Recent Law Update Regarding Romanian Micro Companies 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
Romania is currently rated as one of the best countries in Europe for buying a wind farm, especially since it has one of the highest rates of wind energy generation in Europe. The country has abundant sun and wind resources and a history of renewable energy development with wind farms leading the way. Furthermore, the
As in all emerging markets the financing of infrastructure projects requires a good understanding of both the legal and the financial solutions associated with them. This is why the Romanian authorities needed and continue to understand the process adopted by domestic and international investors. As part of this process the Romanian authorities have passed the
When advising on employment issues in Romania we are often presented with a situation where a non – resident foreign company want to employ a person in Romania. One of the first questions that is raised is the question of taxation. The Romanian Fiscal legislation provides that when an employment agreement is concluded between a
We currently are dealing in Romania with a number of employment issues. As Romanian Employment law specialists we are acutely aware that whist Romania is currently going through a period of economic expansion there are still reasons where it is necessary for an employer to make employees redundant. The method and steps required are covered
The Romanian economy changed in 1989 and this brought about a profound effect on the way that people lived their lives and business was done in Romania. Many foreign investors forget that only since 1989 has Romania had a free market economy. This has been a blessing and a curse. One of the major impacts
The majority of investors and companies who wish to incorporate a company in Romania chose to set up a limited liability company (SRL). As a Romanian law firm we are often asked to advise on the type of company to be incorporated and in many cases we would agree with the client’s initial instructions to
Companies have been formed in Romania for many reasons. The Trade Registry has endeavoured to clean up the number of dormant or non-trading companies which had been set up in the first flush of a free market economy. In many cases the owners have let these companies die as they had no interest in them
The use of lawyers in Romania has in the past been limited to using them for legal advisory and court work. Clients should consider using their lawyers in other fields in Romania. This is particularly in a Romanian M&A or a Romanian commercial transaction or one dealing with a Romanian partner. Your Romanian lawyer should