A limited liability company (SRL) is established in Romania in compliance with Law no. 31/1990 on companies.
Our law office offers its services in the whole Romania, all procedures being done online.
Basic information you need to know before reaching out to me, as a lawyer to represent you in order to set up a company:
- Company name. It would be good to have 2-3 variants ready.
- Company associates. For individuals a copy of the identity document/ passport and the residency address is required. For legal entities, a list of documents, depending on each individual situation.
- Administrator. The “specimen signature” can be obtained at any notary public
- Headquarters. It can be at the home of one of the associates, in a rented space or at the lawyer’s office. According to the legislation, the company’s headquarters can be established at the lawyer’s office, for a maximum period of 1 year, based on a new legal assistance contract.
- Main object of activity, according to CAEN rev. 3 and all secondary activities.
- Share capital. It is at least 500 lei, and if there are several associates, it is good to have previously established the method of dividing the profits and losses between the associates, this percentage not being conditioned by the contribution of each associate to the capital. One share must be at least 10 lei. Calculate your capital based on shares value.
- Decide which objects of activity you will authorize at headquarter/ clients/ secondary offices – a statement will have to be signed.
Together with the lawyer, you will discuss under what conditions you can be a sole shareholder or not, the relationship between the associates, the administrator, whether the company should be an SRL or SRL-D (starter), tax aspects, the microenterprise regime, the related taxes, information about employees, authorizations necessary to carry out the activity, the VAT regime as well as any other necessary information, depending on the type of activity chosen.
Important! One of the most important roles of the lawyer in the company formation procedure is to advise you on the role and importance of the company’s articles of association, the specific clauses and other clauses that can be established between associates or specific duties of the administrator.
The Trade Register Office orders the registration of companies and issues the Registration Certificate, along with the attached documents, and the lawyer is the one who advises you on all the stages that are followed, the importance and effect of each clause in the articles of association during the company’s activity.
