Specificity of the registering
Each company should have a legal address in Romania. This is not a problem for experts from the Private Financial Services. For this purpose, the office is leased or the nominee representative with the personal real estate is outsourced. In addition as for the authorized stock capital, it is paid in full at the registration of the company. We should also remember of reporting every quarter.
For most investors, Romania is one of the best places to do business. This is due to the following stable economic environment, loyal legislation, availability of benefits subject to certain conditions, governmental support, affordable cost to open a company, double taxation agreement. It is valid with more than 70 countries.
Types of companies
In Romania, all companies choose the type of legal corporate form at registration as follow:
LLC or SRL. This option is the most demanded where the size of the least share capital is only 60 Euro. The company should consist of 1 to 50 shareholders whose liability directly depends on the amount of contribution
Joint-stock company. Mandatory conditions include the authorized stock capital sized at least 25 000 Euro, as well as at least 2 shareholders;
Partnership. There is no binding minimum amount of stock capital for this type of company. The only requirement is presence of 2 partners with unlimited liability;
JSC without restrictions on volume of liability. Conditions to open such a company are absolutely identical to those to open partnerships.
The amount of income tax in this country is 16% with VAT equal to 24%. Only small businesses can rely on tax benefits. These include companies with an annual income of not more than 100 thousand Euros, and the number of staff not exceeding 9 people. In this case, the amount of income tax shall be only 3%. Only companies operating in trading, production of goods, provision of certain types of services can get the status of a “small business”.
Thanks to good practices, experience gained, qualified theoretical knowledge, the experts employed by the Private Financial Services will quickly and qualitatively help to open and register the business activity in Romania.