Tuesday, 30 November 2021 15:23

Legal forms of companies in Romania

CompanyRomania CompanyRomania pixabay

Romania has managed to achieve a minor economic miracle in recent years, sweeping away the remnants of socialist planning and transforming itself into a model of free market reform.

As a member of the EU, and with a GDP that is advancing at a rate of more than 5% per year, Romania is one of the most promising places in Europe for foreign investors.  For many, however, it is unfamiliar territory, which is why we recommend you seek initial advice if you are considering incorporating a company in Romania. For more information about setting up a company in Romania visit https://CompanyRomania.com

What are the most common corporate forms in Romania?

  • The two most popular corporate forms in the incorporation of companies in Romania are the following:
  • Limited Liability Company (LLC)
  • Joint Stock Company (SA)

How much is the share capital required for a limited liability company (LLC)?

The minimum share capital for an LLC company is as low as 50 Euros, provided that the company has no more than fifty partners.

What are the other key characteristics of a limited liability company (LLC)?

  • It must have at least one owner
  • Shareholders can be Romanian or foreigners.
  • Minimum administrative and accounting requirements.

How much share capital is required for a joint stock company (S.A.)?

The minimum share capital for a joint stock company (SA) is 25.000 Euro of which at least 30% must be paid up.

What are the characteristics of a Public Limited Company (SA)?

  • Mandatory format if the company is involved in banking or insurance.
  • A minimum of five shareholders and a director.
  • Three supervisors

What other types of Romanian company are there?

The other main forms of Romanian company are:

  • Partnership (Civil Company)
  • Branch
  • Representative office
  • Sets of high-quality cosmetics
    Sets of high-quality cosmetics

    Romanovamakeup is a unique brand that produces eyelashes and decorative cosmetics. The creator is Olga Romanova, a high–level makeup artist who collaborates with many stars both in Russia and in the USA.

  • How AI Video Editors Transform The Business Video Industry
    How AI Video Editors Transform The Business Video Industry

    All kinds of content such as photos, videos, and audio are potentially attractive to users of social networks and visitors to various Internet portals. No modern marketing strategy today can do without video content, the proper preparation of which requires appropriate attention. 

  • What Are Spayed Breasts - All You Need To Know
    What Are Spayed Breasts - All You Need To Know

    All you need to know about splayed breasts - refer to the upper breast tissue that is displaced towards the chest wall. Most often, women with splayed breasts have a normal breast contour in front. It is not something that it is seen immediately although there are many people who use this condition as part of their breast augmentation strategy.

  • What You Should Know About a Signal Jammer for Drones
    What You Should Know About a Signal Jammer for Drones

    The modern market can provide you with a wide variety of different signal jammers. Among them, such tools as a cell phone jammer, a WiFi blocker, and a GPS jammer are well-known. Moreover, there is a signal jammer for drones, which we are going to discuss here.

  • Albufeira - what to visit in this Portuguese town?
    Albufeira - what to visit in this Portuguese town?

    Albufeira is a town and municipality in Portugal's Algarve region. It is an ideal vacation destination practically all year round and its beaches are some of the best in Europe - especially in winter when you can explore them on long walks! What is there to see? We suggest!