ΕλληνικάCompany Formation in Romania
The current tax legislation in Romania, combined with the low costs of establishing and maintaining a company, creates a favorable framework for investments and company formation in the country.
Romanian companies issue invoices that are recognized across all EU countries, including Greece, creating a robust professional environment. This environment is further enhanced by low taxation, while ensuring financial confidentiality. Establishing a company in Romania provides flexibility in business management and protects business activities.
We are future-oriented by setting strategic long-term goals; planning ahead is not just a necessity but an inherent characteristic of our corporate identity.
Our mind-set is global thus we enjoy working seamlessly across borders.
We strive for fairness by treating everyone with respect, not just courtesy.
We focus on delivering world-class legal services and advice, thus reaching for the highest standard possible means that excellence is the only threshold.
Tailored Solutions from OIKONOMAKIS LAW in Greece and Romania
The specialized staff of OIKONOMAKIS LAW in Greece and Romania can inform you about any type of company you are interested in and suggest the ideal company form according to your needs and business plan.
- P.F.A. (Persoană Fizică Autorizată) – Sole Proprietorship.
- S.R.L. (Societate cu Răspundere Limitată) – Limited Liability Company.
- S.A. (Societate pe Acţiuni) – Joint-Stock Company.
A Comparative Analysis of S.R.L. and S.A. for Foreign Investors
Foreign investors are predominantly interested in S.R.L. and S.A. company types. When describing and distinguishing between these two corporate forms, the following points should be considered:
| Corporate Types | S.R.L. (LLC) | S.A. (JSC) |
| Shareholder liability | NO | YES |
| Number of shareholders | 1-50 | 2+ |
| Dissolution and liquidation | A single shareholder can block the process | The majority holds the right to dissolve |
The process of establishing an S.R.L. in its basic form is completed by just two state agencies:
1.Chamber of Commerce
- Research and registration of the company name.
- Approval of headquarters.
- Approval of shareholders and directors.
- Submission of all supporting documents and final approval of company formation. After the Chamber of Commerce approves the formation, the new company will receive both a VAT number and a Registration Number, and then proceed further with the Tax Authorities.
2.Tax Authorities
- Registration and integration into the VAT system.
- Registration and integration into the European VIES system for intra-community transactions. This process can take from 4 to 30 days, depending on the specific circumstances of the case.
For example, according to the Romanian Tax Code, an S.R.L. can choose whether it wants to charge VAT. In cases where companies choose not to charge VAT, they are not permitted to include VAT on their invoices.
Feel free to contact us for more detailed information and assistance with setting up your business in Romania.