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Incorporation 2018-03-06T16:38:40+00:00

Limited Liability Company (LLC)

S.R.L.  (societate cu raspundere limitata) – is the private company limited by shares (Ltd.) in the UK / Ireland and the original German Gesellschaft mit beschränkter Haftung (GmbH). The English translation is limited liability company.

The incorporation of this Romanian company entails the deposit of the paid-up share capital into a bank account and filing of the Memorandum and Articles of Association …

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Joint Stock Company

The Romanian joint stock company (societate pe actiuni SA)  is a limited liability company. The registered capital is of a minimum of 25.715  EUR or the equivalent of 90.000 RON, the minimum 30% of the subscribed registered capital, by every shareholder or partner. The number of shareholders in a joint-stock company is minimum 5.

The Romanian corporation has at least two shareholders…

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Set up a Branch Company

The setup of a branch in Romania is similar to the procedure of incorporation of a Romanian company. The branch is just an extension of the parent company and therefore has no legal personality and no independence. Parent company is the only or majority shareholder in the company. This type of corporation does not imply a different incorporation procedure other than any other limited liability company – SRL…

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Set up a Representative Office

The Representative office is not allowed to carry out commercial activities in our country. For the registration of a representative office in Romania, company legal represent ants should apply to the Ministry of Industry and Commerce and pay an annual fee of 1,200 US dollars, for the license.

After authorization, the representative office must be also registered…

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Set up of Non-Governmental Organizations or Foundations

Legal forms for NGO’s.

There are 2 different  nongovernmental and nonprofit organizations ( “NGOs”) which can be set up in Romania: (1) associations; (2) foundations.  After their incorporation, these become legal persons.

The association is a legal body set up by three or more persons who share without the right to a refund a material contribution, their knowledge or work…

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