Looking to establish a company in Romania? This ultimate guide provides step-by-step instructions on how to navigate the process of company formation in Romania.
If you’re considering establishing a company in Romania, it’s important to understand the legal requirements and procedures involved.
This guide will walk you through the process of company formation in Romania, from choosing a business structure to registering with the appropriate authorities.
With this information, you can confidently start your business venture in Romania.
Choose the type of company you want to form
The first step in company formation in Romania is to choose the type of company you want to establish.
There are several options available, including a sole proprietorship, limited liability company (LLC), joint stock company (JSC), and partnership.
Each type of company has its own advantages and disadvantages, so it’s important to carefully consider your business goals and needs before making a decision.
Once you have chosen the type of company you want to form, you can move on to the next steps in the process.
Choose a company name and check its availability
After deciding on the type of company you want to establish, the next step is to choose a name for your company.
The name should be unique and not already in use by another company in Romania.
You can check the availability of your chosen name by conducting a search on the National Trade Register Office (ONRC) website.
If the name is available, you can reserve it for a period of 30 days by submitting an application and paying a fee.
It’s important to note that the name reservation does not guarantee the approval of your company formation application.
Prepare the necessary documents
Once you have chosen a name for your company, the next step is to prepare the necessary documents for company formation in Romania.
These documents include the articles of association, which outline the company’s purpose, structure, and management, as well as the memorandum of association, which details the shareholders’ agreement and capital contributions.
You will also need to provide proof of identity and address for all shareholders and directors, as well as a copy of the lease agreement for your company’s registered office.
It’s important to ensure that all documents are accurate and complete before submitting them to the National Trade Register Office (ONRC) for approval.
Register your company with the Trade Register
Once you have prepared all the necessary documents for company formation in Romania, the next step is to register your company with the National Trade Register Office (ONRC).
This can be done online or in person at the ONRC office.
You will need to provide all the required documents, pay the registration fee, and wait for approval. Once your company is registered, you will receive a registration certificate and a tax identification number (CIF).
Congratulations, your company is now officially established in Romania!
Obtain any necessary permits and licenses
Depending on the type of business you plan to operate, you may need to obtain additional permits and licenses from various government agencies in Romania.
For example, if you plan to sell alcohol, you will need to obtain a license from the National Authority for Consumer Protection and Market Surveillance (ANPC).
If you plan to operate a restaurant, you will need to obtain a food safety permit from the National Sanitary Veterinary and Food Safety Authority (ANSVSA).
It’s important to research and understand the specific requirements for your business and obtain all necessary permits and licenses to avoid any legal issues in the future.