Are you a non-resident in Romania looking to establish a business but the PFA legal form does not meet your needs? Consider setting up an LLC. Here are the requirements for opening an LLC as a foreign citizen.

Can foreigners start a business in Romania?

As long as you have a good idea and plan, you can start a business in Romania regardless of your citizenship. You just need to determine the appropriate legal form and follow the establishment procedure.

Why start a business in Romania?

De Algemene Vergaderingen van Aandeelhouders (AVA) vormen een cruciale pijler in de bedrijfsstructuur van een Roemeense S.A. (Societate pe Actiuni). Deze vergaderingen bieden een platform waarop aandeelhouders hun invloed op de bedrijfsvoering kunnen uitoefenen. In deze uitgebreide handleiding nemen we een diepgaande duik in de regels, procedures en juridische raamwerken die de organisatie en het verloop van deze AVA's bepalen.

1. Van toepassing zijnde regelgeving

The current economic climate is highly favorable for the growth of the transport sector. Globalization, the emergence of new economies, and more recently the global pandemic, have increased the need for transport services across the whole economy. Companies such as restaurants, online stores, import-export businesses and large retailers rely on efficient goods transport and demand for this is now higher than ever. Because of this, opening a goods transport business in Romania can be a very profitable venture, as tax and insurance costs are comparatively low.

As an investor who wants to open a company in Romania, at first you should know the process of setting up a new enterprise and the steps you need to follow.

There are 6 steps that are mandatory to follow:

Have you decided to sell your business? Or are you looking at buying a business? If so, what’s involved in doing this?

Here we provide a our perspective on matters related to the sale or purchase of an owner-managed business.

What it is that you’re actually selling or buying? This may seem like an unnecessarily obvious question, but it must be answered thoroughly. The answer will define much of what’s contained in an agreement for the sale of a business.

Buying and selling “shares” in a business

With hundreds of companies established on behalf of our foreign clients, we offer the fastest and simplest option to set up Romanian companies at the lowest fees.

Moreover, such will be done by our professional lawyers, the only ones licensed in Romania to carry out a company formation. Your presence in Romania is not required.

We will draft all the necessary documentation, in bilingual Romanian-English so that you understand everything. You will only need to sign such documents  and soon your company will be up and running.

If you want to start your own business you can open a freight company. In fact, due to e-commerce, the volume of transported goods has increased and, consequently, the spaces for new companies on the market.

Starting a company does not guarantee that your business idea will be a success and does not mean that once you set up your company you became a true entrepreneur; it is a necessary but not a sufficient condition. On the other hand, it is good to know that when you have a company you will have more responsibility: documents, accounting, all kinds of authorizations, controls, reports, but also advantages.

More info mail frjacobs@telenet.be

The persons who want to set up companies in Romania can choose one of the types of companies provided in the Companies Law, which defines both the documents that must be taken into account when registering the company, as well as the social capital required for registration at the Trade Register.

From all the types of companies that can be established in Romania, the limited liability company, or the SRL, is the most common.