How to Register a Business in Romania

If you’re thinking of starting a business in Romania, congratulations! Romania is a country with a thriving economy and a friendly business environment. The process of registering a business in Romania is straightforward, and in this article, we will guide you through the steps involved.

Step 1: Choose Your Business Structure

Before you can register your business in Romania, you need to decide on the type of business structure that suits your needs. The most common types of business structures in Romania are:

Sole trader (PFA)

Limited Liability Company (SRL)

Joint-stock company (SA)

Each business structure has its advantages and disadvantages, and it’s important to choose the one that suits your business needs. A sole trader is the easiest and cheapest business structure to set up, but it also carries the most risk. Limited Liability Companies are the most popular type of business in Romania, offering a good balance of risk and flexibility.

Step 2: Choose Your Business Name

Once you have decided on your business structure, the next step is to choose a name for your business. The name must be unique and not already registered by another business in Romania. You can check the availability of your chosen name by visiting the National Trade Register Office (ONRC) website.

Step 3: Register Your Business

To register your business in Romania, you need to submit the following documents to the ONRC:

The articles of association

The registration form

A copy of your identity card or passport

Proof of payment of the registration fee

The fiscal registration form

The registration fee varies depending on your chosen business structure, and it typically takes around two weeks to receive your business registration certificate.

Step 4: Register for Tax and Social Security

After you have registered your business with the ONRC, the next step is to register for tax and social security. You can do this by visiting the National Agency for Fiscal Administration (ANAF) and the National House of Public Pensions (CNPP) respectively.

Step 5: Obtain Any Necessary Licenses and Permits

Depending on the nature of your business, you may need to obtain additional licenses and permits before you can start trading. These licenses and permits vary depending on your industry and business activity. You can check which licenses and permits you need by visiting the Romanian Business Registry (ONRC) website.

Step 6: Open a Business Bank Account

To operate your business in Romania, you need to open a business bank account. This account will be used to manage your business finances, including paying taxes, salaries, and suppliers. You can open a business bank account at any bank in Romania.

Conclusion

Registering a business in Romania is a straightforward process, but it can be time-consuming and challenging if you’re not familiar with the country’s legal system. Generis Global is a leading consulting firm that specializes in helping businesses set up and operate in Romania. Our team of experts can guide you through the legal and administrative procedures involved in starting a business in Romania, saving you time and money. Contact us today to learn more about how we can help you with your business journey in Romania.

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