Romania, with its favorable business climate, strategic location in Europe, and growing economy, is an ideal destination for setting up a business. Whether you're an entrepreneur or a foreign investor, company registration in Romania offers numerous opportunities. Here's a step-by-step guide to help you successfully navigate company formation in Romania.
Step 1: Choose Your Business Structure
The first step in registering a company in Romania is choosing your business structure. The most common options are a Limited Liability Company (LLC) or a joint-stock company. Your choice will depend on your business size, investment capacity, and the level of liability protection you need.
Step 2: Choose Your Company Name
Selecting a unique company name is crucial for company formation in Romania. You can check the availability of your desired name through the company register Romania to ensure it’s not already in use by another entity.
Step 3: Prepare the Necessary Documents
For setting up a company in Romania, you’ll need to gather several key documents. These include proof of identity, proof of company address, and, if applicable, articles of incorporation. These documents will be needed for your company registration process.
Step 4: Register Your Company with the National Trade Register
Next, you’ll need to submit your documents to the National Trade Register Office. This can be done through online company registration in Romania, which allows for a quicker and more efficient process. Once approved, you’ll receive your company incorporation in Romania certificate.
Step 5: Register for Taxes
After completing your company registration, you must register your business with the tax authorities to obtain your tax identification number (CUI) and, if needed, VAT registration.
Step 6: Open a Company Bank Account
To finalize setting up a business in Romania, you’ll need to open a business bank account in the company’s name, where you’ll deposit the minimum required share capital.
In conclusion, registering a company in Romania is straightforward and can be done efficiently with the right guidance. YKG Global, with over 40 years of experience, can assist you in navigating the company incorporation process in Romania, ensuring a smooth and hassle-free setup.
