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A.
GENERAL INFORMATION
- Registration: Must be done by statutory form
- Type of company: Resident
- Legislation applicable: Romanian Commercial Code
- Authorised designation: plc or Ltd
- Time taken to incorporate: 10 to 14 days
B. TAXATION
- Incorporation fee: Yes
- Tax: 16% on profits or 3% on revenue
- Tax on dividends: 16%
- Tax treaty: Yes
C.
LEGALITIES
- Number of directors: Minimum of one with no restrictions on place of residence or nationality
- Director as company: Not recommended
- Director resident locally: No
- Obligatory company secretary: No
- Company secretary as company: Not recommended
- Company secretary resident locally: Optional but recommended
- Minimum number shareholders: Minimum of one with no restrictions on place of residence or nationality
- Standard capital: 200 lei = 58 euro
- Shareholder as company: Yes
- Type of company: Public limited, private limited.
D.
STATUTORY LOCAL REPRESENTATION
- Local registered office: Required by law
E.
ARTICLES AND PROFIT-MAKING INFORMATION
- Public information: Registered office, named director and annual accounts
- Information on article amendments: Yes
F.
AUDITING - ANNUAL ACCOUNTS
- Auditing: Yes, monthly accounting reports
G.
PROHIBITIONS
- To act as banker without a licence
- To act as insurer or reinsurer without a licence
- To carry out a regulated activity without authorisation
H.
REQUIREMENTS
- An in-country registered office
- A company bank account
- Regular monthly accounts and auditing
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