Registering a company in Romania is a strategy for solid business growth, not just a tactic for moving your business offshore.
Romania offers a transparent tax system focused on tax profits. With careful planning of your company’s structure and the wise selection of the legal form, you can significantly lessen your financial load.
Choose a name for the company
Prepare all the documents
Preparation and submission of registration forms
Obtaining confirmation of company registration
Opening a bank account in Romania
Applying for the right license for the company, if needed
— The official language is Romanian, but most people speak English fluently
— Local currency – Romanian Leu (RON)
— Romania operates under a civil law system
There is a low corporate income tax in Romania of 3%, but there are also opportunities to reduce financial burdens. Therefore, before registering a company in Romania, you should think about this benefits in advance.
To register a company in the Romania, you will need a registration and business address. It is necessary for communication with administrative bodies, correspondence, banks and other stakeholders.
— Limited Liability Companies (SRL) – Ideal for small to medium-sized businesses, it is used for limited liability.
— Limited Joint Stock Companies (SCA) – Suitable for larger businesses, offers the ability to issue shares.
— Sole Proprietorship (PFA) – Perfect for solo business endeavors, simple structure.
— General Partnership (SNC)- Collaboration of two or more individuals sharing profits and liabilities.
— Limited Partnership (SCS) – Combines general partners with limited liability partners.
— Subsidiary, Branch or Representative Office – Acts the same way as the Limited Liability Company
The name of the company is crucial when in comes to company formation in Romania as it is a showstopper in some cases. In order to choose the right company name you have to take into considerations the requirements from the state.
In Romania the names in English are still not widely used, therefore you do not have to be creative when choosing a company name. But you should consider that a thorough check has to be done before submission of company name. Try to avoid such words as “Romania”, “Investment”, “Consulting”, “Finance” or other generic names because they will not be accepted and they do not add any differentiation.
You can read more about different company types in Romania on this link.
For successful company setup in Romania the following documents are required for ours and bank’s due diligence:
⇒ A scanned copy of passport
⇒ A scanned copy of a utility bill issued not later than three months prior to submission or a state issued ID
⇒ A scanned copy of a bank statement issued not later than three months prior to submission
Please note that we will translate with help of our authorised translators in Romania.
Company registration process in Romania comprises of two steps:
— Company registration in Romania takes 1-2 business days since the moment of submission
— Bank account opening takes 5 to 10 business days
You can opt for different services such as IT company formation in Romania, Consultancy company setup in Romania, Transport Company setup in Romania for EU and non-EU residents.
The documentation you share with us is stored on our secure servers in Switzerland.
We use the following technologies to make sure the conversation with our clients is stored in the safest possible way:
— High-performance elliptic curve cryptography (ECC Curve25519) to secure your files
— OpenPGP standard – we rely on the open-source and battle-tested OpenPGP end-to-end encryption standard
— End-to-end encryption – we use high-performance, client-side end-to-end encryption with large files by splitting large files into 4 MB chunks. Each chunk is signed with a hash to prevent removal or reordering.
— Digital signatures which is an essential part of maintaining security of your files is knowing if your data has been tampered with. Our servers use cryptographic signatures to verify the authenticity of files and folders.s
Company setup in Romania has multiple benefits such as:
Low actual profit tax while an important reason, is not the only motive why businessmen are interested in registering a company in Romania.
— EU Member Advantage: As Romania is a member of the European Union, companies operating here are bound by certain EU regulations, therefore tax rules are fair.
— Strategic Geographic and Economic Position: Located at the crossroads of Eastern and Western markets, Romania offers strategic access to both regions.
— Remote Work Flexibility & Visa: We understand the value of flexibility in today’s business landscape. Offering remote work options without territorial restrictions and an Visa program for expatriates—Romania is dedicated to attracting the best talent from around the globe.
◊ IT Companies Formation in Romania: If you register an IT company in Romania you can benefit from microenterprise tax rates of either 1% or 3% depending on their revenue and specific business activities, adjusted by the new eligibility criteria from 2024.
◊ Consultancy Companies Formation in Romania: To avail the microenterprise tax rates of 1% or 3%, consultancy firms must ensure that consulting revenues are less than 20% of their total turnover, and employment conditions are met.
◊ Transport Companies Formation in Romania: Eligible transport companies in Romania can also utilize the 1% or 3% tax rates under the microenterprise conditions based on revenue figures and the fulfillment of employment levels.
◊ Corporate Tax for LTDs: Companies that exceed microenterprise criteria face a standard corporate tax rate of 16%. For those with specific high-profit turnovers, an additional 4% tax on turnover may apply, underlining the importance of strategic tax planning.
