| INCORPORATION DATASHEET |
| Method of incorporation / registration |
The Memorandum and Articles of Association must be signed by the member(s) of the company. The company documents must be in Romanian. Declaration must be signed in person before Notary Public in Romania
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| Company form |
Private Limited Liability Company / S.R.L. (SOCIETATE RASPUNDERE LIMITATA)
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| Source of corporate legislation |
Ordinance 32/1997 amending & completing Law 31/1990, Law 195/1997 approving Emergency Ordinance 32/1997
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| Possible suffixes to company name |
S.R.L. / SOCIETATE RASPUNDERE LIMITATA
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| Restrictions on company name |
The word Romania may not appear in the company name
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| Time required for incorporation: |
1-4 weeks
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| Number of directors: |
Minimum 1 of any nationality. Corporate directors are also permitted
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| Number of members |
Minimum 1, maximum 50
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| Capitalisation |
Minimum 200 RON (approx. 60 EUR)
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| Accounting / reporting |
Annual financial statements must be produced. VAT and social security returns must be filed monthly
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| Type of shares: |
Registered
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| Annual tax and duties: |
16% of net profit
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| Information publicly available |
Details of members and directors
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| Registered Office: |
Local registered office suitable for the main activity of the company is required by law
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| Registered Secretary/Agent: |
Not required
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| Double tax treaty |
Romania has an extensive network of DTTs
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