Romania offers attractive opportunities for entrepreneurs who want to start a business in Europe. The company formation process usually consists of the following steps:
1.Company Type Selection: A PFA is the simplest type of business where the business owner works directly. The SRL is a preferred form of legal entity among entrepreneurs due to its flexibility. It can have more than one partner and has a share capital made up of social shares.
2.Required Documents: Founder documents, address registration, trade name registration.
3. Official Registration: The business is registered with the Trade Registry and legal activities are initiated.
Benefits
- Low Tax Rates: PFA 10%, SRL 16% corporate tax or turnover-based tax options for micro-enterprises.
- Residence Rights: Your company has the right to issue a work permit after 1 year.
- EU Market Access: Your company benefits from free trade advantages across the EU.
- Fast Processing Time: Company registration can be completed in 5-15 business days.
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