuance of a company registration certificate from the Trade Registry.
It takes around 1 to 2 working days to open a designated bank account with a local bank in Romania.
The list of documents required for company registration in Romania are as provided below:
ID Card of Shareholders and Directors
Copies of Passports of all Directors and Shareholders
Detail of Business Activities
Utility Bill
Name Reservation Certificate
Capital Deposit Confirmation
Registered Office Address Proof
Lease Agreement
Yes, the non-resident foreign entrepreneurs making submission of relevant work permits are eligible to register a company in Romania. However, the work permits include permit for seasonal workers, athletes, permanent employees, nominal workers, and cross-border workers seeking company registration in Romania.
The fastest-growing economic environment and optimal taxation system of Romania attracts lots of foreign investors and entrepreneurs interested in developing their Mainland business setup in Romania. Simplify your online company setup in the 100% investor-friendly business environment of Romania which allows full control and ownership within the country.
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Registering a company in Romania offers numerous benefits, driving business growth in one of Europe’s fastest-growing economies. It also provides access to a market of over 500 million consumers. Have a look at the benefits of company registration in Romania-
Romania's strategic geographical location serves as a gateway between the Middle East and Europe. Its access to the Black Sea further facilitates seamless transportation, making export and import activities more efficient.
Romania which boosts a highly skilled and diligent workforce, particularly in field of IT, engineering, and finance is considered a strong country simplifying effective operation of international business setup.
The attractive taxation system of Romania which has entered into numerous double-taxation treaties boosts the most favourable corporate tax rate of the businesses. It further reduces the tax burden applied to the local and non-resident entities developing commercial activities in the business landscape of Romania.
Romania, the Eastern European country reputed as a leading IT and tech hub attracts global entrepreneurs seeking technical expertise, creativity, and problem-solving skills. However, cities like Bucharest, Cluj-Napoca, and Iași are considered major technology hubs hosting a number of startups, IT development companies, and R&D centres.
Since Romania is a member of European Union (EU), it facilitates free trade and access to various EU funding programs and incentives. The company registered in Romania can sell its services and products to other EU members, resulting in a larger target market.
Romania’s well-developed infrastructure and connectivity including road networks, modern airports, major ports, and highest internet speed facilitates continuous investment landscape, making it the best country for setting up a business structure.
Below mentioned are some of the legal requirements for company formation in Romania Mainland:
The top 10 industries best suited for online company setup in Romania are as discussed below:
Top 10 Industries for Company Formation in Romania Mainland
10 Businesses Ideas for Mainland Business Setup in Romania
The post-registration compliances for company registration in Romania are mentioned below-
With a proven track record of 10+ years, Enterslice helps entrepreneurs overcome challenges in establishing their dream business in Romania. Connect with us to simplify the process and enjoy a hassle-free experience for company registration in Romania.
The cost to register business in Romania starts from $799.
Yes, a foreign entrepreneur holding a relevant work permit and license is eligible to own and carry out business operations in Romania.
Yes, Romania, which offers a strategic geographical location, highly skilled & diligent workforce, attractive taxation system, technical expertise, creativity & problem-solving skills, free trade & access to various EU funding programs and incentives is considered a good country to start a company in Romania.
The IT, i.e., Information Technology, business is considered the most profitable and largest industry benefiting from attractive investment incentives in Romania.
The Romanian tax residents are liable to Romanian tax on their worldwide income, whereas the non-Romanian tax residents are only liable to Romanian tax on their revenue source income.
Limited liability company commonly known as societate cu raspundere limitata is among the most common forms of business structure which requires at least one or more shareholders liable for the company’s debt only up to the proportion of capital invested.
The timeframe to open a company in Romania takes around 7 to 14 working days, varying depending on factors like the structure of the business, necessary documentation, and capital subscribed.
The National Agency for Fiscal Administration (ANAF) subordinate to the Ministry of Finance is held responsible for administering the taxation system of Romania.
According to the Fiscal Procedure Code of Romania, the tax identification number is required to be registered by the businesses successfully registering their setup under the Trade Registry of Romania.
The applicants seeking VAT registration must make a submission of the Articles of Association, a notarised copy of the company’s registration certificate, IDs of the administrators and directors, trade registry extract, and other requisite documents showing the conduct of taxable business transactions.
The following are some of the types of companies registered under the Trade Registry for company registration in Romania:
The list of documents required for online business registration in Romania are business name reservation certificate, bank account opening documents, Articles of Association, excerpts issued by the Trade Register, copy of passport and IDs of the director, shareholder, or other authorized person, signature specimen of the company's administrator/managers, proof of registered office, standard business registration form(s), fiscal record of each associate and administrators of the company, and certificate of depositing share capital at a bank chosen by company’s associates.
Foreigners can register business in Romania by submitting a relevant work permit. The work permits include permits for seasonal workers, athletes, permanent employees, nominal workers, and cross-border workers.
The corporate tax rate charged on Romanian and foreign companies registered under the Trade Registry of Romania is 16%.
Yes, the Romanian government offers various grants to entrepreneurs for company registration in Romania. Some of the government assistance programs for entrepreneurs are Startmeup Romania, a non-profit program to support businesses; Vitas Romania, targeting the start-up market, and ROMCOM, which provides short-term loans to start-ups as working capital.
Yes, it is possible to establish a sole shareholder or proprietorship in Romania. After July 2020, the entrepreneurs can develop the most common legal structure, which allows a single person to be the sole owner and shareholder of the company.
The validity period of a business name registration certificate in Romania is typically three months.
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