Starting up a Romanian LLC for your business

According to recent statistics the Romanian economy is continuously growing and now is the time to establish a Romanian company for catching up the start in this new economic environment.

For starting up a Limited Liability Company in Romania, the following information/documents are necessary:

1. the name of the new company (5 different options, in case that the one that you have in mind has already been reserved by other companies).

2. a copy of the IDs or passports of the shareholders and the registration certificate of the company which is to act as shareholder in the new company, if the case may be (some of the Trade Register Offices does not issue this type of document) – for every legal person that will be shareholder of the new company;

3. a copy of the passport and identity card of the Administrator that should be appointed for the new company;

4. a notary statement and a signature sample of the Administrator of the new company in original and with apostil if it is given abroad;

5. a shareholder statement given in front of the public notary showing that can act as a shareholder – in original and with apostil if it is given abroad (we will send you a template);

If one or more of the shareholders are legal persons, the following are requested:

1. a certificate issued by the Trade Register for the company which is to act as shareholder – in original and with apostil – for every foreign legal person that will be shareholder of the new company;

2. a letter of good standing for the company which is to act as shareholder issued by the bank from where it has an operative bank account;

3. a decision issued by the General Assembly of the company which is to act as shareholder. If the shareholder is also a legal person we have to draft a decision for this company also (we will draft the document, but you have to send us the necessary information) – this applies for every legal person that will be shareholder of the new company;

For drawing up the article of incorporation you should submit information regarding:

1. The percent of the Shared capital for each shareholder;

2. The amount of the Shared capital of the company (the minimum amount is 200 RON equivalent of 50 EUR);

3. The object of activity of the new company (it can be one principal object of activity and many others as secondary objects of activity);

4. Copies of the documents regarding the social address of the new company

5. The documents of the owner of the building;

6. A free lease or rental contract with the new company for at least one room from that building (we will draft the document, but you have to send us the necessary information);

Please note that besides the identification information, in order to draft the preliminary shareholders decision for starting the procedure we need the following information:

1. the authorized share capital of the new company and the value of each share (the minimum value is 10 lei);

2. the social address of the new Romanian LLC;

3. the main domain in which the Romanian LLC will operate;

4. the main activity of the Romanian LLC;

5. the object of secondary activity of the Company can include any activity permitted by law and codified according to NACE code;

6. the appointment administrator name, powers, mandate availability and copies of his identification documents;

7. the name and copies of the identification documents of the designated person who will sign in the name and on behalf of the legal person shareholder the articles of incorporation of the new Romanian LLC, who will subscribe in the name of the shareholders the shared capital and who will make the necessary payments for building the shared capital before any bank, who will sign any and all necessary documents, declarations and deeds to be signed in front of the Trade Register.