Renting an office for a company in Bucharest

· Reviewed by attorney Cristian Darie

If you plan to start a business in Bucharest, or to open a branch of your company in the Romanian capital, one of the first things you’ll need is an office. Our Romanian lawyers can help rent or purchase a suitable space.

Buying or renting an office: which is better?

Most investors have already answered the question: rental is a much better and more flexible option, as it provides for the possibility of relocation if needed. Of course, there are also situations when buying the property can be a better alternative, but generally speaking this is the exception, rather than norm.

At least in the early phases of the relocation, until they have the certainty of a stable and long-lasting business, most investors prefer to rent their offices. There is also the possibility that a growing business would make a bigger space necessary later, so it is always a good idea to rent, in the first place.

Regardless of your choice, the experts at our law firm in Romania can help you during the process.

Choosing the location of the office

Should it be in a nice and cozy villa, or one of the steel-and-glass modern office buildings? Fortunately, Bucharest offers both types of locations, in large numbers.

Some areas already gathered a certain renown as business hubs, hosting many of these state-of-the-art complexes. Bucharest has several office hubs, both central and in the north and west of the city; we can help you check the lease for any of them. Before you sign the agreement, our lawyers in Romania can help review it.

Office rental contracts usually run for several years, with longer terms for the most attractive and well-located properties. Rents are usually paid on monthly basis, but large corporate tenants prefer to pay for 3-6 months at a time.

If you choose to work with our Romanian law firm, we will guide you through the needed steps in due time.

If you are interested in buying property in Romania, as opposed to renting the premises, our team will give you the needed details about the conditions applicable to foreign nationals, the needed documents, the real estate due diligence phase, and the post-purchase registrations with the authorities. We can also represent foreign clients through a power of attorney for the purpose of purchasing a property.

Rent prices

When it comes to the rent charged for the office space, the prices obviously depend on the area and facilities provided by the building. Rents for an apartment or a villa used as an office vary widely, from small studios in residential blocks to villas in premium areas such as the Primaverii district. Our lawyers in Romania can give you updated information on the prices.

When it comes to office buildings, rents per square meter are lower on the outskirts and highest in the city center, near Universitatii Square. One thing every investor should keep in mind is to ask for the status of parking spaces. Some landlords give a number of such places for free with the contract, while others charge an extra fee for parking.

Darie, Manea & Associates assists clients who need to rent an office in Bucharest. Our Romanian lawyers would be happy to offer assistance and representation in negotiations and paperwork to this regard, so please do not hesitate to contact us.