Setting up a limited liability company in Romania

Presently the setting up of a limited liability companyincorporating a limited liability company in Romania are
in Romania has become a straight forward processvery low. The minimum social capital for a Romanian
due to the reforms of the past years.limited liability company is also very low, it being
A foreign natural or legal person does not need to bepresently of 200 Lei, equivalent to 45 Euro or 65
present in Romania in view of setting up the limitedUSD.
liability company here. All can be done throughA Romanian limited liability company can be
correspondence with the right Romanianincorporated in maximum 7 business days from the
professionals.moment all the documents required from the investor
The foreign investor, be it a natural or a legal person,are transferred to the Romanian professional
will need to provide a series of documents, the initialincorporating the company.
share capital of the company and the costs for theIf you are interested for further details of if you
incorporation. From then on the incorporation is totallyrequire a price quota for incorporating a limited liability
attended by the delegated Romanian contractors ofcompany in Romania please do not hesitate to
the foreign investor.contact us using the contact form on our website or
Romanian limited liability companies can be set up byour other contact details provided there.
a sole shareholder or by several, to a maximum ofWe will be glad to help you incorporate a limited
50 shareholders. For a larger number of shareholdersliability company in Romania and also to help you
we recommend the societe anonyme, also regulatedmanage it from then on (including, but not limited to:
by the Romanian law.legal assistance, accountancy, fiscal registration and
At the moment of incorporation the investor can optsubmission of fiscal declarations, headquarters
for its Romanian limited liability company to beprovision, translation services, etc.). If you consider
subjected to a profit tax in quantum of 16%, or to anecessary we can prepare a tax reduction scheme
revenue tax in quantum of 3%. Also, the investorand incorporate a Cyprus International Business
can opt for its Romanian limited liability company toCompany and integrate it with the Romanian limited
be payer or non-payer of VAT which, presently, inliability company in order to enjoy the best benefits
Romania is in quantum of 19%.in terms of tax minimization.
The taxes and other expenses necessary for