This article is intended to clarify some of the questions which arise regarding the role powers and authority of an administrator in a Romanian company. The powers of the administrator in a Romanian limited liability company are not that extensive in comparison to the powers of administrators of other companies in Europe or other parts
The first question international clients usually ask us as lawyers in Romania is how long will it take to incorporate a company. As an experienced Romanian law Firm that should be an easy question to answer, but like most things in the current business world, the answer is not as simple as the question would
One of the current most challenging issues on the incorporation of a company in Romania is the immediate tax impact on the company and its profitability. The majority of Romanian companies were incorporated with the minimum capital of two hundred (200) RON. This means a minimum capital of approximately forty-five (45) Euros. This is still