Setting up a company in Romania or how to create a company in Romania ?

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Setting up a company in Romania or how to create
a company in Romania ?

• frjacobs_at_telenet.be

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Is it easy to create a company in Romania?
Today it is relatively easy to set up a company
in Romania. We provide customized advice. The
establishment of a company in Romania is easy for
us, we have more than 15 years of
experience.   For information mail
frjacobs_at_telenet.be
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Choice of legal form of your Romanian company
The most common legal forms are the SRL (BV,
BVBA) and the SA (NV). You choose a legal
form   1. Societate cu raspundere limitata (SRL)
- Limited liability company 2. Societate pe
actiuni (SA) - Public Limited Company   The SRL
can be 100 percent foreign-owned. The directors
may also be of foreign origin. The number of
participants in an SRL is at least one and at
most fifty. A sole shareholder may not be a sole
shareholder in more than one SRL. The one-man
business also occurs frequently as an SRL in
Romania (asociat unic).   The capital
contribution can be made both in cash and in kind
and amounts to at least 200 lei (1 Ron 4.75
euros on 8 April 2019).
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The reservation of the name of your Romanian
company 
We reserve the name of the company for you at the
register. This reservation is the first step in
the company creation in Romania and required by
law. Only after approval of the name reservation
by the register we prepare your documents for
incorporation.   The registration of a company
name containing the words national, Romanian,
institute or a derivation of those words or words
or phrases that are characteristic of the central
or local public institutions or governments can
only be done with the permission of the
Secretariat General of the Government (SGG) are
realized.   The availability of the company name
and logo is checked by the Trade Register before
the incorporation articles are drawn up or in the
event of a change in the company name or
logo. The verification and reservation of the
name of the company take place at national level
before the adoption/draft of the deed of
incorporation.   The company's reservation is
valid for a maximum of 3 months from the date of
submission of the application.
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Checking the availability of the name of the
company is done by the trade register office. The
name must have a 70 percent difference with
regard to existing names already reserved.   The
documents are submitted by us to the ORC within
the province where the company has its registered
office.   The job is done from Belgium by mandate
and this saves you the travel costs and
time.   You will only be in Romania when the SRL
or SA has been established to activate a few
things with us (VAT, bank account, accountant,
powers of attorney at the notary, ...)  
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The address of your firm's social seat in Romania
You can no longer set up a company in a room with
a friend in Romania due to the anti-fraud policy.
We have two business centres (incubation
centres) where we can temporarily or permanently
give you a rental contract at competitive rates.
Since 2009 we guide start-up companies in these
incubation centres. The rental contract of the
social seat is signed together with the deed of
incorporation in Belgium prior registration by
our services on the Romanian register. We
prepare the deed of incorporation and all other
documents including all declarations and mandates
for the establishment of the company. Then we go
to the notary in Ghent if you are Belgian or
Dutch. In the case of complex set-ups, we
provide instructions for the additional documents
that you must obtain in the country of origin and
instructions where and how you can obtain them
and provide them with an apostille. The request
for registration in the trade register is made by
us with a power of attorney.
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What do we do during your first visit after
setting up your Romanian company?
We are going to open your bank accounts for the
company and private accounts. We prefer a number
of banks, but in principle you are free to choose
a bank. We will arrange a telephone and a
subscription with roaming for online banking if
necessary. We will appoint a reliable bookkeeper
at advantageous rates for you. We visit the
business centre and your office if you are going
to rent a office from us and do some formalities
on site for the activation of your company and
the VAT / ROI. These are the most important
operations when setting up a company in Romania.
You save travel costs and have no loss of time.
We offer the same service throughout the
Romanian territory at a fixed all-in price. For
information mail frjacobs_at_telenet.be