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
  • Your Ultimate Guide to Finding the Perfect Cappadocia Hotel
    Your Ultimate Guide to Finding the Perfect Cappadocia Hotel

    Cappadocia hotels have distinctive architecture and interesting locations. Many are cut into soft volcanic rock, allowing tourists to reside in historic cave houses. Stone walls, arches, and other natural features provide character to the spaces. Cappadocia's hotels also provide stunning views of the fairy chimneys and valleys. 

  • Stock Photos Revolutionize Marketing
    Stock Photos Revolutionize Marketing

    In today's digital age, where visual content dominates the online landscape, stock photos have become an integral part of marketing campaigns.

  • Discover the Mediterranean by Visiting Piran
    Discover the Mediterranean by Visiting Piran

    Piran is a city closely linked to the Mediterranean Sea ecosystem. Its history, culture, and trade revolve around this significant ecosystem. It's no coincidence that the city of Piran has made it the focus of significant studies and museums that attract many tourists each year. It's an opportunity to learn while having fun, just a short distance from Italy, in the beautiful Pula, easily reachable by a ferry from Venice to Piran.

  • How to Choose the Perfect Pair of Drop Earrings
    How to Choose the Perfect Pair of Drop Earrings

    Drop earrings are often associated with femininity and grace. They can add a touch of elegance and sophistication to an outfit, making the wearer feel confident and beautiful.

  • A Guide to the Most Popular Island Hopping Itinerary in Greece
    A Guide to the Most Popular Island Hopping Itinerary in Greece

    If you're looking for the perfect island hopping adventure in Greece, look no further than the Cyclades islands. With a diverse range of islands to explore, including Syros, Tinos, Andros, and Mykonos, this route offers a unique and exciting way to experience the beauty, culture, and history of the Aegean Sea.