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Email: info@mevconsultants.com
Email: info@mevconsultants.com
Register a company in Romania
Company incorporation, bank accounts, accounting services in Romania
Registration packages
Services
Essential
Standard
Premium
Company registration (SRL)
Annual registered address
Notary services and company seal
Corporate bank account
Accounting services
Start your company in Romania
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How you can register a company in Romania with us
Submit shareholder and director information to our firm with a signed power of attorney
Settle a payment for registration and banking assistance
Receive corporate documentation of the registered company and access to the corporate bank account of your company
Key details about Romania
Romania is located at the crossroads of Central, Eastern and Southeastern Europe and has a territory of 238,397 square kilometers. Romania borders Bulgaria, Hungary, Moldova, Serbia and Ukraine. Romania has access to the Black Sea. The capital city of Romania is Bucharest, the largest city and the location of key government institutions. Romania has a population of 19 million people.
Corporate taxation, VAT taxation, Personal taxation
- Corporate income tax - 16%. Tax rates of 1% or 3% apply to microenterprises (annual income less than EUR 1 million). Tax returns are filed on a quarterly basis. Advance income tax payments are made on a quarterly basis
- Dividend withholding tax - Standard tax rate 5%
- Interest withholding tax - Standard tax rate 16%
- Royalties withholding tax - Standard tax rate 16%
- Capital gains tax - 16%
- VAT - Standard tax rate 19% or reduced rates from 0% up to 9% or tax exempt. Tax returns are filed on a monthly, quarterly, biannual or annual basis
- Personal income tax - 10%.
The following are the most common types of companies to incorporate a company in Romania as:
- Limited liability company (Societate cu raspundere limitata - SRL)
- Public limited company (Societate pe actiuni - SA)
- General partnership (Societate in nume colectiv - SNC)
- Limited partnership (Societate in comandita simpla - SCS)
- Partnership limited by shares (Societate in comandita pe actiuni - SCA)
- European company (Societas Europaea)
- Branch office (Sucursala).
- Individuals or legal entities that are intending to register a company in Romania can be resident or non-resident in Romania.
- A resident or a non-resident individual can be a company director in Romania. It is not required to set up a company in Romania with a resident individual as one of its shareholders or directors.
- At least 1 shareholder is required in order to register a company in Romania if such company is incorporated as a SRL (a limited liability company). An individual shareholder can simultaneously become a director of this company.
- It is not required to create substance (resident employees, office space) in Romania in order to establish a company in Romania or to conduct business in the country.
- Minimum share capital that is required in order to start a company in Romania as a SRL (a limited liability company) is RON 1.
- SRL registration takes between 10 and 15 business days with the bank account taking up to 3 business days.
- Details of company founders, shareholders and directors after company registration in Romania is complete is publicly available in the state corporate register.
- With our service you can register a company in Romania remotely upon a power of attorney.
Official currency of Romania is Romanian leu (RON).
Romania has a high-income economy with a skilled workforce. Romania is the largest electronics producer in the region. In the past 20 years Romania has also grown into a major center for mobile technology, information security, and hardware research. Romania is also a regional leader in IT and motor vehicle production. Bucharest is one of the leading financial and industrials centers in Eastern Europe.
The GDP of Romania grew by 5.1% in 2021 and amounted to USD 284 billion. Tertiary sector makes up 58.2% of the GDP of the country, followed by industry sector at 27.78%, agriculture at just 4.35%.
In terms of foreign trade the largest exports of the country are vehicles, vehicle parts, machinery, chemical goods, electronic products, electrical equipment, pharmaceuticals, transport equipment, basic metals, food products, rubber and plastics, petroleum oils, air or vacuum pumps, maize.
Imports of Romania consist of energy, petroleum oils, natural gas, cars and vehicles, electric equipment, consumer goods, insulated wire.
Primary trading partners of Romania are Italy, France, Bulgaria, Germany, Hungary, Poland, Netherlands, United Kingdom, China, Czech Republic, Turkey and Austria.
Romania has a high-income economy with a skilled workforce. Romania is the largest electronics producer in the region. In the past 20 years Romania has also grown into a major center for mobile technology, information security, and hardware research. Romania is also a regional leader in IT and motor vehicle production. Bucharest is one of the leading financial and industrials centers in Eastern Europe.
The GDP of Romania grew by 5.1% in 2021 and amounted to USD 284 billion. Tertiary sector makes up 58.2% of the GDP of the country, followed by industry sector at 27.78%, agriculture at just 4.35%.
In terms of foreign trade the largest exports of the country are vehicles, vehicle parts, machinery, chemical goods, electronic products, electrical equipment, pharmaceuticals, transport equipment, basic metals, food products, rubber and plastics, petroleum oils, air or vacuum pumps, maize.
Imports of Romania consist of energy, petroleum oils, natural gas, cars and vehicles, electric equipment, consumer goods, insulated wire.
Primary trading partners of Romania are Italy, France, Bulgaria, Germany, Hungary, Poland, Netherlands, United Kingdom, China, Czech Republic, Turkey and Austria.
Foreign entrepreneurs expand to Romania and seek to incorporate a company in Romania in order to conduct business in the following sectors:
- energy
- logistics
- wholesale and retail trade
- electronics
- industrial production
- automotive industry
- IT
- agriculture
- construction.
Benefits of registering a company in Romania
Business climate
- Access to major EU markets
- Access to the Black Sea allows to establish a maritime trade with EU states, Turkey, Middle Eastern and North African states
- Skilled workforce
- Political stability
- Secure legal and justice systems
- Comprehensive protection of property rights
- Comprehensive personal security
- Investment protection
Tax incentives
- Corporate income tax is 1% or 3% for microenterprises (annual income less than EUR 1 million)
- Corporate income tax incentive for R&D
- Corporate income tax incentive for companies administering industrial parks
- VAT incentive for companies established in fre trade zones
- Double tax treaties with several jurisdictions
Ease of doing business
- Minimum share capital requirement for a SRL company is RON 1
- No foreign exchange controls
Register your company in Romania
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