Shelf companies in Romania

Shelf companies in Romania

A shelf company is an already founded company which has not had any activity. This company was created and, metaphorically speaking, was “put on the shelf”. Shelf companies are limited liability companies that are already registered and are available for immediate purchase. These companies did not perform any transactions whatsoever,…
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EORI number assignment in Romania

I would like to start carrying out import-export activities in the European Community and I would like to obtain some information about the EORI number. The EORI number is a unique number within the European Community which is used in all customs operations carried out in this territory. The implementation…
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Public auctioning of movable property in forced execution

What are the situations stipulated by law that justify the public auctioning of movable property that is the object of forced execution? According to art. 756 of the Civil Procedure Code, in the absence of an agreement between the parties or if the friendly or direct sale is not achieved,…
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Set up Representative Office in Romania

Question: What do I need to do in order to open a representative office in Romania? And what are the characteristics of this type of company? Answer: Foreign companies are allowed to open representative offices in Romania, according to the specifications of Decree – Law No.122/1990. These entities are not allowed to conduct…
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What You Need to Know When Doing Business in Romania

Are you a foreign investor intersted in starting a business in Romania? Read below an article presented by our Romanian lawyers that answers some of the most important questions about starting a company. Question: I am interested in starting a business in Romania. What should I know before opening my…
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The confession in the Romanian civil proceedings

How can the notion of "confession" be explained and what is the Romanian law governing this type of evidence in civil proceedings? The confession, as a means of evidence in the Romanian civil proceedings, is governed by the provisions of the Civil Procedure Code, in art. 348 - 350. According…
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Physical Office in Bucharest

Question: Do I need to have a physical office for my Romanian company? Answer: Lately, most startups prefer to start their business in an online environment, due to reduced costs and convenience, and also due to the fact that they can remotely access new markets all around the world. Still,…
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Inventions’ Patents? Learn How to Register Them in Romania

Question: What rights do I obtain after registering an invention? Answer: By registering an invention and obtaining the invention patent, the holder acquires an exclusive right of restraining any other person from producing, using, offering for sale or importing a product or a procedure based on the patented invention, without his…
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The intermediation contract in Romania

What is the intermediation contract and which parties can conclude such an agreement under the legislation in Romania? The intermediation agreement is regulated by the provisions of the New Civil Code, in art. 2096 – 2102, articles which define the notion of intermediation as the contract through with the intermediary…
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How to Register a Brand in Romania

How to Register a Brand in Romania

Companies that register their brand protect the uniqueness of their business concept. Our Romanian lawyers outline below the main requirements for trademark registration in Romania. What are the steps to follow when registering a trademark in Romania? When you register the trademark, your company acquires exclusive rights to use the…
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