Why Open a Company in Romania?
Benefits for Foreign Entrepreneurs
Opening a company in Romania is within reach for overseas founders aiming to operate under EU regulations. With minimal expenses alongside clear administrative steps, it draws online retailers, new ventures, and consultants alike. Ownership remains fully available to non-residents, free from limitations on equity control. The setup unfolds entirely from abroad, needing no physical arrival during registration.
EU Membership and Stable Economy
Since joining the European Union in 2007, Romania has allowed companies full entry to the EU's unified market. Operating from this country grants firms rights to set up operations and deliver services throughout member nations without restriction. VAT rules are easier when trading within the bloc, while invoicing meets the required EU standards. Growth has remained steady due to capable workers and cost-efficient employment conditions. Economic momentum continues underpinned by human capital and pricing advantages.
Favorable Corporate Taxation in Romania
What sets Romania apart is its approach to taxation for companies. At 16%, the general corporate tax sits near the bottom when compared to other European Union nations. For smaller firms that meet certain conditions, a special framework allows payments as low as 1% instead. Firms aiming to align financial efficiency with adherence to union rules often find this setup favorable.
Company Formation in Romania — Key Features
Most Popular Business Structures (SRL, SA)
The SRL (Societate cu Răspundere Limitată) mirrors the limited liability company model in Romania, commonly selected by international investors. Liability risks remain contained under this form, while administrative oversight stays uncomplicated, despite varied internal organization options. Share-based enterprises may instead adopt the SA framework (Societate pe Acțiuni), designed for expansive operations demanding intricate ownership distribution. Higher initial funding thresholds apply here, along with stricter regulatory supervision shaping operational conduct.
Step-by-Step Guide to Company Registration in Romania
Name Reservation in the Trade Register
The incorporation process starts by securing a company designation via the National Trade Register Office (ONRC). Uniqueness matters, along with alignment to Romania’s naming standards. Online verification reveals whether the chosen title is free. Approval arrives within 1-2 working days after submission.
Preparation of Incorporation Documents
Starting, the main paperwork features the articles of association that lay out how the company is built, who owns what shares, and also how decisions get made. Housed within Romania's legal framework, these papers must be written entirely in Romanian and officially verified by a notary. When non-local founders team up with local experts, they often find ready-made formats that fit their venture type and ownership setup. Ending here, the process leans on accurate, language-specific filings shaped around real operational needs.
Tax Registration and VAT Number
A fresh business gets its tax identification number (CUI) right away once the paperwork clears the tax authority (ANAF). Should earnings go past RON 395,000 yearly (about €78,000), VAT enrollment kicks in by rule.
Opening a Corporate Bank Account
Running a company means having a dedicated bank account to manage funds and handle daily tasks. Not far behind, big names like BCR, BRD, Raiffeisen Bank, and ING support businesses across Romania. To get started, you will need papers proving the firm exists, tax clearances, forms showing who owns what, and ID for those running it.
Finalizing Incorporation and Receiving Company Certificate
After finishing everything, the National Trade Register Office (ONRC) gives you the official paper that proves your company exists. Along with it comes a stamp, still needed for some Romanian paperwork and agreements. The entire registration process typically takes 5-10 business days when documents are properly prepared.
Costs and Packages: Price of a Company Formation in Romania
Name of the service
Start
Lite
Business🔥
Pro
Company incorporation, including state registration fees
✅
✅
✅
✅
Notarization and sworn translation of corporate documents
✅
✅
✅
✅
Drafting of Articles of Association and incorporation documents
✅
✅
✅
✅
Share certificate issuance
✅
✅
✅
✅
Initial AML compliance and KYC verification
✅
✅
✅
✅
Registration with the Trade Register (ONRC)
✅
✅
✅
✅
Tax Identification Number
✅
✅
✅
✅
2-hour consultation on your registered company’s operations
❌
✅
✅
✅
Registered legal address (1 year)
❌
✅
✅
✅
Beneficial Owner (UBO) declaration and registration
❌
✅
✅
✅
Company Secretary services (1 year)
❌
✅
✅
✅
Personal Tax Identification Number (NIF) for individual shareholders
(mandatory for dividend taxation in Romania)
❌
❌
✅
✅
Payment system account setup
❌
❌
✅
✅
Corporate bank account opening assistance
❌
❌
❌
✅
VAT registration
❌
❌
❌
✅
EU VAT and Romanian tax advisory
❌
❌
❌
✅
Shareholders’ Agreement drafting
❌
❌
❌
✅
Total cost
1 100 EUR
850 EUR
1300 EUR
1000 EUR
1560 EUR
1200 EUR
3575 EUR
2750 EUR
*The offer is valid until 2026-03-31
Remote Company Incorporation — 100% Online Setup
Power of Attorney and Identity Verification
Someone starting a business from abroad might set up a company without being there by granting a notarized power of attorney to a local representative or service provider. A PoA, checked by a notary, lets someone else act for them locally. That paper needs extra certification — an apostille or a legalization, based on where they’re from. Video checks and digital signatures can also be used in this situation.
Estimated Timeframes and Cost Overview
Getting a remote company set up usually takes 10-15 business days after sending in the paperwork, before you get the official certificate. The government fee through ONRC does not cost much at all. What you pay experts depends entirely on what kind of help you choose. Extra charges show up for things like certified translations, documents checked by a notary, renting a local office address, plus getting basic bookkeeping ready.
Corporate Services in Romania
A business must have an official address on file according to Romanian rules. Instead of leasing real estate, outsiders can set up through service firms providing addresses along with post management and occasional workspace. These setups give international founders a way to operate locally without long-term property commitments.
Running a business across borders usually means dealing with VAT registration along with an EORI number (Economic Operators Registration and Identification). Handling applications falls into the service providers’ hands, who also check that the paperwork meets standards. These helpers stick around, guiding firms through EU shipments and border rules without fuss.
Keeping accurate financial records is required by law for businesses in Romania. Professional accounting services handle monthly bookkeeping, quarterly tax declarations, annual financial statements, and payroll processing if you employ staff. Experts fluent in English understand global setups well. Following local laws becomes easier with experienced help nearby.
Making sure everything stays on track means handing in yearly reports when they’re due, keeping the list of owners current, one change at a time. Full support plans cover tracking rules, sending alerts about new laws, because staying ahead matters just as much as following them. Expert advice fits into place so growth happens without stepping offside.
Business Taxation in Romania
Corporate Income Tax — 16%
The standard corporate income tax applies to company profits at a flat rate of 16%. Firms pulling in more cash often land here instead of chasing smaller business perks. After trimming allowable costs, what remains gets taxed.
Why Choose Icon.Partners for Romania Company Formation
Local Experts and Transparent Pricing
Our team combines local expertise with an international approach, providing clear guidance at every stage of the incorporation process. We believe in transparent pricing with no hidden fees, giving you full visibility of your costs from the start.
Bank Account Assistance in Top Romanian Banks
We maintain strong relationships with major Romanian financial institutions. These relationships help to ensure a smooth transition through the account setup process. Our assistance ensures that you are advised on the appropriate banking options to suit the way your company operates. Multiple currencies, payment processing, and needs can be accessed, and corporate cards can be set up.
Full Package of Services — From Start to Compliance
From the first meeting to long-term oversight, full assistance is available. Company formation, tax filing, legal address provision, financial systems set up, and strict compliance are all on offer.
Fast Turnaround and English-Speaking Support
Efficiency is paramount, but accuracy remains the same. Clear communication is ensured by our English-speaking staff who walk alongside you, translating Romanian regulations into simple terms. Two weeks is enough to form most companies, although there are faster options if deadlines are approaching. The most important thing is to arrive on time, without confusion.
Frequently Asked Questions About Company Registration in Romania
Common Document Requirements
One essential requirement involves submitting a current copy of a passport. Proof showing where someone lives comes next — this might be a utility bill or a financial statement from a bank. The signed company statute forms part of the submission, too. When registration occurs from abroad, legal authority must arrive via certified proxy documentation. Papers issued outside Romania usually need an international validation stamp known as an apostille. Specific guidance adjusts to individual circumstances through personalized verification summaries.
Immigration and Residency Options for Founders
Not every business setup leads to residency, yet options exist under Romanian rules. Through active investment or hiring locally, professionals may qualify for extended stays. Remote earners now have access via a Digital Nomad Visa launched recently. Requirements differ across these channels, where expert legal insight becomes valuable. Guidance through each path remains available upon request.
Who Can Benefit from Setting Up a Company in Romania?
For e-commerce firms targeting EU customers, the Romanian setup offers a practical path forward. Digital service operators often find value in establishing a presence within the bloc through this route. Consultants plus independent professionals may benefit when aiming to adjust fiscal exposure. Entities facing a need for VAT compliance within Europe also see advantages here. Those preparing to move operations into an EU country consider it a logical step. Low expense levels join with straightforward processes to support expansion goals. Access to the European market adds weight to the decision.
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"Their adept use of technology for communication and project management streamlined the entire process."
Thanks to Icon.Partners' efforts, the client was able to integrate with major platforms, such as Google, Facebook, and Stripe, and optimize their platform. The team was highly supportive and responsive from a workflow standpoint, and internal stakeholders were particularly impressed with the service provider's flexibility, professionalism, and technical prowess.
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CEO, VorfahrQR UG
Germany📍
Apr 10, 2024
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