Romania Company Registration

Romania Company Registration – Complete Guide to Starting a Business in Romania

Romania has rapidly become one of Europe’s most attractive business destinations, offering competitive tax rates, a growing economy, and access to the European Union (EU) single market. Whether you are a foreign investor or a local entrepreneur, registering a company in Romania provides numerous advantages such as low operational costs, a skilled workforce, and strategic location in Eastern Europe.

This guide covers everything you need to know about Romania company registration—from business structures and legal requirements to the step-by-step incorporation process.

Why Register a Company in Romania?

Romania is an ideal location for investors due to its business-friendly regulations and cost-effective operations. Here are the top reasons why entrepreneurs choose Romania:

Low Corporate Tax – Standard corporate income tax is 16%, one of the lowest in the EU.
EU Membership Benefits – Access to a market of over 450 million consumers.
Skilled Workforce – Highly educated and multilingual professionals.
Strategic Location – Gateway between Western Europe, Eastern Europe, and Asia.
Competitive Costs – Lower salaries, rent, and operational expenses compared to Western Europe.

Types of Companies You Can Register in Romania

Before starting the registration process, you must choose the right legal structure for your business. The most common options are:

1. Limited Liability Company (SRL)

Most popular type for small and medium-sized businesses.
Requires at least one shareholder.
Minimum share capital: 1 RON (approx. €0.20).
Liability is limited to the contribution in share capital.

2. Joint Stock Company (SA)

Suitable for larger enterprises.
Requires at least two shareholders.
Minimum share capital: 90,000 RON (approx. €18,000).
Shares can be publicly traded.

3. Branch Office

For foreign companies that want to operate in Romania without creating a separate legal entity.

4. Representative Office

Can only perform non-commercial activities such as marketing and market research.

Step-by-Step Process for Romania Company Registration

Here’s the detailed procedure for incorporating a company in Romania:

Step 1 – Choose a Company Name

The name must be unique and approved by the National Trade Register Office (ONRC).
You can check availability online through the ONRC portal.

Step 2 – Decide the Company Structure

Select the appropriate legal form (SRL, SA, branch, or representative office) based on your business size, activities, and growth plans.

Step 3 – Draft the Articles of Association

Includes details like company name, registered office, business activities (CAEN codes), share capital, and management structure.
Must be signed by all shareholders.

Step 4 – Open a Bank Account and Deposit Share Capital

For SRL, deposit a minimum of 1 RON.
For SA, deposit at least 30% of the share capital before registration, with the remainder within 12 months.

Step 5 – Register the Company with the Trade Register

Submit the required documents to the National Trade Register Office.
Processing time is usually 3–5 business days.

Step 6 – Obtain a Unique Identification Code (CUI)

This serves as your company’s tax identification number.

Step 7 – Register for VAT (if applicable)

Mandatory if your annual turnover exceeds 300,000 RON.

Step 8 – Register with Social Security Authorities

If you plan to hire employees, you must register with the National Agency for Fiscal Administration (ANAF) and the labor authorities.

Documents Required for Romania Company Registration

The typical documentation includes:

Company name reservation certificate.
Articles of Association.
Proof of registered office address.
Bank confirmation of share capital deposit.
Specimen signatures of directors.
Identification documents of shareholders and directors.
Proof of business activities (CAEN codes).

Taxation in Romania

Understanding Romania’s tax framework is essential for planning your finances:

Corporate Income Tax: 16% (standard rate).
Micro-Enterprise Tax: 1%–3% (for companies with turnover up to €500,000).
Value Added Tax (VAT): Standard rate 19%, reduced rates of 9% and 5% for specific goods and services.
Dividend Tax: 5%.
Personal Income Tax: Flat rate of 10%.

Benefits of Registering a Company in Romania

Fast Incorporation Process – Incorporation can be completed in less than a week.
Minimal Share Capital Requirements – As low as 1 RON for SRL.
Access to EU Funding – Romanian companies can apply for EU grants and subsidies.
Double Taxation Treaties – Over 80 treaties to avoid double taxation.

Post-Incorporation Compliance in Romania

Once your company is registered, you must ensure compliance with Romanian laws:

Maintain Proper Accounting Records – Monthly or quarterly filings.
Annual Financial Statements – Must be submitted to the Trade Register.
Tax Filing – Corporate tax returns must be filed annually.
Labor Law Compliance – Employment contracts must be registered before employees start work.

How YKG Global Can Help

At YKG Global, we specialize in Romania company registration for both local and foreign investors. Our services include:

Company name reservation.
Drafting and notarizing the Articles of Association.
Share capital deposit assistance.
Trade Register filing.
VAT and tax registration.
Post-incorporation compliance support.

With our end-to-end services, you can set up your company in Romania smoothly and start operations without delays.

📧 Email: Rishi@ykgglobal.com
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