Foreign businessmen can open a recruitment company in Romania following the standard registration steps and by acquiring the necessary permits and documentation required for this type of activity. The registration procedure can be completed with the help of our lawyers in Romania, who have in-depth experience in company formation matters.
The registration of a legal entity that carries out this type of business activity begins with the Romanian Trade Register (Oficiul National al Registrului Comertului – ONRC, in Romanian), where the company’s founders or their legal representatives (such as our Romanian lawyers) submit the basic documentation mandatory for incorporation.
Please mind that this type of activity needs to be licensed and for this, the company’s representatives must register the legal entity with the Regional Inspectorate of Employment and provide evidence on the fact that the business has a proper office, suitable for recruitment activities and that it has employees that have the necessary qualification in recruitment.
A prerequisite of the licensing process is having a database of job openings and applications for the overseas employment market (for this type of activity the recruitment company must select the CAEN code 7810).
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Registration file
In order to open a recruitment company in Romania, the representatives of a legal entity that will carry out recruitment activities must prepare standard documentation, which may slightly vary in accordance with the business form that will be incorporated.
There are more than 10 types of entities recognized in Romania, but in general, recruitment agencies will be incorporated as limited liability companies, therefore our attorneys in Romania will present in the list below some of the basic papers that must be submitted for the registration with ONRC:
- the registration form;
- the request for fiscal registration;
- documentation attesting the registered address of the company;
- proof of trade name reservation;
- the constitutive documents;
- the identity documents of the shareholders and administrators;
- proof of paying the registration fee.
Please mind that there are other documents that can be required by the institution; our law firm in Romania can offer personalized assistance to any interested party. We also offer guidance to those who want to open a recruitment company in Romania incorporated under other legal entities.
What types of activities are carried out by recruitment companies?
Recruitment agencies can develop a variety of activities that have as a main purpose finding the most suitable candidates for certain job openings. Such companies can focus on the local employment market or they can be specialized in hiring foreign workforce on the Romanian market. Likewise, they can intermediate the hiring of a Romanian employee in companies operating overseas.
They can have different strategies in reaching the eligible workforce, some of which are:
- digital platforms – where employers post their available job positions and where interested individuals can apply for the respective jobs;
- carrier fairs – these usually take place in university campuses or in other locations, depending on the target group to which the event is addressed to;
- standard recruitment activities – in which the representatives of a recruitment agency directly meet with the representatives of hiring companies and obtain information on the ideal candidate, the job description, salary, etc.
Data on recruitment companies in Romania
It can be a wise decision to set up a company in Romania in this industry, as the last few years the sector has slightly increased. In the list below, we highlight the performance of the industry at national and European levels:
- at a European level, the recruitment industry in Romania ranks on the 18th place in terms of revenue, the 13th place in terms of number of employees and wages and the 10th place concerning the number of legal entities operating in the industry (in a study containing 37 jurisdictions);
- the value of the industry is estimated at EUR 417,4 million;
- between 2020 and 2025, the CAGR (Compound Annual Growth Rate) was 4.6%;
- there are 1,497 businesses registered as employment placement agencies operating in Romania.
We invite you to address us if you want to open a business in Romania. We can provide all the necessary legal support and you can also rely on our Romanian lawyers if you plan to buy a property in Romania for corporate purposes.