Romania Company Formation

Romania Limited Liability Company (Srl) Company Formation

We can assist with the incorporation of a Romanian SRL company. Typically it takes two weeks to incorporate your company once all documents have been received.  A Romanian SRL is equivalent to a Limited Liability Company in the UK or a GmbH in Austria and Germany in that it is a legal entity which is separate and distinct from the individuals who run it.

Company Name

All company names must be approved and reserved by the Trade Register Office; this usually takes less than a day. Words suggesting geographical locations are restricted and special approval is required to use the word ‘Romania’; approval takes around 30 days.

Registered Office

All companies registered in Romania must have a registered office in Romania where all company documents and correspondence may be sent. A registered office is included as part of our Romania company formation package.

Directors

Only a single director is required for a Romanian Company Formation, there are no restrictions on nationality or residency and corporate directors are permitted. A company register of directors’ details must be filed with the Trade Register for public inspection.

Shareholders

Only one shareholder is required and a maximum of fifty shareholders is permitted for a SRL incorporation. There are no restrictions on nationality or residency and corporate shareholders are permitted. Shareholders can also be directors. A company register of shareholders’ details must be filed with the Trade Register for public inspection.

Share Capital

The minimum share capital is RON 200 and must be fully paid up in cash upon incorporation. Shares must be divided up into equal value with the minimum value per share being RON 10.

Timescale

Once all documentation have been received the incorporation process typically takes two weeks.

Romania Company Formations fees

Your company will be incorporated using your chosen name and we will ensure that the procedure is as simple as possible.

The whole incorporation process can be completed online and we will administer the preparation and filing of all registration forms on your behalf.

Filing Requirements

Companies are required to maintain accounting records in the Romanian language and in Romanian Lei. All companies are required to prepare and file annual financial statements at the end of the financial year which follows the calendar year. Companies that are not listed and do not exceed a certain turnover, assets and number of employees may produce simplified financial statements. Companies exceeding these limits must also have a mandatory audit of their accounts.

Proof of Identity

As part of our due diligence we require proof of identity in the form of a passport copy for all directors and shareholders of the company.

Travel

If you choose not to travel to Romania we must be granted Power of Attorney to incorporate the company and open the corporate bank account on your behalf. For this reason, whilst traveling is not compulsory, we do recommend you visit Romania in order to incorporate.