MHC Law Firm is a legal entity located in Bucharest which provides legal assistance to foreign investors in Romania in the areas of commercial law & litigation, real estate law, company setup or debt collection. The largest category of clients our law firm in Romania has is comprised of foreign businessmen interested in company formation in Romania.
| Quick Facts | |
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| Legal services offered by our law firm in Romania |
Our Romanian law office offers: – company formation services to local and foreign investors, – legal representation in front of the Romanian courts, – assistance in opening a branch office, – help for obtaining business licenses and permits, – register with local institutions, – representation in mergers and acqusitions, – real estate or company dissolution, – litigation cases, – tax advice, – debt collection and others |
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Types of clients our team can serve |
– Romanian citizens and Romanian based companies, – foreing clients (corporate and individuals), – non-profit organizations, etc. |
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Reasons to choose our team |
– extensive experience in legal matters, – a large network of lawyers that can be contacted in many Romanian cities, – international affiliation with partners from Europe, Asia, USA. |
| Legal services for company formation in Romania |
Our Romanian law office can help clients with the following: – selecting a trading name, – prepare the incorporation documents, – select a legal entity (most common way to start a business is through the societate cu raspundere limitata – limited liability company), – obtain business permits, – rent an office space |
| Legal services for setting up a representative office |
– advice on the applicable law (Law No. 122/1990), – open a bank account, – obtain a license from the Ministry of Industry, – preparing the documents for registration, – obtaining a certificate from the General Directorate of Public Finances (Directia Generala a Finantelor Publice). |
| Accounting services (yes/no) | Yes |
| Tax advice and assistance (yes/no) | Yes |
| Tax registration services |
– registering the company with the Tax Office (Agentia Nationala de Administrare Fiscala), – applying for a VAT number, – submitting tax returns |
| Common legal services for foreigners |
Our Romanian law office can help foreigners purchase properties in Romania, register trademarks, patents, etc., help foreign investors start a business or assist foreign clients in notary public proceedings. |
| Assistance in setting up a bank account |
– advising clients in selecting a suitable bank account (in LEI, USD or EUR), – prepare the documents required by the bank, – prepare/obtain the necessary documents for corporate clients, – advice on the applicable law (Foreign Exchange Control Regulation 04/2012). |
| Basic taxes for companies in Romania |
– the corporate income tax (standard rate 16%), – micro-company corporate tax (1% or 3%, based on the number of employees), – VAT (standard rate 19%, reduced rates: 9% and 5%), – withholding taxes, – employment taxes |
| Basic taxes for individuals in Romania |
Personal income tax (standard rate 10%) |
| When can a foreigner apply for a residence permit? |
For: – family reunification (as the husband/wife of a Romanian citizen, family members of Romanian citizens, first degree relatives), – employment, – study, – other reasons prescribed by the General Inspectorate for Immigration (Inspectoratul General pentru Imigrari). |
| Reasons to invest in Romania |
– advantageous geographic location, – highly trained workforce, – competitive economy, – member of the EU, – low taxes compared to the EU average, – rich in natural resources, – various incentives for specific economic activities etc. |
| Debt collection services |
– addressing to debtors on behalf of clients, – amicable settlement, – judicial collection, – advising clients on contracts and agreements, – representation in bankruptcy cases, – executing judgements, – representation in court. |
Why hire MHC Law Firm?
- Reason 1: Our Romanian lawyers have over a decade of experience serving foreign clients – we have assisted companies and persons from over 50 countries;
- Reason 2: Our lawyers are based in Bucharest; however, we can also provide legal assistance in other main Romanian cities, such as Cluj, Iasi, Constanta, Brasov, Sibiu, Oradea or Galati;
- Reason 3: Our Romanian attorneys are recommended by numerous international affiliates, as well as embassies and consulates in Romania as trustworthy consultants.
What are your main affiliations?
Our law firm is currently a member of HG.org, a prestigious online legal portal. The lawyers of MHC Law Firm are also members of the Bucharest Bar Association and members of the International Law Office (ILO). Our attorneys are also present on the list created by the Foreign and Commonwealth Office (FCO).
What is your online presence?
Over time we have added more than 100 articles on different subjects of interest in seven languages, on our website. Our partners and clients should also know that they can find a lot of legal information on our specialized legal blog. Businessmen can follow our YouTube account, where they can find short videos presenting the procedures involved in opening various types of Romanian companies.
In the infographic below, you can find out our basic legal services in Romania:
What are the main fees charged for company formation in Romania?
If you want to start the process of company formation in Romania with the assistance of our team, you will need to pay various fee (our legal services, governmental fees, notary fees, etc.). In the list below, we invite you to discover the main fees charged by our team of Romanian lawyers:
- EUR 780 – the standard fee charged by our Romanian lawyer for the registration of a limited liability company;
- EUR 30 – Trade Registration fee, which includes name reservation services;
- EUR 150 – sworn translator fee;
- EUR 200 – registered address services paid for 1 year (this service is offered through one of our specialized partners);
- EUR 150 – VAT registration (optional service).
Overall, if you want to book our services for the registration of a limited liability company it will cost EUR 960 (the lawyer’s fee, Trade Registration fee and sworn translation services). Provided that you will want us to assist you in obtaining a registered address (which is mandatory for company formation in Romania), it will cost EUR 1,160.
How can your Romanian lawyers assist in opening a company?
Some of the main steps investors should expect in the process of company formation in Romania are the following:
- selecting a suitable company name and registering it with the Commercial Registry Office;
- deposit the company’s share capital in a local bank account (this procedure can be completed at any commercial bank);
- drafting the company’s articles of association, which represent the statutory documents of a corporate structure in Romania;
- the articles of association of a Romanian company have to be registered with the Commercial Registry;
- register the company for taxation purposes – a local company should be registered for value added tax, for social security and other specific taxes.
What are the types of companies I can set up in Romania?
Foreign businessmen can opt to register one of the following:
- the limited liability company – the most common choice of both local and foreign businessmen;
- the general partnership – it is formed by at least two partners, who do not have to deposit any share capital;
- the limited partnership – it is formed by the association of a general partner and a limited partner;
- the joint stock company – it is a business form that is created for large companies;
- the company limited by shares – it is set up by at least two shareholders.
How can I expand a foreign company in Romania?
If you want to expand a foreign business on the local market, you have the possibility of registering a branch office, a subsidiary (incorporated as one of the Romanian legal entities) or a representative office.
How much does it cost to incorporate a branch in Romania?
The incorporation costs associated with the registration of a branch are similar to the ones we have presented above, for the limited liability company. The fees are:
- EUR 30 – Trade Register fee;
- EUR 280 – sworn translation fee;
- EUR 750 – the standard fee charged by our lawyer in Romania;
- EUR 210/year – registered business address.
Do I need to be present in Romania for the incorporation of a legal entity?
No, the process of company formation in Romania can be completed by our lawyers, through the power of attorney. It is also not required for the appointed director or the administrator of the company to be present during the registration formalities.
How long does it take to register a Romanian legal entity?
The procedure can take around 5 business days (since the submission of the registration paperwork to the moment when the Certificate of Registration is issued).
Can I own more than one company in Romania?
Yes, you can be the owner of several legal entities.
Do I get any discounts if I complete the registration formalities with your team for several legal entities?
Yes, you can benefit from our special offers if you choose to incorporate at least 2 companies with us or for a long-term collaboration. Our discounts vary from EUR 50 to EUR 420.
What is the legal statute of Romanian lawyers?
If you’re searching for the services of a lawyer in Romania, you need to know that this profession is considered by the law that regulates its activity as an independent profession. According to the law and the Statute that regulate this legal profession, lawyers can function in one of these forms:
- Individual Romanian Lawyer;
- Romanian Associated Law Offices;
- Professional Civil Law Company;
- Romanian Professional Limited Liability Law Firm.
Persons interested in receiving legal services from our team of Romanian lawyers can contact our law firm in Romania.