Romania has been a member of the European Union since 2007 and is one of the best scenarios for establishing an onshore business in the European scene. Establishing a company in Romania enables benefiting from a good tax system and a convenient location (in the heart of Europe), and optimising margins by means of an import/export structure.
The following corporate legal forms are envisaged by law:
For the purpose of registering a company, it is compulsory to pay the share capital, the minimum required amount of which is 200 RON for Limited Liability Companies (also with sole shareholder) and 90,000 RON 90,000 for Joint-Stock Companies, with a minimum number of two partners.
|Average start-up times||
|Availability of pre-established (ready-made) companies||Yes|
|Published information about the company's directors||
The names of directors and shareholders appear in the Public Register.
|Legislation and controls||
The Romanian National Business Register Office is a public entity with legal personality, which comes under the Ministry of Justice. The Romanian Business Register was established and operates under Law no. 26/1990 on the Business Register.
Commercial law in Romania is governed by: Law 332 (29.06.2001) amended by UOG 85/24 June 2008 (updated on 28.01.2015), concerning the promotion of direct investment with significant impact on the economy; Urgent Order of Government 92/1997 to stimulate direct investment; Government Order 66/1997 concerning the system of foreign investment in Romania realised through the purchase of government securities (modified by Law 46/2006).
|Confidentiality||Bearer shares are not permitted|
|Risk indicators||Average political risk: 39%