open a business in Romania Archives

Open a Sole Trader in Romania

It is possible to open a sole trader in Romania only as a natural person. It must be noted that not only Romanians can set up this structure – this right is granted to foreigners as well, provided that they meet the basic registration obligations. Our Romanian lawyers can present…

Crypto license in Romania

In order to operate in the Romanian cryptocurrency industry, companies need to obtain a crypto license in Romania. Our team of Romanian lawyers can offer legal assistance on the current legislation, licensing requirements and on the obligations crypto businesses have upon incorporation and after they start their activities. It must…

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…

Open a Startup in Romania

Romania is one of the leading markets in Europe when we refer to the IT sector and other industries, which has been encouraged by the local authorities in a variety of ways, including with various tax exemptions that are generally applicable to other economic sectors. Our law firm in Romania…

Obtaining a Romanian Residence Permit

The laws existing in Romania regarding the right of non-EU/EEA citizens to stay and work in Romania are similar to most European Union member states’ legislation. Non-EU citizens need to obtain a Romanian residence permit, a long-stay visa and a work permit to be able to legally work in the…

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 …

How to Start a Business in Romania

The process of opening a business in Romania is similar with the incorporation process that is applicable at the level of the European Union (EU). As a EU member state, Romania provides similar procedures and one can incorporate the same company types that are available under the EU law. However, in most of the…

Virtual Office in Romania

by Vlad Cuc Our team of Romanian lawyers can provide a virtual office in Romania, as stipulated by the applicable legislation in the field. This is a service which can prove useful to certain start-ups or investors who do not dispose of a location that can be used as an…