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:

  • General partnership (Societate in nume colectiv): Corporate obligations are guaranteed by corporate assets and all partners are jointly and severally liable without limitations.
  • Simple limited partnership (Societate in comandita simpla): corporate obligations are guaranteed by corporate assets and active partners are jointly and severally liable without limitations; limited partners are liable only and exclusively to the extent of their contribution.
  • Partnership limited by shares (Societate in comandita pe actiuni): capital is divided into shares and corporate obligations are guaranteed by corporate assets and active partners are jointly and severally liable without limitations; limited partners are only required to pay their shareholdings.
  • Limited liability company (Societate cu raspundere limitata; S.R.L.): corporate obligations are guaranteed by corporate assets; partners are only obliged to pay capital shares.
  • Joint-stock company (Societate pe actiuni, S.A.): corporate obligations are guaranteed by corporate assets; shareholders are only obliged to pay their shares.

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.

ROMANIA

Romania Flag
Average start-up times

5-10 days

Availability of pre-established (ready-made) companies Yes
Accounting Annual
Secretary No
Nominee Shareholder Yes
Nominee Director Yes
Average taxation 16%
Published information about the company's directors

The names of directors and shareholders appear in the Public Register.

Accounting obligations Annual
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
Time Zone UTC+2
Currency Romanian leu
Risk indicators Average political risk: 39%
  • Expropriation and breaches of contract: 54%
  • Risk of war and civil unrest: 36%
  • Transfer of capital and convertibility: 28%
Average credit risk: 58%
  • Failure to pay by sovereign counterpart: 41%
  • Failure to pay by bank counterpart: 66%
  • Failure to pay by corporate counterpart: 66%
GDP growth 4,8%