Company registration in Romania

Registering a company in Romania offers many advantages. Business registration process is quick, compliance for opening accounts and managing payments is straightforward, and there is no currency control for transactions in euros or dollars. Operating costs for starting & running a business in Romania are among the lowest in Europe. Romania has signed over 89 double tax treaties, significantly reducing tax burdens for companies and making this jurisdiction more attractive for business operations.

Choosing the company structure in Romania: SRL

An SRL (Societate cu răspundere limitată) is a type of limited liability company in Romania, typically registered by non-residents. The newly created entity must be registered as a microenterprise and apply a simplified tax system if it meets the following criteria:

Annual turnover does not exceed 500,000 EUR
Company does not engage in banking, insurance, reinsurance, financial market services, gaming, or gas and oil processing industries (activities requiring licensing in Romania)

Minimum share capital for an SRL is 200 RON (approximately 50 EUR), divided into shares with a nominal value of at least 10 RON each. Number of founders is limited to 50, and they can be either individuals or legal entities of any residency, including the possibility of establishing a company with a single participant. Each founder is liable only within their share of the capital.

Business in Romania must provide full information on beneficiaries during business registration with National Trade Register and update it annually. Relevant authorities and interested parties with justified reasons have access to this information.

Company registration stages in Romania

Initial consultation with Finevolution experts to define the company’s structure

Prepare documents for opening bank accounts. If required by the type of activity, obtain the administrator’s NIF (Romanian fiscal number). Notarize the documents for the accountant

Director makes one visit to Bucharest for 3-4 days to complete identification process at the bank (OTP Bank, Libra Bank, or Unicredit Bank)

Prepare and notarize powers of attorney & declarations, compile the complete set of business registration documents, and draft the company charter. Sign the legal address agreement

Once bank account operations are activated, we prepare the completion certificate and hand over all documents, payment receipts, and the company seal to the owner. Average registration period is up to one month

After receiving registration certificate, submit documents for obtaining a tax identification number. Proceed with activation in the relevant authorities and social services. Obtain an international customs number

Initial consultation with Finevolution experts to define the company’s structure

Prepare and notarize powers of attorney & declarations, compile the complete set of business registration documents, and draft the company charter. Sign the legal address agreement

Prepare documents for opening bank accounts. If required by the type of activity, obtain the administrator’s NIF (Romanian fiscal number). Notarize the documents for the accountant

Director makes one visit to Bucharest for 3-4 days to complete identification process at the bank (OTP Bank, Libra Bank, or Unicredit Bank)

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Documents required for registering a company in Romania

3-4 company names in order of priority (to avoid duplication with existing names)
Business plan & detailed list of activities the company will engage in
Copies of passports, local ID with registration, tax number, and two notarized powers of attorney (if registering through Finevolution)
Translations of documents by a Romanian notary
Proof of the director’s registration address (e.g., utility bill)
Company charter & share capital
Legal address for at least one year

Opening a company in Romania without personal visit

Yes, it is possible to open a business in Romania without visiting the country, but under certain conditions.

For example, if owner cannot travel, and their spouse acts as the director, director will need to visit Bucharest for 3-4 days to complete bank identification and accountant activation based on a power of attorney. Standard package includes one bank account in euros, dollars, and Romanian lei.

Basic taxes for businesses in Romania

Corporate profit tax: Standard rate is 16% for Romanian companies and foreign companies operating through a permanent establishment in Romania.

Microenterprise income tax rates:

1% for microenterprises with income below 60,000 EUR, not engaged in specific activities.
3% for microenterprises with income over 60,000 EUR or involved in specific activities.

If a company’s income exceeds 250, 000 EUR, it is taxed at 16% of its profit.

Taxation for IT employees in Romania

Employees in Romania whose work involves creating software (CAEN codes 5821, 5829, 6201, 6202, 6209) enjoy exemption from income tax on wages if the following conditions are met:

The position corresponds to the professions listed in the appendix.
The position is part of a dedicated IT department within the organization’s structure.
The employee holds a diploma or higher education confirming their qualifications.
The employer reported income from software development in the previous financial year and recorded it in the financial statements.

Annual revenue is at least 10,000 EUR (calculated at the monthly average exchange rate from the National Bank of Romania) per employee benefiting from the tax exemption. If you decide to register a business in Romania, we recommend starting the process today.

Contact our specialists for a consultation, and we’ll promptly begin the company registration process. Business Hours: Monday to Friday, 9:00 AM — 7:00 PM. Contact us via WhatsApp, Telegram, or Viber, or submit an inquiry through our online form.

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