Significant bureaucratic obstacles connected with the process of incorporation and the operation of Romanian Limited Liability Companies have been eliminated.

Starting with July 5th, 2020, the following are now possible:

• For one person to incorporate any number of LLCs (“SRL”)
In the past, this option existed just for one LLC, while holding structures needed to introduce a second shareholder
• For an LLC owned by a single shareholder to participate as sole shareholder in another LLC
This structure was strongly prohibited before, and led to practical problems within group structures
• For several companies to operate in the same space
This was the biggest problem when entering the Romanian market, since it was a challenge for group companies to structure the lease agreements so as to allow simultaneous headquarters in the same building
• To incorporate companies and make relevant changes with the Commercial Register, is now a less bureaucratic process
The formal requirements regarding the documents to be submitted to the Commercial Registries have also been simplified accordingly.

You can find more detailed information under: [https://stalfort.ro/wp-content/uploads/2020/07/20200710_VB_New_law_simplifies_procedures_regarding_Romanian_companies-.pdf]

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