Company formation in Romania Archives

Open a Trust in Romania

It is possible to open a trust in Romania, as this entity has been regulated under the Romanian law. The trust is known as fiducia and it is used as an instrument through which specific assets are being managed by an appointed party. Our Romanian lawyers can present the applicable…

Set up a Travel Agency in Romania

The procedure to set up a travel agency in Romania is done in accordance with the national law for the incorporation of legal entities. Business forms involved in tourism activities must also hold adequate licenses, issued in accordance with their respective operations. Our law firm in Romania provides the necessary…

Set up a SPV in Romania

The acronym SPV stands for Special Purpose Vehicle, a type of company that is established in order to achieve a specific business purpose. Our team of lawyers in Romania can help investors incorporate an SPV in accordance with the applicable legislation. If you want to set up an SPV in…

Open a Holding in Romania

Investors have the possibility to open a holding in Romania. While the Romanian legislation does not specifically regulate the holding as a different type of legal entity than the ones regulated under the local law (such as the partnership, the limited liability company, etc.), investors can set up this type…

Fiscal Representative in Romania

A fiscal representative in Romania is mandatory for companies based outside the European Union (EU) which conduct taxable activities on the Romanian territory. It must be noted that it is illegal for such companies not to appoint a fiscal representative and failure to register can lead to significant penalties and…

Family Lawyers in Romania

Family lawyers in Romania dedicate their services to any legal matter that is regulated under the Romanian Family Law, whose main regulations derive from the Romanian Civil Code. The services of our lawyers in Romania refer to legal advice and/or assistance and legal representation. Family law can cover any aspect…

Open an LLC in Romania

A limited liability company in Romania is one of the legal entities that can be incorporated as per the rules of the commercial legislation. The limited liability company (LLC) is also one of the most common ways to start a business in Romania, considering that the structure is ideally suited…

Open a Foundation in Romania

Local and foreign investors who want to open a foundation in Romania must observe the legislation on non-profit organizations (NGOs) applicable in this country. NGOs can be incorporated under 2 main structures, as follows: associations; foundations. Although both structures are set up for non-commercial purposes, there are certain differences between…

Divorcing in Romania

According to the legislation in Romania, a couple divorcing in Romania can, according to the Romanian New Civil Code, opt for two types of divorce procedures. One is the judicial divorce stipulated in the art. 374 of the New Civil Code. The second type of divorce is the administrative or…

Power of Attorney in Romania

by Vlad Cuc A Romanian Power of Attorney (POA) has the same basic concept as one in the Western legislations: a document empowering someone else to handle a certain task on behalf of another person/company. Quick Facts Entities that can be granted with the power of attorney Companies, individuals …