Setting up a new business is usually a time-consuming process. Hence, we jotted down a step-by-step guide on how to register your company in Romania;
Before jumping into steps for the business set up in Romania. First, we will go through benefits a Romanian government offers to business:
The first and most crucial step in the registration process is setting a name for your business.
A name represents a business and helps in future growth and branding. For registering your company in Romania, you need to submit a name in the trade register. In case of rejection, it is ingenious to have 3 to 4 backup names.
After filing for name availability, the next step is to decide the type of organisation a company needs to register itself. The most common form of business in Romania is :
Companies can be founded by natural or legal entities and must be registered in the Romanian Trade Register.
Certain activities need prior authorisation (e.g. credit institutions, insurance brokers, companies that produce and sell firearms and ammunition, pension entities). Certain activities need to be authorised after the registration of the company (e.g. work agent, transportation licence).
The next step is to register a legitimate business in Romania; for that, an incorporation file must be submitted to the trade registry. It can be submitted in person or online.
The file contains the extensive document for registration purposes.
Following are the document that need to be submitted:
This is a comprehensive list; for more detailed documents, you can visit this article
The incorporation request proceeds in 3 working days and it can be delayed.
Every employer or business owner must submit internal general register records of all of his employees to the territorial labour inspectorate.
The employer must do this when the employee starts work at the latest. The registration of the employees’ labour contracts can be done online or in person. This is one of the essential steps during or after corporate registration.
For a Romanian company, it is mandatory to have a bank account. Opening a bank account can be difficult for a foreigner who wants to run a business in Romania. There is only one authentic company that provides company formation services with full transparency.
CompanyRomania has industry experts, tax advisors, and law specialists who make the registration process easy and clear. They provide guidance on the business formation and take care of all the procedures required for business setup in Romania.
The company is based in Romania; hence, you do not need to be there for registration. They will take care of all the legal proceedings and work on your behalf.
Their exclusive deals include:
However, if you look for a cheap alternative, you may use an affordable semi-automated registration service available under the web address romaniancompany.com.
There are many other local incorporation service providers, but we advise caution as foreigners can be easily misled as for the scope, quality and price of the service.
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