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Company registration in Romania
- Price:from 2300 EUR
- Term:up to 2 weeks
Romania is an Eastern European country with significant business potential. Its strategic geographical location makes it an important trade hub between the eastern and western parts of Europe.
Romania is a member of the European Union, which makes it easier for entrepreneurs to access the large EU market and attract foreign investment. Low accommodation and labor costs and relatively low wages make the country attractive for setting up manufacturing and processing plants. Romania is also actively developing infrastructure, including transport links, 1technology parks and innovation centers. This creates a positive environment for business placement and the development of innovative projects.
Given these factors, the jurisdiction is an attractive location for entrepreneurs and investors seeking to develop their business in the Eastern European context.
- client identification according to the KYC procedure
- registration procedures
- legal address services for a year
- preparation of a package of corporate documents
- legal and tax advice
- one delivery by courier
- verification of the company's compliance with all compliance and KYC criteria
- legal support for the company
- legal address services for a year with the possibility of receiving scanned copies of incoming correspondence
- submission of documents to the Trade Register to extend the validity period of the legal address
- legal and tax consultations
Opening a business account for a company in the Payoneer or Emerald24 payment systems is a comprehensive service from our company. This service does not require additional payment, as we strive to ensure the most comfortable start of your company and emphasize the importance of our cooperation. You pay only bank fees in accordance with the requirements of the payment system, and we take full responsibility for communication with the payment system and collection of documents.
Please note that this offer is valid only if the company's activities comply with the specified payment systems (high and ultra-high risk are not included in the list of permitted activities).
- 1The country has developed logistics networks and transport connections, which facilitates the convenient supply of goods and services.
- 2The Romanian government actively supports entrepreneurship by providing tax incentives, investment assistance and special programs for startups.
- 3Operating costs for creating and maintaining a business are the lowest in Europe.
- 4Romania has significant growth potential in industries such as information technology, agriculture, logistics, gambling, tourism and electric vehicles.
- 5A Romanian company can be created with one participant, and the registration procedure is possible remotely through a power of attorney and in a short time.
- 6There are more than 89 concluded agreements on the avoidance of double taxation, including with Ukraine, which allows reducing the tax burden.
Corporate income tax in Romania is paid by companies on their worldwide profits. The general tax rate is 16% and is paid on the net annual profit (i.e. the company's income received during the calendar year, less all operating expenses).
- In addition, there are preferential corporate tax rates:
- - 50% discount on R&D expenses - for companies carrying out innovative and scientific and technical activities, including IT.
- A company can apply for the Microîntreprindere (micro) regime with a tax rate of 1% of turnover, provided that the following criteria are met:
- - annual income does not exceed 100 000 EUR;
- - having at least one employee under an employment contract.
For large companies with an annual turnover of over 50 million euros (for banks and oil and gas companies from 2026 as well), a minimum turnover tax of 1% is applied if the standard corporate tax is lower than the minimum turnover tax.
Taxes on repatriation of income/dividends are taxed at a rate of 16%, but if they are paid to a European company with a 10% share, a full exemption is applied.- Romanian employers are also required to make monthly social contributions, which include:
- - pension contribution of 25% (from the employee's salary);
- - social contribution of 10% (from the employee's salary);
- - unemployment insurance 2.25% (paid by the employer).
Non-residents can freely register a business in Romania in any legal form. The most commonly used and simplest form of ownership for incorporation is Societate cu raspundere limitata (SRL) or limited liability company.
SRL is a good choice for small and medium-sized businesses in Romania. This is a simple and effective form of ownership that provides limited liability for participants and allows you to attract investment.
- Capital – the minimum capital is 500 RON per founder. Within 3 months from the date of company registration, at least 30% must be paid, but before the company starts its own activities. Payment of the authorized capital must be made to a local bank account.
- Founders – maximum number of up to 50, individual or corporate persons of any residence. A company with one member is possible. The liability of each founder is limited to the share in the authorized capital.
- Director (manager) - a person appointed to manage the company from among the participants. The position is compatible with the founder.
- Secretary – upon request, administration services are provided.
- Register of beneficial owners - companies are required to provide complete information about owners when registering in the National Trade Register, and update them annually. Access to the register is available to relevant authorities and anyone who proves a legitimate interest.
- Legal address is required within the country. It is recommended to rent a real office for greater business transparency before the tax authorities (available upon request).
- Substance requirements – a personal visit is required to open an account in banks in Romania.
- Available information - name, participants, legal address, beneficiaries.
All Romanian companies are required to prepare and submit their financial statements. The frequency of reporting is determined individually with the accountant, but the recommended period is quarterly.
In addition, micro-enterprises that qualify for 1% taxation must submit a quarterly declaration of compliance with the tax exemption requirements.
- Large companies that meet any two criteria are subject to audit:
- asset size from 3 650 000 EUR;
- net turnover from 7 300 000 EUR/year;
- staff – 50 people.
Mandatory VAT registration by the payer occurs when the threshold is exceeded - 395 000 RON (80 000 EUR) annual turnover. Companies must keep full records of VAT transactions and submit reports monthly, and in some cases quarterly.All companies, including non-residents, must use the national electronic invoicing system (RO e-Factura) for taxable B2B supplies in Romania and accounting. Electronic invoices must be sent to the system within 5 business days from the date of invoicing, but no later than 5 business days after the expiration of the generator or prepayment period (15th of the month following the fact).
- 3 desired names for the company;
- a detailed list of activities that the company will engage in;
- business plan;
- high-quality scanned copy of the national and foreign passports of the shareholder and director;
- high-quality scanned copy of the tax identification number of the shareholder and director;
- confirmation of the shareholder's registration address (for example, a utility bill receipt);
- confirmation of the director’s registered address (for example, a utility bill receipt);
- power of attorney with notarization and apostille for remote registration of a company.