COREDO > Company Formation in Romania

Company Formation in Romania

Why Register a Company in Romania

Romania is a rapidly developing EU jurisdiction with competitive taxation, a growing economy, and a strong IT sector. The country offers access to the European market, a 16% corporate tax rate, an extensive double taxation treaty network, and a strategic location between Western Europe and the Balkans.

COREDO has been providing company registration services since 2016, helping entrepreneurs from dozens of countries establish business structures in Romania and other European jurisdictions.

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Cost of the service
from 3 600 EUR

Types of Companies in Romania

Foreign entrepreneurs can register a company in Romania in one of several legal forms.

SRL (Societate cu Răspundere Limitată)

Limited liability company. The most common form of business in Romania. A company can be established by one or more founders (up to 50 participants). Since 1 January 2026, the minimum share capital is RON 500 (approximately EUR 100). However, if the company’s annual net turnover exceeds RON 400,000, the share capital must be increased to at least RON 5,000. SRL is ideally suited for small and medium-sized businesses.

SA (Societate pe Acțiuni)

Joint-stock company. Suitable for large-scale projects involving significant investments. The minimum share capital is RON 90,000 (approximately EUR 18,000), of which at least 30% must be paid upon incorporation. A minimum of two shareholders is required. SA is appropriate for companies planning to enter the stock market or attract a broad range of investors.

SRL-D (Societate cu Răspundere Limitată — Debutant)

Company for first-time entrepreneurs. A special form of SRL available to persons registering a business in Romania for the first time. SRL-D is exempt from ONRC registration fees and offers first-time entrepreneurs preferential conditions for launching a business.

Partnerships (Societate în Nume Colectiv — SNC)

No minimum share capital requirements. A partnership can be established by two or more partners who bear unlimited joint liability for the company’s obligations. This form is suitable for professional associations and family businesses.

Branch of a foreign company

A foreign company may open a branch in Romania without creating a separate legal entity and without minimum capital requirements. The branch operates on behalf of the parent company and is subject to its corporate governance.

Representative office of a foreign company.

Unlike a branch, a representative office cannot carry out commercial activities generating revenue. It is used exclusively for marketing, advertising, and representational purposes of the parent company in Romania.

Company Registration Procedure

Registration of legal entities in Romania is carried out through the National Trade Register — Oficiul Naţional al Registrului Comerţului (ONRC). The registration application is processed by the registrar within one business day of submission. The full registration cycle, including document preparation, typically takes seven to ten business days.

The main stages of the process include: verification and reservation of the company name (a mandatory requirement is the inclusion of at least one Romanian-language word), preparation of the articles of association and bylaws, opening a bank account for depositing the share capital, submission of the document package to ONRC, obtaining the registration certificate and fiscal code, and registration with the tax authorities.

Required Documents

To register a company in Romania, the following documents are required: the articles of association and bylaws specifying the company name, registered office, share capital amount, and types of activities; identity documents of the founders and appointed administrators; proof of the registered office (lease agreement or certificate of ownership); bank confirmation of share capital deposit; resolution appointing the administrator (director). All documents in foreign languages must be submitted with a translation into Romanian certified by an authorised translator. Foreign documents may require an apostille.

Registration Timelines

ONRC processes the registration application within one business day. Taking into account the preliminary preparation of documents, name reservation, and opening of a bank account, the full registration process takes approximately two weeks. With the assistance of COREDO specialists, the procedure can be expedited through correct preparation of the complete document package from the outset.

Cost of Services

The cost of COREDO’s company formation package in Romania (SRL) is EUR 3,600 + VAT. The package includes: preparation of all company documents in bilingual format (English/Romanian), filing with the Trade Register including all state fees, collection and delivery of registration documents, and a registered legal address for 12 months. No power of attorney is required — identity verification is completed remotely in under one minute via the Romanian portal. Registration takes up to 2 weeks.

Annual company maintenance (from year 2): 2,200 EUR. Additional services: VAT registration — 720 EUR, VIES registration — 780 EUR, corporate bank account opening — 1,320 EUR (director must attend the bank in person; COREDO works with ING, Raiffeisen and Revolut Business), payment institution account opening — 1,020 EUR, employment/management agreement — 240 EUR.

Tax System in Romania

Romania offers a competitive and transparent tax system. The standard corporate income tax (CIT) rate is 16%. For micro-enterprises with annual revenue below EUR 100,000 and at least one employee, a simplified regime applies — income tax at 1% of turnover.

Since 2026, a minimum turnover tax of 0.5% has been introduced for large companies — this measure is aimed at ensuring a minimum tax contribution from enterprises with high turnover. This rate is set to be abolished from 2027.

The standard value added tax (VAT) rate in Romania is 19%. Reduced rates apply: 9% for food products, medicines, and water supply, and 5% for residential buildings valued at up to EUR 120,000. Romania has concluded double taxation agreements with more than 80 countries, which significantly simplifies international operations.

Accounting and Reporting

All companies registered in Romania are required to maintain accounting records in accordance with Romanian Accounting Standards (RAS) or International Financial Reporting Standards (IFRS) for large enterprises. The financial year coincides with the calendar year. Companies are obliged to file annual financial statements with the Ministry of Finance. VAT returns are filed monthly or quarterly depending on the company’s turnover. The corporate tax return is filed annually by 25 March of the year following the reporting year. Micro-enterprises file quarterly income tax returns.

Business Specifics

Romania imposes a number of specific requirements on foreign entrepreneurs. The company name must contain at least one Romanian-language word. A registered office in Romania is a mandatory condition for registration. All registration documents are submitted in Romanian. Opening a bank account with a local bank is mandatory and may require the personal presence of the founder. Since 2026, a company is required to maintain an active payment account in Romania — its absence may result in inactive taxpayer status being assigned by ANAF (the tax administration).

Romania actively welcomes foreign investors, providing them with conditions equal to those of local entrepreneurs. Foreign citizens may own 100% of a Romanian company without restrictions. Romania’s IT sector is one of the most dynamically developing in Central and Eastern Europe, creating favourable conditions for technology companies. The country is also a member of several international organisations, including the WTO and NATO, ensuring a stable business environment and a high level of legal protection for investments.

Our Experts

The COREDO team has been operating since 2016 and possesses deep expertise in company registration across various European jurisdictions.

Nikita Veremeev

Founder & NED of COREDO. Founded the company in 2016 and personally oversees the strategic development of business across dozens of jurisdictions.

Pavel Kos

Head of Legal. Has been part of the COREDO team since June 2017, responsible for legal support of corporate projects and company registration.

Basang Ungunov

Lawyer. Has been part of the COREDO team since June 2022, specialising in legal support for company registration and structuring across various jurisdictions.

Frequently Asked Questions

Does the founder need to be personally present in Romania to register a company?

Personal presence of the director is mandatory when opening a bank account — this is a standard KYC requirement that cannot be waived. However, for the company registration itself, no power of attorney is required: identity verification is completed remotely in under one minute via the Romanian government portal. COREDO specialists coordinate the entire registration process and assist with bank account opening documentation.

What is the minimum share capital for an SRL in Romania?

Since 1 January 2026, the minimum share capital for an SRL is RON 500 (approximately EUR 100). If the company’s annual net turnover exceeds RON 400,000, the capital must be increased to at least RON 5,000.

What tax advantages does Romania offer for small businesses?

Micro-enterprises with annual revenue below EUR 100,000 and at least one employee pay income tax of just 1% of turnover instead of the standard 16% corporate tax rate. This makes Romania one of the most attractive EU jurisdictions for start-ups and small businesses.

How long does company registration take in Romania?

The full registration process takes approximately two weeks. ONRC processes the application within one business day; however, taking into account document preparation, name reservation, and banking procedures, the total timeframe is 7–10 business days.

Is it possible to open a branch of a foreign company in Romania?

Yes, a foreign company may open a branch in Romania without creating a separate legal entity. The branch does not require minimum share capital and operates on behalf of the parent company.

What accounting obligations exist for companies in Romania?

All registered companies are required to maintain accounting records in accordance with Romanian standards (RAS). The financial year coincides with the calendar year. Annual financial statements are filed with the Ministry of Finance, and VAT returns are filed monthly or quarterly depending on turnover. The corporate tax return is filed by 25 March of the following year.

Are there restrictions on foreign ownership of companies in Romania?

No, foreign citizens and companies may own 100% of a Romanian company without any restrictions. Romania provides foreign investors with conditions equal to those of local entrepreneurs, making the country attractive for international business.

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COREDO specialists provide full support for the company registration process in Romania — from document preparation to obtaining the registration certificate and fiscal code. We have been operating since 2016, helping entrepreneurs from dozens of countries successfully establish business structures in Europe and beyond.