Business Setup and Support in Romania

Main forms of business in Romania

1. Societate cu Răspundere Limitată (SRL) – LLC
   The most popular form of doing business. The minimum authorized capital is 500 RON (approximately 100 euros). From 1 to 50 participants are possible. Liability is limited to the contribution to the authorized capital.
2. Societate pe Acțiuni (SA) – Joint-Stock Company
   Suitable for large businesses. The minimum authorized capital is 90,000 RON (approximately 18,000 euros). Allows public offering of shares.
3. PFA – Sole Proprietorship
   The simplest form, suitable for freelancers and small businesses. A simple registration process, but personal liability for obligations applies.
4. Partnerships
   General Partnership (SNC) and Limited Partnership (SCS) are rarely used and mainly for specialized projects.

Step-by-step business registration in Romania

Step 1: Reserving a company name
Checking for uniqueness through the National Trade Register (ONRC). The reservation is valid for 3 months.

Step 2: Preparation of statutory documents
Preparation of the company’s articles of association (Act Constitutiv), appointment of a director, and notarization of signatures.

Step 3: Legal address
You can rent a physical office or use a virtual office service.

Step 4: Opening a bank account
Depositing the authorized capital and obtaining a certificate from the bank.

Step 5: Registration with ONRC
Submission of the full package of documents to the National Trade Register. The registration period is from 3 to 5 working days.

Step 6: Tax registration and VAT.
Assignment of a tax number (CUI). VAT payer registration is required if the turnover exceeds 300,000 RON per year.

Step 7: Licenses and permits.
For certain types of activities, special permits may be required — for example, for fintech or the food business.

Specifics for Ukrainians

Ukrainian entrepreneurs can register a business remotely using notarization and an apostille on documents. A foreigner can be a director or owner without restrictions.

An important nuance — it is necessary to have a legal address in Romania and register with the tax authorities within 30 days after creating the company.

How “Prikhodko & Partners” will help

Our company offers:

• Full support for SRL or SA registration.
• Assistance with opening bank accounts in leading Romanian banks.
• Tax planning and consultations to optimize costs.
• Obtaining necessary licenses for fintech, e-commerce, and other regulated fields.
• Post-registration services and accounting support.

We help save time, avoid bureaucratic mistakes, and start a business in Romania within 10 working days.