ROMANIA
CAEN codes — Romania’s Classification of National Economic Activities — identify a company’s principal and secondary business activities. Applicable since 1 January 2025, CAEN Rev. 3 is gradually replacing Rev. 2, which had been used since 2008. This update aligns the ...
The keys step to incorporate a company in Romania.
Like other European countries, Romania has set up a Register of Beneficial Owners.
Romania proves to be a very attractive country for investors and offers favourable characteristics for implementation. Before you set off, you need to find out how the country works. LPG România advises you on the opportunities and practical issues of establishing in Romania or ...
As of May 2010, companies are required to include information for consumers All companies with commercial websites taking online orders or marketing their products, services tourism, tourist packages or plane tickets are required to include a link to the National Authority for the Protection of ...
Managing directors of Romanian companies cannot grant authority to represent management to anyone who is handling the daily tasks of the company. Now only special mandates granting authority for specific tasks to a third party to represent management are authorized.This could have significant ...
Romanian law sets a minimum equity capital amount for an SRL at 200 RON (about 55 EUR), and 90,000 RON (about 25,000 EUR) for an SA. We will examine now why it may be preferable to incorporate a company with a higher equity capital than the minimum required. Equity capital represents the ...
Until September 2012, the term Societatea Comerciala, or SC, meaning corporation, was required to precede was the name of Romanian companies. Now only the term “societatea” meaning “company” must precede the name of Romanian companies. Romanian companies incorporated ...
Romanian law for commercial companies included an important amendment related to the minimum amount of capital required for SA and SCA companies. As of October 30, 2005, SA and SCA companies must have a minimum equity capital of 90,000 RON (about 25,000 EUR). The law allows companies to delay ...
Expertise
Précis de droit comptable et aspects fiscaux
April 2023, publication of the new edition of the Précis de Droit Comptable, by Denis Colin, manager of the Fiduciaire LPG