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Opening SRL Company in
Romania
Q: Are there any special requirements for
setting up a Romanian LTD Company?
The Romanian SRL is the most common type of
company in the country. There are no limitations in regards to the
nationality and residence of directors and shareholders. There is a maximum
number of 50 shareholders and a minimum of one shareholder and one director
(called "administrator").
Q: What is the minimum share capital of a
Romanian LLC Company?
200 Lei (around 60 Euros). This amount will
have to be deposited in a share capital account before the SRL formation is
started. There is also the possibility of in-kind contributions to the
company's share capital.
Q: How much does it cost to create a Romanian
Limited Liability Company (SRL)?
Costs depend on the type of
structure, number of shareholders and directors, purchase of additional
services such as Romanian VAT Registration, Registered Office, Virtual
Office etc. Our attorney-fees usually amount to between 600 - 1,000 Euros depending
on the client's requirements.
Q: What documents are required for the setup
of a SRL in Romania?
Documents depend on the type of shareholders
and directors, but will include: a Power of Attorney (if not visiting
Romania in person), a Special Affidavit and a Specimen Signature.
Q: Do I have to visit Romania in person for
the SRL company incorporation?
No. Documents can be drafted by our Law
Firm in Romania and notarized and apostilled or authenticated by the
Romanian Embassy in your country of residence.
Then they will have to be sent to our office in original.
Q: Are you able to set up Romanian bank
accounts for my SRL?
Yes. An active, corporate bank account is
included in our company formation package. This includes internet banking
access.
Q: Do you offer a registered office for
the future LTD in Romania?
Yes. Our Law Firm is able to offer a local
registered office, as well as virtual office services such as mail
forwarding and a local phone or fax number.
Q: Do you cover other legal areas besides
the formation of Romanian LLC companies?
Yes. Enescu & Cuc Law Firm is specialized in
all aspects of Commercial and Real Estate Law. Please visit
www.RomanianLawOffice.com for
more details.
Q: Do you offer accounting services in
Romania?
We offer accounting services through our
local affiliates.
Q: How are shares transferred in a
Romanian SRL?
Shares are not transferred freely. Any share
transfer must be approved by the shareholder in certain conditions and
registered with the local Trade Register in Romania.
Q: Can you help me set up my SRL in other
cities besides Bucharest?
Yes. We can assist you to start your SRL in
all Romanian major cities.
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A Romanian branch
(called a "Sucursala") is an entity without its own legal personality.
This means that it does not have its own patrimony apart from the
parent-company. It is registered however in a similar manner with the Romanian
Subsidiary and with the same public institution, namely the Trade Register.