Corporate & Commercial Law in Romania

Romanian Joint Stock Company (SA)

A joint stock company is a limited liability corporation with registered capital of a minimum of 90,000 RON and with at least two shareholders. Shares are registered (nominative) shares – bearer shares were abolished in 2019 – and can be freely traded or pledged. A joint stock company may be set up privately or by public subscription. more…

Set Up a Branch in Romania

The branch is just an extension of the parent company and therefore has no legal personality and no independence. Book VII of the Civil Code (private international law), which replaced Law no. 105/1992 on 1 October 2011, follows the accepted international practice by which a branch is governed by the national law of its parent company. Legally, the branch has no separate status from the foreign company itself. It is merely carrying on business in Romania. The foreign company will be liable to the employees and creditors of the branch for the actions of, and debts contracted by, its managers and agents on behalf of the branch. more…

Set Up a Subsidiary in Romania

An overseas corporation can very well do business in Romania via a subsidiary. The subsidiary has a legal personality and is regarded as a Romanian entity. According to the Law No.31/1990, a Romanian subsidiary of a foreign company is a Romanian legal person and, consequently, it is subject to Romanian laws. It is liable on its own account for its obligations. The Romanian subsidiary has its own patrimony and bank account. more…

Set Up a Representative Office in Romania

Setting up a representative office in Romania with the authorisation of the Ministry of Economy, is a simple thing. The license must be renewed yearly against payment of the corresponding fee. If the registration does not take place in the first quarter of the year, the annual fee is prorated correspondingly. If a representative office stands for more than one foreign company, a supplementary fee must be paid for each of the represented businesses. more…

Romanian Special Permits and Licenses

Darie, Manea and Associates has helped an important number of foreign clients to establish their businesses in Romania. Our lawyers in Romania not only provide assistance for the formation of new Romanian companies or Romanian branches of existing foreign corporate entities but also with the entire process of a company start-up in Romania. more…

Shelf Companies in Romania

Ready made companies, are simply standard limited companies that Darie, Manea and Associates has registered for your benefit and convenience. With a ready made company you can take control instantly, which is really useful if you need to register a company before a particular date. more…