The headline price (and what it covers)
Incorpore's three formation tiers, all-in service fees:
- Essential — €600 (excl. VAT, one-time). Trade Register filing, articles of association, registered address for 12 months, CUI issuance, e-signature coordination.
- Standard — €900 (incl. VAT, one-time). Everything in Essential plus VAT registration where applicable, EUR bank account application, first-month accounting setup, priority response within 24 hours.
- Bespoke — from €1,500 (scope-dependent). Complex structures, ASF/ONJN licensing, residency support, multi-jurisdiction restructurings.
The headline price is service fees only. Romanian state fees and third-party costs are charged separately, at cost, and listed in the written quote before any work begins. The lines below set out everything else a founder will see in year one.
State fees at the Trade Register
The ONRC charges fixed statutory fees for incorporation. They are publicly listed and not negotiable. For a standard SRL formation in 2026:
- Trade Register filing fee — approximately €30.
- Publication in the Monitorul Oficial (Official Gazette) — approximately €20.
- Notary fees for specimen signatures and shareholder declarations — approximately €40–€80 depending on number of signatories.
- Apostille fees in the founder's home country — typically €20–€50 per document, paid to the home-country notary or apostille office, not to ONRC.
- Translation fees for non-Romanian documents — approximately €30–€80 depending on volume.
Total typical state-fees envelope: €80–€150 for a standard formation. €150–€250 for formations involving non-EU shareholders or unusual document chains.
Registered address — the recurring cost
Every Romanian SRL must have a registered office (sediu social) on Romanian territory. The first 12 months of registered address are included in all three Incorpore formation tiers. After year one:
- Renewal cost — typically €180–€360 per year depending on the address class (residential vs commercial, central vs peripheral).
- Mail forwarding is included in most renewal contracts — Romanian-language correspondence from ANAF, ONRC, courts, and banks is scanned and forwarded to the founder weekly.
- Address upgrade to a commercial-zone address — typically €500–€1,200 per year. Required only for activities where ANAF or sectoral regulators expect a non-residential principal place of business.
Founders usually stay on the included residential class until ANAF or a customer requests otherwise. The upgrade is fast and requires no Trade Register filing.
Banking fees and account minimums
Romanian commercial banks charge competitive but non-zero account fees. For a non-resident-owned SRL with a typical EUR operating account:
- Banca Transilvania — monthly account fee €8–€12, no minimum balance, no opening fee.
- Libra Internet Bank — monthly account fee €10–€15, no minimum balance, €50 opening fee for non-residents.
- Raiffeisen Bank Romania — monthly account fee €12–€18, €500–€1,000 minimum balance typical.
- ING Bank Romania — monthly account fee €10, no minimum balance, €100 opening fee.
- Wire transfers — typically €2–€10 per outgoing SEPA, free incoming. SWIFT non-EUR transfers €15–€40.
The all-in banking cost in year one is roughly €100–€250 including monthly fees, opening fees, and a dozen typical SEPA transfers. AML scrutiny is a separate question, covered in the non-resident banking guide.
Accounting and ongoing compliance
Romanian accounting law requires monthly bookkeeping. Mandatory ongoing filings include D112 (monthly social-security and salary report when an employee is on payroll), D300 (monthly or quarterly VAT return), D394 (semi-annual VAT recap statement), and annual financial statements at ANAF.
Realistic ongoing cost from a CECCAR-registered accountant:
- Microenterprise SRL with no employee — monthly bookkeeping €80–€150. Annual envelope: €1,000–€1,800.
- Microenterprise SRL with one employee — monthly bookkeeping €140–€220, plus payroll processing. Annual envelope: €1,800–€2,800.
- Standard CIT SRL above €100K turnover — monthly bookkeeping €220–€380, annual financial statements €400–€800. Annual envelope: €3,000–€5,000.
The first month of accounting setup is included in the Standard formation tier. After that, founders contract directly with the accountant — Incorpore does not bundle ongoing accounting into the formation fee.
Year-2 to year-5 cost projections
The first-year envelope is the easy part to communicate. Founders planning multi-year stays in Romania should model years 2–5 explicitly because the cost profile shifts. The recurring envelope after year one — without any formation fee — depends on whether the SRL has grown beyond the microenterprise threshold (covered here).
Year-2 baseline (microenterprise SRL, one employee, single bank, residential registered address):
- Registered address renewal — €180–€360.
- Banking fees (BT or Libra typical) — €100–€180 annual.
- Accounting — €1,800–€2,800 annual for one-employee SRL.
- Annual financial statements filing at ANAF and the Trade Register — typically included by the accountant; otherwise €100–€250 as standalone.
- Beneficial-ownership refresh under AMLD6 — typically free at the Trade Register; €40–€80 if filed via a service provider.
- Year-2 envelope: €2,200–€3,700.
Years 3–4 generally track year 2 with modest inflation adjustments (Romanian wages, accountant fees, and state fees rise in the 3–7% range annually). Founders crossing the €100,000 microenterprise threshold during this window see two cost shifts: accounting fees climb to €3,000–€5,000 as the SRL transitions to standard 16% CIT compliance; VAT registration becomes mandatory if not already in place. Bank fees often increase modestly as transaction volume grows. Expect the year-3 envelope to land around €2,400–€4,200 for microenterprise SRLs and €3,500–€6,500 for standard-CIT SRLs.
Year 5 is structurally significant for founders who relocated as part of a residency strategy — eligibility for Romanian permanent residency (covered in the Schengen piece) opens, removing annual permit-renewal fees and simplifying the compliance picture. For pure operating-company founders without residency ambitions, year 5 looks like year 3 plus inflation. Five-year cumulative envelope for a microenterprise SRL: €11,000–€18,000, fully transparent and largely linear.
Hidden costs founders typically underestimate
Across hundreds of formations since 2020, the recurring "we hadn't budgeted for this" line items cluster into five categories:
e-Factura compliance overhead
The Romanian Ministry of Finance e-Factura system has been mandatory for B2B transactions since 1 January 2024. While submitting through e-Factura is free at the state level, the integration cost into the founder's invoicing software is real: SAP, QuickBooks, Xero, and most international accounting platforms do not natively integrate with e-Factura, and the typical workaround is a Romanian middleware service charging €20–€60/month. Founders running 5–50 invoices per month rarely budget this upfront; founders running higher volumes need a more substantial integration costing €500–€1,500 as a one-time setup.
Translation costs that recur
The first-month translation envelope (apostilled passport, articles of association, registered-address documentation) is anticipated. What founders miss is the recurring translation cost for ongoing compliance: every director declaration filed at ONRC, every shareholder resolution that requires Trade Register filing, and any bank-required document drafted in a non-Romanian language adds €30–€100 per filing. Across the first three years, this typically totals €200–€600 that did not appear in the initial quote.
CAS/CASS adjustments on dividends
The Personal income tax piece covers the rules in detail, but the cost surprise for many founders is the CASS (health contribution) on dividends above the 6-minimum-wage threshold. For an owner-manager taking €50,000–€80,000 in dividends, this typically adds €1,500–€2,000 per year of personal tax that was not in the headline 8%-dividend-tax projection. CASS is capped at the 24-minimum-wage ceiling (~€1,800 cap), so the ceiling is reached quickly — but it is a real out-of-pocket cost for the first ~€18,000 of dividends above the threshold.
Sectoral inspections and compliance audits
SRLs in regulated activities — e-commerce above certain thresholds, healthcare-adjacent services, financial services under ASF supervision — are subject to periodic compliance inspections. The state inspection itself is free; the legal/accounting time to prepare for and respond to inspections is not. Budget €300–€800 per inspection-prep cycle for SRLs in lightly regulated sectors and €1,500–€5,000 for SRLs in actively regulated sectors. Most founders see one such cycle per year by year 3.
Currency-conversion and SEPA-Instant fees
Banca Transilvania, Raiffeisen, ING and the other Romanian banks publish standard SEPA fees, but non-EUR transfers and FX conversions carry margins of 0.4–1.2% that are easy to miss in the headline pricing. For founders invoicing primarily in USD or GBP rather than EUR, the annual FX overhead can run 1.5–4% of revenue — a real cost line that the non-resident banking guide covers in more detail.
The €600 service fee is the easy line item to communicate. The other €1,400–€2,200 in year-one cost is what we walk founders through during the discovery call.
Optional add-ons
The most common scoped add-ons in 2026:
- VAT registration — included in the Standard tier; €150 as an add-on to Essential.
- Bank account application at additional banks beyond the primary — €200–€400 per additional bank.
- Residence permit support — €800–€1,500 depending on jurisdiction and route.
- ANAF liaison and tax registration filings — €100–€300 for non-standard registrations (e.g. e-Factura early adopter, Intrastat, special VAT schemes).
- Apostille and translation services done by Incorpore on the founder's behalf — €40–€100 per document, plus the underlying state fees at cost.
- Sectoral licensing scope (ASF, ONJN, BNR) — quoted separately, from €1,500.
The all-in cost for a typical non-resident founder forming a microenterprise SRL with one bank account, one employee, and one year of accounting: €2,000–€2,800 in year one. €1,400–€2,200 in subsequent years (no formation fee, just registered-address renewal, banking, and accounting).
Frequently asked questions
Are state fees included in the €600 Essential price?
No. The €600 is a service fee — Romanian state fees, notary fees, and apostille costs are charged separately at cost and listed line-by-line in the written quote. State fees typically run €80–€150 for a standard formation and are paid to ONRC, the notary, and the home-country apostille office, not to Incorpore.
How much does the registered address cost annually after year one?
Typically €180–€360 per year for a residential-class address, including weekly mail forwarding. Commercial-zone addresses run €500–€1,200 per year and are required only where ANAF or sectoral regulators expect a non-residential principal place of business — most founders never need the upgrade.
What does monthly accounting cost in 2026?
For a microenterprise SRL with no employee: €80–€150 per month. With one employee on payroll: €140–€220. For SRLs above the €100,000 threshold paying standard 16% CIT: €220–€380. Annual envelopes typically run €1,000–€5,000 depending on size and complexity.
Is there a minimum balance requirement at Romanian banks?
Banca Transilvania, Libra, and ING have no minimum balance for non-resident-owned SRLs. Raiffeisen typically expects €500–€1,000 maintained. None of the six main banks require pre-funding before account opening — capital deposit goes into a separate temporary account that converts to the operating account post-formation.
Can I get a refund if formation fails at the Trade Register?
Yes for service fees, prorated against work completed. Romanian state fees and third-party notary/apostille fees already paid are non-refundable, as they are charged by ONRC and the notary, not by Incorpore. Failure rates on clean dossiers we file are below 5%; the most common rejection reason — mismatched apostilled translations — is recoverable in 3–7 working days, not a hard failure.
Does the price change for non-EU shareholders?
The service fee is the same. The third-party costs go up modestly — apostille and translation costs scale with document chains, and AML diligence at the bank typically requires an additional document or two. Realistic delta for a non-EU founder vs an EU founder: €100–€250 in additional state and translation costs. Banking AML expectations are detailed in the non-resident banking guide.
Talk to us
Pricing is fixed in writing before any work begins. No scope creep, no hidden fees, no surprises mid-formation. We will scope the right tier (Essential €600, Standard €900, or Bespoke from €1,500) against your situation, list every state fee and third-party cost line by line, and confirm the all-in envelope on the discovery call. Book a 30-minute call — and see the pricing page for tier details.
Related guides
- Romanian SRL formation: the complete 2026 guide — what each formation tier delivers operationally
- The 1% microenterprise tax — the fiscal saving that pays back the formation cost in months
- EUR bank accounts in Romania for non-resident founders — banking fees, opening fees, AML expectations
- CAEN codes: the principal-code question — why a CAEN change post-formation costs €120–€380
- 100% remote formation: where it works — apostille and translation cost lines