Romania offers an appealing environment for entrepreneurs, particularly through the establishment of a Limited Liability Company (SRL - Societate cu Răspundere Limitată), which is the most common and advantageous legal form. The SRL structure is favored for its limited liability, meaning the founders' personal assets are protected, and requires only a minimal share capital of just RON 200 (less than €50). The entire incorporation process through the National Trade Register Office (ONRC) typically takes around 3 to 5 working days once all necessary documentation is prepared.

Key Steps to Register Your SRL

Starting your business involves a few straightforward, legally mandated steps:

1. Name Reservation and Structure Definition: The first task is to select and reserve a unique company name with the ONRC, submitting several options. Simultaneously, you must determine your company's purpose by identifying the relevant NACE codes for your main and secondary business activities.
2. Securing the Registered Office: Every Romanian company must have a legal address, or "registered office." You must be able to provide proof of the right to use this space, such as a lease agreement. This address will be officially recorded on your company's documents.
3. Capital Deposit and Documentation:  You must deposit the initial share capital into a bank account and obtain the proof of deposit. The core legal document is the Articles of Association (Act Constitutiv), which outlines the company’s name, headquarters, activities, capital, and the details of the shareholder(s) and administrator(s).
4. Trade Register Submission: The complete file—including the Articles of Association, proof of address, shareholder declarations, and application forms—is submitted to the territorial Trade Register Office (ORC). Once approved, the company receives its Certificate of Registration and the unique identification code (CUI).
5. Fiscal Compliance: Post-registration, you must open a full operational bank account. Critically, you must immediately engage a local professional accountant. Romania's low corporate tax rates (especially the 1% or 3% Micro-Enterprise tax on turnover) are contingent on strict compliance and accurate filing, making professional accounting support mandatory.

Seamless Support for Your Launch

We understand that navigating foreign bureaucratic procedures can be complex. That's why we are here to help you with the entire setup process.

• Expert Incorporation Assistance: We can handle the full documentation preparation, submission, and follow-up with the ONRC on your behalf, ensuring a fast and compliant registration. We will guide you through selecting the right NACE codes and complying with all declaration requirements.
• Professional Registered Office: To eliminate the hassle of securing a physical lease and meeting residency building requirements, we can provide you with a prestigious registered office address within our modern business center. This service is designed to give you a professional presence right from day one.

Let us take care of the paperwork so you can focus on building your business.

 Would you like to schedule a free consultation to discuss your company's setup and registered office needs?

Contact us at: frjacobs@telenet.be