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Romania Company Formation

European jurisdiction with respected reputation. It is the seventh most populous member of the European Union.
Time of Romania Limited Liability company formation takes 1-2 WEEKS.
Personal presence is not required.
Popular company type:
- Romaniaa Limited Liability Company – Societate cu Raspundere Limitata (SRL)

Tax Rates in Romania

Corporation Tax in Romania: 16% which can be reduced to as low as 1% for small companies.
Income Tax in Romania: around 10% However, there are certain exceptions from this rule (e.g. the tax rate for dividends, the tax rate for income from the transfer of immovable property, the tax rate for income from gambling activities depends on the income level).
VAT Tax in Romania: 19%; 5% and 9% reduced rates.

About Romania

Country: Romania

Capital: Bucharest

Continent: Southeastern Europe

Language: Romanian is the official and main language of Romania and the Republic of Moldova.

Currency: The Romanian leu (RON)

Time Zones: GMT +2

Dial Code: +40

Abbreviations: RO

What we can do for your Company in Romania

We do all paperwork on forming the company in Romania
Formation is completely remote
Can act as Secretary or Treasury
Provide nominee Directors/Shareholders
Assist with opening a bank account
Registration for Taxes, VAT & EORI
Develop a website for your business
Create a logo of your brand

Provide with full company administration services
Arrange a mailing address for your business
Arrange a virtual office for your company
Telephone answering service
Book keeping, audit & reporting
Preparing and submitting VAT return
Dealing with local authority
Trademark registration

Romania Company Formation. Limited Liability Company Registration

Main Characteristics and the basic rules of Company registration in Romania

Romania - Introduction

Romania is located in Southeast and Central Europe, on the Black Sea, between Bulgaria and Ukraine. It also borders Hungary, Serbia and Moldova. It is the seventh most populous member of the European Union. Its capital and largest city is Bucharest, the sixth largest city in the EU.

Romania is one of the most promising places in Europe for investors looking to start a new company. The most common type of company in Romania is the limited liability company – Societate cu Raspundere Limitata (SRL). This type of business can be easily opened in Romania. This type of company is a legal entity that is separate from the individuals who run it.

Romania is increasingly able to attract foreign investment due to its strong economy, membership in the European Union and favorable legislation. That is why Romania has become a good place to start a business on land.

Romania is a full member of the EU and is currently one of the most promising locations in Europe for investors looking to set up a new company.

In order to set up a company in Romania, you first need to choose the type of business form, to prepare the file and to submit the application at the Trade Register. Note that the most common forms of business in Romania are the Limited Liability Company along with the Joint Stock Company and Branches.

Financial Advantages

Romania Company Formation	Financial Advantages
Taxation:	16% Corporate Tax
Double Taxation Treaty Access:	Yes, Romania has tax treaties with other countries to foster cooperation between Romania and other international tax authorities. Has total of 53 Treaty Access.
Romania Tax Information Exchange Agreements:	Yes, Romania signs Exchange Agreements
Account Filing Requirements:	Yes accounting and reporting requirements
Annual Return Filing Requirements:	No annual return/ reporting requirements.
Audit Requirements:	Yes audit required.

Registration Requirements

Romania Company Formation	Registration Requirements
Share Capital:	There is no maximum limit for the share capital, only a minimum (which is 1 RON). Minimum paid up share capital: 1 RON.
Classes of Share Available for Bulgaria company formation:	Registered shares and shares of no par value.
Bearer Shares:	Bearer shares are not permitted for a LLC to issue
Registered Office Required:	Yes, required and must be maintained in Romania.
Shareholders:	Minimum number is one
Directors:	Minimum number is one. Can be any nationality and need not be resident in Romania. Corporate directors are allowed.
Your Company language:	English
Name of your Company must be ended:	“LLC”, “L.L.C.”, or “Limited Liability Company”
Documents required for Bulgaria company formation:	A certified copy of your passport or ID and proof of your residential address dated less than 3 months.

Restrictions

Romania Company Formation (IBC)	Restriction
For Romania company formation you cannot use words in your company names without justification:	“Bank”, “Trustee Company”, “Assurance”, “Building Society”, ”Trust Company”, “Royal” etc.
Restrictions on Trading:	None
Not permitted without a licence:	Fund management, insurance, Banking, reinsurance, assurance, trust management, collective investment schemes, trusteeship business provision.

Confidentiality and Security

Romania Company Formation	Confidentiality and Security
Publicly Accessible Records:	Yes public register of company officers (Directors, Shareholders, Secretary)
Nominee Shareholders and Nominee Directors:	Yes, Allowed
Disclosure of Beneficial Ownership to Authorities:	No
Meetings of Directors and Shareholders to be held:	Anywhere
Stability:	Stable jurisdiction and very highly regarded reputation.

About Romania

About Romania
Capital city:	Bucharest
Region:	Romania is located in Southeastern-Central Europe, bordering the Black Sea, between Bulgaria and Ukraine. It also borders Hungary, Serbia, and Moldova.
Political System:	The politics of Romania take place in a framework of a parliamentary representative democratic republic, whereby the Prime minister is the head of government, and of a multi-party system. Executive power is exercised by the government.
Government:	Republic
Governing corporate legislation:	Company Law No. 31/1990 is the primary legislation that regulates registration and operation of companies in Romania.
Type of Law:	Civil
Currency:	The Romanian leu (RON).
Exchange Control:	None.
Language of Legislation and Corporate Documents:	English.
Time Zone:	GMT+2 .

Other Benefits

Romania is one of the most fast-growing countries in the European Union
Dynamic and competitive economy with a rich history in trade and businesses sector.
Taxation system which offers a lot of advantages to start-ups and small businesses compared to other EU member states.
The real estate sector has increased tremendously the marketing becoming more mature.
Geopolitical factors are also favourable.
Low operational cost and highly skilled workforce
A Company requires a minimum of one shareholder
A Company requires a minimum of one director
Excellent and flexible post-incorporation follow-up services
No statutory requirement to hold annual general meetings
Highly competitive fees and costs

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This publication is provided for information purposes only. This info should not be treated as a substitute for a tax or legal consultation or legislation. You should not act on the basis of the information contained in this publication without having obtained individual advice from the professional expert.

BRIS GROUP does not assume responsibility for any damage resulting from decisions made by the reader on the basis of this publication.

Our team of consultants are here to take you through the process.

We provide a wide range of offshore companies formation, administration and fiduciary services for internal and external clients worldwide. We help to maintain an offshore company in accordance with the regulations, laws and tax authorities of the foreign state in which it is registered for non-resident clients.