How to Obtain a Romania Company Registration Number

There is always a great opportunity and a better market to develop business in Romania, which favors the tax system of the country. It is, therefore, mandatory to have a Romania company registration number in order to launch the operations.

Holders of this essential identifier are guaranteed their companies operate within the Romanian legal regime, the conduct of business in the EU.

Introduction

Nowadays Romania is chosen by business visionaries and organizations as an interesting country for investing and entering the European market. The foundation of this process is to obtain the registration number of the company in Romania and obtain the legal authority to start the business. Below describes procedures of company registration in Romania as well as advantages of doing so.

Why Romania for Business?

Romania serves as the point of entry to many European markets and provides a competitive economy. Businesses benefit from:

• Low corporate taxes (16%)
• Skilled workforce
• Government incentives for tech and R&D

Understanding the Romania Company Registration Number

The number assigned to the Romania company registration is a number given by the National Trade Register. It proves the legal identity of your business and is essential in processes such as opening bank accounts, tax, and legal processes.

Business Entities in Romania

Romania offers several types of business entities:

• SRL (Limited Liability Company): The favored choice for small and medium-sized enterprises (SMEs).
• SA (Joint Stock Company): Used when a large amount of investment is to be made in the business.
• Subsidiary: Recommended for the companies from the other countries seeking Business opportunities in Romania.

Registration Procedures in Romania

Step 1: Choose the Business Structure

The most important thing is to choose the correct legal structure for your business: SRL, SA or another one that will respond to your business model and objectives.

Step 2: Reserve a Unique Company Name

it must be unique and registered in the Trade Register.

Step 3: Accumulate Necessary Papers

Key documents include:

• Articles of Association
• Proof of office registration
• This use is for directors and shareholders to gain an identification.

Step 4: Submit Your Application

Submit your application to the Romanian Trade Register together with the payment for the registration fee.

Step 5: Get your Romania company registration number.

If approved, The Trade Register issues your business a unique registration number.

Benefits of a Romania Company Registration Number

A Romania company registration number provides legitimacy, enabling your business to:

• Enter contracts
• Access EU markets
• Comply with tax obligations

Taxation and Legal Requirements

Taxation and legal requirements refer to all the laws that are held in force that govern the assessment of tax based on revenue, profit or other related factors.

Romania presents avant-garde tax structure standards; CIT is charged at 16% while the VAT charged falls between 5% and 19%. It is required to file an annual report and quarterly taxes.

Role of Professional Services in Company Registration

As I learned, doing business in Romania involves dealing with legal and bureaucratic procedures. Well-established expert firms such as Fintech Harbor Consulting eliminate such issues of bad documentation and failure to register on time.

Frequently Asked Questions

What formalities should be fulfilled to register a company in Romania and how long does it take to do so?

Generally, the process should last for five business days from the time the application is received assuming all the documents are in order.

Are foreign investors allowed to invest in companies that are resident in Romania?

Of course, non-residents can be shareholders and directors of Romanian companies at the same time.

Q3. What are the prices needed in-ROM to incorporate a company?

The price is about € 2,500, although it depends not only on the type of company to be registered but also on the range and package of services offered.

Q4. The question arises, can I register a company remotely?

Remote registration through a legal proxy is possible in Romania.

Q5. The importance of a Romania company registration number.

It is used for legal purposes to fulfill tax regulations and to run a business.

Conclusion

Company registration in Romania is as easy as a walk in the park when appropriate legal advice is sought. The company registration number in Romania is your key to a legal and prosperous company in Europe. It will be easier to make this journey with the help of experience such as that which can be provided by Fintech Harbor Consulting.