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Setting up
Representative Office in
Romania
Q: Are there any special requirements for
creating a Romanian Representative Office ("Reprezentanta")?
A Romanian Representative Office is a
structure entirely different from a Romanian Branch or Subsidiary. This type
of entity is not independent from the parent-company and has certain
important limitations: it cannot produce goods or provide services. The only
purpose of the Romanian Representative Office is to intermediate business
relations between the parent-company and its Romanian clients. In practice
this type of structure is mainly used for marketing services.
Q: What is the minimum share capital of a
Romanian Representative Office?
The Romanian Representative Office does not
have its own patrimony and share capital.
Q: How much does it cost to create a Romanian
Representative Office?
It is important to note that the Romanian
Representative Office is not registered through the Trade Register (like the
Branch and Subsidiary) but rather through The Ministry of Economy and
Commerce. The Representative Office has a flat incorporation tax and a flat
corporate tax regardless of its activity in Romania. Other incorporation
fees are rather similar to branches and subsidiaries.
Q: What documents are required for the setup
of a Representative Office in Romania?
Documents will include Certificate of Registration and Trade
Register Extract of the parent-company, Bank Letter, Resolution and Articles
of Association, Specimen Signature and Affidavit for the
Romanian representative as well as a Power of Attorney if the procedure is
going to be completed without a personal visit to Romania.
Q: Do I have to visit Romania in person for
the Representative Office 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: Do you offer a registered office for
the future Romanian Representative Office?
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 Representative Offices?
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: Can you help me set up my
Representative Office
in other cities besides Bucharest?
Yes. We can assist you to start your
"Reprezentanta" 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.