A standard question of any potential foreign investor in Romania is, what is the current situation in Romania regarding the taxation of companies. To assist potential investors, we have prepared a short note which outlines the basic principles of the taxation regime for companies and individuals. This note is not intended to provide an answer

Once a decision has been made to purchase an asset in Romania be it the business of a company or shares in a Romanian company other considerations then enter into the equation. As most lawyers and general counsels know, commercial decisions are made and then it is the lawyer’s job to implement such decisions. One

Romania currently has one of the most employee friendly legal regimes in the European Union. We are often asked to advise on the problems in terms of restructuring and dismissal of employees. Whilst not as employee friendly as France or Italy Romania comes very close behind. For all employers, the question of employee protection and

To help deal with the huge influx of Ukrainian refugees, the law firms of Globalaw, the international law network are joining forces to advise refugees how to best and most efficiently legalize their stay and complete all underlying formalities.  Watch this space for information on the opening of help desks in Globalaw member firms.  In

Why Increase share capital by converting loans into shares When a company is in the start-up stage, cash flow problems may exist and liquidity is needed for the company to operate. Although there are sources of financing available companies often choose to capitalise a loan from shareholders or associates, or even third parties. What is

The COVID-19 pandemic has caused many employers to offer full-time remote work for their employees. To encourage employees in several European countries, including Germany, Portugal, Iceland, Croatia or some non-EU countries such as Mexico, Costa Rica or the United Arab Emirates many countries have relaxed immigration requirements and offered some tax exemptions in respect of

Romanian micro companies are still attracting interest from potential foreign investors. Micro companies are companies incorporated in accordance with Law 30/1990 Companies law as Limited Liability Companies (“SRL”) and therefore from the legal perspective they are no different from other Romanian SRL companies except in the realm of taxation. For companies qualified as microenterprises under

When the managing director walks into your office and says to you, as the General Counsel, we are going to work in Romania often the first reaction of the GC, is why Romania and where is it. Sensible questions and ones that we will now try and give an initial answer to. As a commercial