Company
Formation in Romania
Welcome
to romtradeconsult.com.
We are an English run company situated
in Romania and offer
a comprehensive range of services including
property acquisition,
company formation, legal services and advice in Romania.
Romanian Law No: 54/1998 provides that "the citizen shall not be
granted the ownership right for land but such a foreign citizen could
establish a Company in Romania, in order to buy as much land as he wishes".
Essentially, Romanian companies are similar to most other European
companies. They require shareholders and directors and a registered
office. The ‘limited company’ has the same meaning as in other countries
in that the liability of the shareholders is limited to the amount of
share capital invested. This is protection for the shareholders, and at
the same time indicates to other investors and traders the substance of
the company.
There
are no restrictions for someone residing outside of Romania in acquiring a
company in Romania.
In Romania it is
required that a company specifies
its main activity and is allocated a code number
which relates to that particular activity. Other activities may be included
at a later date.
As elsewhere, a registered office is required, and we can provide this
facility.
There are a number of
other technicalities particular to Romania, but the function of Romtrade
Consult SRL is to deal with these on behalf of the client to provide a
fully legalized entity as simply and as quickly as possible.
NEW INTERNATIONAL SERVICE for
COMPANY FORMATION
We are pleased to announce that we
can now offer a service to people overseas who are not able be in Romania
to sign the formation papers.
By special arrangement with our
lawyers and a Public Notary you can complete the documentation in your own
country by post or courier service. In this way you do not have to be in
Romania to sign the initial documents, and can do this in your own
country. This way, you avoid the need to either stay in Romania throughout
the formation process, or to make two separate trips here.
As this involves additional legal
papers and translations by licensed interpreters, and extra legal and
notary fees the charge is higher than usual, but of course saves on time
and travel, and your company can be ready for you when you arrive in
Romania to purchase land or property, or start in business.
In practice, our lawyers will send
you all the necessary documentation, and full instructions, and all you
need to do is complete the papers as indicated and return them. The total
cost for this service is 1,750 euros. Please request the OVERSEAS APPLICATION FORM if you require this
service. Our normal fee is 900 euros but you will have to be present
in Romania for approximately 14 days in order to complete the formation
process.
How to proceed:
We
welcome your enquiries and we will advise
and
answer any questions within 24 hours. If
you would like to proceed immediately please
contact us.
Things
to think about:
1. We
will require three different company names in order to check their
availability with the Registry.
2. Who
will the shareholders be?
3.
What are the activities of the company? i.e. "property investment", etc.
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Costs:
Complete Company
Formation 690
euros
Registered Office
Facility 150
euros
Share
Capital (which you retain)
60 euros
Total : 900
euros
Please
note: This is our all inclusive fee. There are no hidden or additional
expenses.
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It will take approximately 14 working days to incorporate the
company. The above costs specified are for a limited liability
company (SRL). If you think you may need a company other than an
SRL please let us know.
COMPLETE COMPANY
FORMATION
reservation
of company name
legal
documentation
visits
to registry office
provision
of Memorandum and Articles of Association
registration
of share capital
confirmation
of company registration number
notarised
work in respect of formation
despatch
and receipt of Power of Attorney if necessary and final Certificate of
Incorporation
opening
of a bank account in the company name to deposit the share capital
company
stamp
REGISTERED OFFICE
FACILITY
We can
provide a registered office facility in Romania.
This
will be for the first three months after registration, after which clients
should transfer the registered office address to their place of business.
The charge for this facility for the initial three month period is 150
euros.
If required, one can extend this initial three month period at a rate of
40 euros per month.
MAIL
FORWARDING ETC
We can
also provide a mail forwarding service, an email facility and fax
service. We will quote separately for this depending on the country of
origin of the principals.
We pride ourselves on offering a personal service to clients. We are
not a mail order business and our intention is to fully support clients
not just for company formation, but also in any other aspects of their
trading or service activities. We welcome as much contact as possible in
order to fully understand your needs and assist you throughout your
activities in
Romania.
Please contact
us for any other advice or information.
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