|
Start Joint Stock
Company in Romania
Q: Are there any special requirements for
creating a Romanian Joint Stock Company (SA)?
The formation of a Romanian Joint Stock
implies many more requirements than a Romanian Limited Liability. There is a
minimum number of 2 shareholders, the requirement to have a Supervisory
Board formed of at least 3 censors (at least one must be a certified
accountant), appointed for a period of 3 years. If there is more than one
director (administrator) than a Board of Directors must be constituted.
Q: What is the minimum share capital of a
Romanian SA Company?
25,000 Euros. This amount will have to be
deposited in a share capital account before the company incorporation 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
Joint Stock Company (SA)?
Investors must firstly consider costs such as
the minimum share capital and hiring of the Supervisory Board members. There
is also a larger number of documents to be translated and some additional
associated costs.
Q: What documents are required for the setup
of a SA 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, Specimen Signature, Identification
of the Supervisory Board, Board of Directors and the Articles of Association
(drafted by our Law Firm).
Q: Do I have to visit Romania in person for
the Joint Stock 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: Do you offer a registered office for
the future Joint Stock 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 Joint Stock 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 Joint Company?
Romanian Joint Stock companies register the
transfer of shares with a special Register Office in Romania. Any change in
ownership of the shares will be notified to the local Trade Register.
Q: Can you help me set up my Joint Stock
in other cities besides Bucharest?
Yes. We can assist you to start your SA in
all Romanian major cities.
| 
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.