Article - October 7, 2007

 

Romanian Law requires having a Romanian office address for the formation of any Romanian company, no matter if the shareholders are locals or foreigners. This address obviously has influence on where the company is registered (for example it’s impossible to register a company outside Bucharest with a Bucharest address) and it also has influence over the respective tax administration offices.

Downtown Bucharest probably represents the best location for your office  if planning to have activity implying interaction with customers. Victoriei Plaza, Romana Plaza, Universitatii Plaza, Unirii Plaza, Constitutiei Plaza (where the “House of the People” is located).

The headquarters may be established in any location (based on a rent, sub-rent, purchase etc).

The Romanian Trade Register will require a number of documents related to your registered office in Bucharest such as: sale-purchase contract, rental or sub-rental contract or a contract of commodate. It depends on the specific type of building whether they will ask for more when incorporating your company, but if you’re renting or buying in a residential block, you will also have to provide an approval from the building’s administration and approvals from your top/below/left/right neighbors.

Usually the rent in Bucharest for older apartments is around 350 EURO / month. Downtown, the price goes higher from 500 up to 2000 EURO.
Another choice could be renting an office space in a new building. The starting price for this is about 10 EURO / sqm, and goes up to 20 EURO / sqm in downtown.

If you don’t have the possibility buy or rent a location for your registered head office your Romanian legal counsel can provide this (E.g.: www.RomanianLawOffice.com), in a contract valid for one year. At the end of that year the contract can be prolonged for another year and so on.