International Correspondence Lawyers & Financial Experts
ICL DIRECTORY
Company Formation & Tax Rates
Romania
Kindly supported by:
Hammond & Associates
Blvd Unirii nr 68, Bloc K2, Sc 1, 8th Floor Suite 31
Bucuresti
Romania
Tel.: +40 (21) 326 6053
Fax: +40 (21) 326 6060
Mail: nhammond@ha-legal.com
Internet: http://www.ha-legal.com
| Societate cu raspundere limitata (SRL) *1 | Societate pe actiuni (SA) *1.1 | |
| Company law | Companies Law no. 31 of 16th November 1990 (as amended) as at January 2007 | Companies Law no. 31 of 16th November 1990 (as amended) as at January 2007 |
| Company purpose | free | free |
| Founders | 1 (minimum) to 50 | at least 2 shareholders |
| Capital requirements | RON 200 | RON 90,000 |
| Liability | limited | limited |
| Costs of incorporation | Legal fees €450 plus taxes and notary fees | Legal fees from €450 plus taxes and notary fees |
| Incorporation | Constitutive Act + registration | Constitutive Act + registration |
| Company name | free + company form | free + company form |
| Formalities | moderate | moderate |
| Credit / funds | possible | possible |
| Accounting obligation | yes | yes |
| Management | at least 1 director | board of directors (minimum 1) |
| Nationality | free | free |
| Image | moderate | good |
| Taxation | CT + PT + VAT | CT + PT + VAT |
- - - - - - - - - - - - -
| Income tax | Corporate tax | Profit tax | VAT | |
| Tax rate | IMM- if the total income is max. 100.000 Euro: 2% for 2007; 2,5% for 2008; 3% for 2009 | 16% | 16% | 19% |
*1 Limited Liability Company
*1.1 Stock Company
