Register a company in Romania

Positive Invest offers individuals and legal entities services for opening companies in Romania - one of the most promising countries for cooperation and entry into the European market.

When deciding to open a company in Romania, the following should be taken into account:

• the country is actively improving financial legislation, trying to bring it as close as possible to EU standards;
• Romania has a fairly stable economy, little affected by the crises of recent years. In recent years, tax rates have been significantly reduced. The government abandoned the progressive income tax rate;
• the owner of the company can apply for a residence permit and a Schengen visa to enter all EU countries;
• settlements within the country are carried out in lei. The country has not joined the eurozone;
• the official language is Romanian. Documentation is in Romanian and English.

Registration of a company in Romania: forms of ownership

In the country, when opening a company, you can choose from a variety of forms of ownership. For non-residents, the following will be of most interest:

• limited liability companies (SRL);
• branch of a foreign company (Branch).

Opening a Limited Liability Company in Romania

Registration of an LLC involves the following:

• the authorized capital can be declared in the amount of at least 200 Romanian lei (approximately 70 euros);
• the owner of a limited liability company can be one participant, equally, an individual and a legal entity;
• there are no restrictions on the participation of foreign citizens in the opening of enterprises in the country;
• the maximum number of owners is legally limited: no more than 50;
• each owner is responsible for the debts of the company only with his contribution to the authorized capital;
• directors can be appointed at the general meeting of owners. He may be the owner of the company. The laws do not require the director to have Romanian citizenship;
• a company registered in Romania must have an official address. If the building or office is owned by a third party, a lease agreement is required;
• bookkeeping is required. Reporting to regulatory authorities is provided on a quarterly basis.

Buying a company in Romania: Taxes

All companies, regardless of the source of profit, pay income tax at a rate of 16%. If the enterprise belongs to small and ultra-small, then the income tax rate is 3% of the profit received.

Value added tax is paid at the rate of 24%. Companies providing medical services, organizing film screenings, entertainment events, publishing and selling books can reduce the VAT rate to 9%. Enterprises providing banking, credit, and educational services are completely exempt from paying VAT.

Income tax in Romania is paid at a rate of 16%. The income tax scale in the country is flat. Dividends, royalties are subject to income tax at a rate of 10%.

How to open a company in Romania

Opening a company in Romania requires the following steps:

1. Name choice. It must be unique, include words in Romanian. Pre-approval is provided if the name contains words related to the name of the country, nationality, etc. The developed name must be approved by the Romanian Office for Inventions and Trademarks.
2. Development of the charter with the obligatory indication of the types of activity, form of ownership, shares of owners and other necessary sections. Previously, the owners must hold a meeting and develop a decision on the establishment of a Limited Liability Company.
3. Providing a set of documents for registration in the Commercial Register.
4. Submission of an application to the bank to open a current account. The authorized capital is deposited on the open account. Current account can be opened in any bank in the world.
5. Delivery of the first copy of financial statements. By the time of registering a company in Romania, it is necessary to conclude an agreement on hiring an accountant.

Работа с Позитив Инвест для регистрации или покупки компании в Румынии

Romania is one of the new and developing countries of the EU. The government seeks to attract foreign investors and creates the most comfortable conditions for companies to operate.

Companies, regardless of who owns them, can qualify for government subsidies. Business owners can obtain citizenship in a simplified manner. Opening a company in Romania allows you to enter European markets in the shortest possible time, makes it possible to receive loans at reduced rates.

You can fully appreciate the advantages of working in Romania with the company Positive Invest. Experienced lawyers will prepare documents for registration for you, conclude contracts for the lease of a legal address, for hiring a director and an accountant. You do not go through bureaucratic procedures, but get a turnkey company.

Contact Positive Invest if you want to start working in the European markets in the shortest possible time!