Romania company registration

Romania company registration

DOING BUSINESS IN ROMANIA

For over a decade, Healy Consultants has been efficiently and effectively assisting our Clients with i) Romania business registration ii) business licensing iii) Romania business banking solutions iv) visa options and staff recruitment strategies and v) workspace rental solutions.

Romania is a former Soviet country, which struggled immensely in transition, but since 2000, it has regularly been one of Europe’s fastest growing economies. Romania has had strong growth due to a wealth of natural reserves fueling heavy industry and good investment in infrastructure providing for the financial sector.

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  • Advantages and disadvantages

    Advantages of Romania company registration

      business registration regulations in Romania
    1. A Romanian limited liability company can be registered within 2 weeks, with only 1 director and 1 shareholder, who can be of any nationality. The minimum paid up capital required is only €50, and our Client does not need to travel to complete corporate bank account opening and company registration;
    2. Romania is positively ranked as the 37th easiest place to do business according to the World Bank;
    3. As the ninth largest country in the EU, Romania has a sizable population of 20 million people. When our Clients register a company in Romania they will be able to tap not only the Romanian market but also the larger EU market of 503 million people. The country’s strategic location in Eastern Europe gives our Clients good access to Russia’s market of 146 million people;
    4. As a member of the EU, Romania benefits from the free movement of goods and labour within the single market. Our Clients will find it easy to export their manufactured products into the EU;
    5. Unskilled labour costs in Romania are low. The median gross hourly earnings in Romania is €2, which is the second lowest figure amongst EU Member states;
    6. Romania has a highly developed economy, with the capital Bucharest being one of Europe’s largest financial and industrial sectors. The IT and motor vehicle production industries are particularly large and are projected to expand over the next decade;
    7. Romania has considerable reserves of iron ore, tungsten, and especially, coal, with over 34 million tones being mined annually;
    8. The corporate tax rate in Romania is only 16%;
    9. Romania is ranked as the 61st freest economy in the Heritage Foundation’s 2016 Index of Economic Freedom, a measure of freedom enjoyed in business, trade, monetary, financial, investment, and labor markets. Romania’s ranking in the freedom index has been continuously improving since 2012. Hence multinational companies are increasingly interested in company registration in Romania;
    10. Opening global corporate bank accounts to assist Romania company registration is easy. Healy Consultants works with internationally recognised banks, such as Citibank, to provide corporate bank account services.

    Disadvantages of Romania company registration

    1. A Romania SRL requires an address of registration in Romania. A Romania SRL must also have a company secretary who is a Romanian national. Secretarial duties may be performed by a company instead, but the company must be incorporated in Romania ;
    2. Romania is negatively ranked as the 53rd most competitive economy in the world in the Global Competitiveness Report 2015 – 2016;
    3. Romania is negatively ranked as the 58th least corrupt country in the world, according to the 2015 Corruption Perceptions Index by Transparency International, a global measure of inhibiting corruption amongst public officials and politicians;

Company registration

  • Time to incorporate: Two weeks
  • Cost to set up: €8,820
  • Minimum capital: €50
  • Physical office required: No

Required appointments

  • Shareholders: 1
  • Directors: 1
  • Company secretary: No
  • Resident director: No

Key facts

  • Corporate tax rate: 16%
  • Corporate tax base: Territorial
  • Shelf companies: No
  • Main company type: S.R.L.

Contact us

For additional information on our business registration services in Romania, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Ms. Karen Lee, directly:
client relationship officer - Karen