Doing Business: Advantages of Incorporating a Company in Romania

With taxes ranging from 1% to 16%, a differentiated VAT depending on the type and ...

The New Amendments to the Companies Law in Romania

On July 2, 2020, Law no. 102/2020 for the amendment and supplementation of Companies Law ...

How do you appeal fiscal’s authority decision, after inspection

Very often, tax inspectors decide larger amounts of fiscal debt after a fiscal inspection. However, ...

How can a Romanian insolvent company best value its asset

Romanian companies that have opened insolvency proceedings need liquidity to continue their business. One of ...

How to exclude an undesirable shareholder from your company

If a shareholder fails to fulfill its obligations or does something contrary to the interests ...

How can you recover a car, an industrial machine or equipment from someone who refuses to render the asset

There are many situations when contracts between companies are not respected by one party, which ...

Six steps to get court agreement in order to recover your debt

In order to recover a debt, the creditor who has an enforceable title (such as ...

Pavel, Mărgărit & Associates Romanian Law Firm advised a major company in a successful reorganization case

Having over 10 years of experience in restructuring and insolvency cases, Pavel, Mărgărit & Associates ...

Construction litigation: How can claims be recovered by tenants and real estate developers?

In the first quarter of the year, over 17,000 building activities were inspected by Romanian ...

ANRP granted to former owners of a nationalized property compensation titles worth almost EUR 1 billion in the last 5 years

From 2014 until mid-July 2018, the former owners of the nationalized houses received compensation titles ...

How to appeal an asylum request rejection in Romania

Applications for asylum may be rejected by Romanian authorities from several reasons. Applicants have multiple ...

Who can be held accountable for the company’s insolvency

Tens of thousands of Romanian companies are still in insolvency stage. Many companies opened the ...

Merger of companies in Romania

The merger of the companies presupposes the existence of at least two distinct companies registered ...

How to change the company’s headquarters

The headquarters of the company may be changed at any time by the sole shareholder's ...

Regaining citizenship for those persons who lost it and their descendants

Romanian citizenship may be obtained by persons who lost this status, as well by their ...

Transcription of foreign civil status documents into Romanian registries

Any Romanian citizen is obliged by law to transcribe their civil status documents obtained abroad. ...

How to reduce the share capital of a Romanian Limited Liability Company

The share capital of a company cannot be less than 42 euros (200 Romanian lei). ...

How to modify the main object of activity of the Romanian company

The main object of activity is the basic activity that a company carries out. This ...

How can associates change the Director of a Romanian company?

Romanian limited liabilities companies and joint stock companies can change their Directors at any time ...

How to increase the share capital of a company in Romania. Benefits and legal issues involved

The share capital of a Romanian Limited Liability Company (LLC) can’t be less than 42 ...

What do you have to do when you make an acquisition of a company in Romania

When a new shareholder makes an acquisition of shares in a company in Romania, he ...

Five aspects you have to keep in mind when you buy a property in Romania

We are again going through a boom in the real estate market in Romania, and ...

How to obtain a long stay visa for commercial activities

If you do not have the Romanian citizenship or the citizenship of another member of ...

Are you looking to rent a office space in Romania?

Are you looking to rent a office space in Romania? These are some unpleasant legal ...

Four aspects that you need to keep in mind when buying land in Romania. How can a Romanian lawyer help you

Buying a land for exploitation or for construction in Romania involves a lot of legal ...

You’re the administrator of a company in Romania? How may a claim of personal liability be filed against you?

During and after crisis, more and more companies have entered into the insolvency procedure or ...

City halls in Romania have thousands of unsolved property restitution notifications. Allmost 30.000 files could be solved in Law court

Some city halls in Romania have hundreds, thousands and even tens of thousands unsolved property ...

How to Establish and Incorporate a Limited Liability Company in Romania Using a Corporate Lawyer in Bucharest

What seems to be relevant in the present article is the current legislation in Romania ...

New Customs Code of the European Union

The Customs Code establishes the general rules and procedures applicable to goods brought into or ...

Tax on dividends starting in January 2016

In case a Romanian legal entity pays the dividends to another Romanian legal entity, it ...

The High Court of Cassation and Justice decided that an appeal against the tax audit report is inadmissible

The High Court of Cassation and Justice, in motivating the decision, considered that the tax ...

Immigration law in Romania, seeking an immigration lawyer for obtaining Romanian citizenship

Immigration law provides the right of foreign to apply for Romanian citizenship. With the help ...

Directive 2014/98/EU on 15 October 2014

The Directive 2014/98/EU on 15 October 2014 implements the Council Directive 2008/90/EC as regards specific ...

Directive 2014/96/EU of 15 October 2014

on the requirements for the labeling, sealing and packaging of fruit plant propagating material and ...

Directive 2014/91/EU of the European Parliament and of the Council of 23 July 2014

14 The Directive amends Directive 2009/65/EC on the coordination of laws, regulations and administrative provisions ...

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Directive 2014/92/EU Of The European Parliament And Of The Council

On the comparability of fees related to payment accounts, payment account switching and access to ...

Council Directive 2014/86/EU of 8 July 2014

The Council Directive 2014/86/EU  of 8 July 2014 amends Directive 2011/96/EU on the common system ...

Commission Directive 2014/82/EU of 24 June 2014

The Directive amends Directive 2007/59/EC of the European Parliament and of the Council as regards ...

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VAT reform initiated by the European Commission

Among the updated Norms it will be supported more effectively the single market, it will ...

ANCOM press release about the extension of the telephone, Internet and television Agreements

The Agreements for telephone, Internet and television services are extended, usually, either with automatically, for ...

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Amending the law regarding patient rights

The persons expressly designated by the patient are the relatives and friends of the patient, ...

Decision of the High Court of Cassation and Justice on imposing of restrictive requirements for subcontractors

Stating that in its contents are inserted only the defenses of the respondent-defendant, without concrete ...

Since January 2016, the provisions of Regulation No. 524/2013 on online dispute resolution for consumer are applicable

This ordinance applies to extra judiciary procedures to settle national and cross-border litigation arising from ...

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Failure to display the energy certificate by the building owners punished more severely

The main amendments brought by the Ordinance are the substantial increase in fines, and the ...

Law regarding giving in payment of immovable property for redemption of obligations under loan agreements was adopted by the Senate

According to the legal provisions, notwithstanding the Civil Code, the consumer has the right to ...

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The Law amending the criminal record was modified

The law was amended for the need to facilitate the access of Romanian citizens abroad ...

It was approved the Order on the procedure for declaring inactive taxpayers

According to the Order, the taxpayers / payers declared inactive will have the VAT registration ...

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Draft order regarding the procedure of registration for VAT

According to the Project, the procedure is applicable for issuing the Decision on registration for ...

ICCJ decision on whether to grant compensation for loss of earnings

"In order to establish the monetary equivalent of the damage apply the principles established by ...

Constitutional Court’s decision on the cessation of entirety by judicial partition

The object of the exception of unconstitutionality is the provisions of art. 990 paragraph (1) ...

Exception of unconstitutionality. The obligation to ensure legal assistance during the trial

In justifying the exception of unconstitutionality it is shown that the criticized text discriminates against ...

Preliminary ruling on the nature of the consumer loan. Ruling of the EUCJ

1.     Must it be held that, pursuant to Article 4(1)(2) (investment services and activities), Article 4(1)(17) (financial ...

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CJUE. Right of subscribers terminate the contract without penalty

This request for a preliminary ruling has been made in proceedings between the Verein für ...

RIL admitted. The act of conducting activity in shopping centers, on public holidays

 in public holidays as stipulated in article 139 paragraph (1) of the Labor Code, republished, ...

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CJEU. Commercial lease agreements. Right of the anchor tenant to prevent the lessor letting commercial premises to third parties

The request for a preliminary ruling has been made in proceedings between SIA ‘Maxima Latvija’ ...

EUCJ. Directive on collective redundancies. Termination of Labor Agreement

“If the view were taken that a worker’s refusal to accept a 25% reduction of ...

Preliminary ruling regarding infringement of intellectual proprietary right

The preliminary question relates to art. 8 (1) of Directive 2004/48 / EC of the ...

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Law promulgated: Owners associations obliged to issue receipts of the divided maintenance expenses

The Law is to be published in the Official Gazette and then will enter into ...

Decision No. 17 / 05.10.2015 of the ICCJ, on the amounts due for defendants convicted of tax evasion

The Decision is to be published in the Official Gazette, at which point the judgment ...

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It was published the final version of the law “Big Brother”. What is the time limit allowed to providers for data storage?

The law will come into force on 17.10.2015. According to this law, "traffic data relating ...

The providers of telephony, Internet and television are obliged to publish the information regarding the termination or modification of the Agreement

According to the decision above – mentioned, the information that providers are obliged to publish ...

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What is the deadline for replacing the cash registers with paper rolls?

These provisions are contained in the Emergency Ordinance No. 91/2014 on amending and supplementing the ...

Stock company. The expiration of the Directors’ mandate

"Pursuant to art. 72 of Law no. 31/1990, the obligations and responsibility of the directors ...

ICCJ. Exclusion of a shareholder. Company dissolution

"If by a counterclaim is requested the exclusion from the company of the shareholder director ...

EUCJ declares that the Commission’s US Safe Harbour Decision is invalid

Whilst the Court of Justice alone has jurisdiction to declare an EU act invalid, where ...

ICCJ. Unjustified refusal to process an application

The High Court finds that in this case, the arguments of the court are devoid ...

From 1’st of January 2016 the tax for certain micro enterprises will drop to 1%

So, the general quota of tax revenue for Micro enterprises will continue to be 3%, ...

Gift vouchers up to 150 lei will not be taxed from 2016

Thus, since 1 January 2016, the quota up to 2%, representing the limit to which ...

The tax record certificate was amended, starting on 03/09/2015

This Ordinance repealed the previous regulation regarding the fiscal record certificate, respectively Government Ordinance no. ...

The new Fiscal Code passed the Parliament and will be sent to promulgation

The Law Project on the new Fiscal Code was sent for the second time to ...

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The procedure for applying for compensation from Astra Insurance Reinsurance Company

In this situation, the creditors of the insurance policies (insured person, the insurance beneficiary or ...

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The Labor Code was adopted on 03.09.2015, as a result of a citizens’ legislative initiative

The document, which passed the verification of the Constitutional Court, provides flexible and more balanced ...

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High Court. Annulment of Shareholders Resolution for conversion of shares. Effects

In the present case subject to the Decision, given that through the claim the plaintiff ...

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ANAF started checking individuals with high fiscal risk

In the sample of risk are included individuals with a fortune displayed significantly (real estate, ...

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There were established two new types of legal entities, non-existent so far in Romania

The social economy contributes to the development of local communities, creating jobs, involvement of persons ...

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Amendment to the provisions on the criteria for conditioning the registration for VAT purposes

According to the said Order, if the legal representative of the taxable person presents to ...

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The new Fiscal Procedure Code was approved by Law no. 207/2015

In the transitional and final provisions it is provided, inter alia, the exemption from the ...

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The decision of the High Court of Cassation and Justice on the insurer’s refusal to pay the indemnity

The High Court of Cassation and Justice, looking at the allegations of the case found ...

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Law Project on appeals in matters of public procurement contracts

This Law Project applies to claims involving the granting of compensation for damages caused in ...

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For any document issued by the Tax Authorities there is no longer a stamp duty mandatory

Through this Ordinance it was introduced a new article in the Fiscal Procedure Code, which ...

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High Court decision on the evidence of improvements made by the lessee

The claims representing the value of improvements to the apartments were found by the Court ...

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Law Project – Incorporation the associations of owners and management of condominiums

Currently, the regulatory framework relating to housing include: Housing Law no. 114/1996, republished, with subsequent ...

New law project – on tourism law

Considering the present situation and the needs identified in the field of tourism, this Law ...

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The law which amends the provisions relating to maternity protection at workplaces came into force

Under the new legal provisions, by "job" means the area delimited in space, depending on ...

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The tax codes were adopted by the Chamber of Deputies. Lowering of VAT to 19% will enter into force

One of the most important changes provided by the two codes is the one regarding ...

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The voluntary house insurance can be closed only after completing a mandatory insurance. Law project adopted

Through the Law Project was introduced a new provision which establishes the rule that you ...

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The Doctors will be able to work privately in public hospitals

They may be included in the list of health services, investigations or treatments with payment, ...

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Minimum wage will be increased from July 1’st. Obligations for Employers

So, in the first stage, starting on 1 January 2015, to 975 lei per month ...

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It was republished the Law no. 189 of 13.05.2003 on international legal assistance in civil and commercial matters

Release of judicial and extrajudicial documents in and abroad is the formality that aims to ...

It was published the Law No. 121 / 29.05.2015 amending and supplementing the Law on Accounting

According to this law, individuals performing activities which product income, as defined by the Tax ...

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The implementing rules of the patients’ rights Law no. 46/2003 have been amended

According to the provisions of the Order, it was regulated the situation on the patient’s ...

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It was adopted the Law No. 120/2015 regarding the stimulation of individual investors – business angels

The companies, in which shares may be purchased, must meet the following conditions: to be ...

The homes purchased through the “First House” program can now be rented

Amongst the changes new introduced is found a new provision according to which the Ministry ...

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Changing of the Law on Unfair Competition and other acts in the field of competition

According to the amendments of the above mentioned Law, there were amended the fines for ...

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RIL: Removal of illegally parked cars cannot be regulated by a Local Council Decision

The decision was given, following a notification made by the Ombudsman, through the promotion of ...

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Days of May 31, 2015 and June 1, 2015 – statutory holidays. What rights do employees have in these days?

However, the Labor Code provides exceptions for certain categories of employees who do not benefit ...

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Order on approving the Procedure for the exercise of state control for market surveillance of construction products

State Construction Inspectorate is the authority for market surveillance for all products for construction, except ...

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A new decision on denomination of CHF ordered by the Targu – Jiu Court

The court admitted the claim, noted the unfairness of the contractual clauses inserted in the ...

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Taxation of the tip canceled by the Senate Budget Committee

  The Government Emergency Ordinance No. 8/2015 on amending and supplementing Government Emergency Ordinance No. ...

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Obtaining in court the cancellation of the fine from the IRS, also involves the recovering of the money

The exception of unconstitutionality refers to the provisions of pt. 8 (viii) of the section ...

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Tax amnesty law was approved by the Government

The tax obligations which will be canceled consist of: reconsideration/reappointment of an activity as dependent, ...

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Huge fines for parents who do not inform the authorities when their children perform artistic activities

The conditions of development of the activities provided by the children in cultural, artistic, sports, ...

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Draft Law by which a new category of vehicles is exempted from paying the environment stamp

In the draft law it is established that the vehicles used by units of the ...

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Draft Project of NBR on amending the Regulation on reporting of statistical data and information

The main amendments to Regulation No. 4/2014 are found in Title I Reporting of data ...

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It was approved the model and content of the personal cash register and its registration procedure with the Tax Authorities

Thus, in accordance with the provisions of the Order, the economic operator has the obligation ...

The Decision of HCCJ No. 6/2015 – registering the sanction of the warning in the criminal tax records

The referral to the High Court of Cassation and Justice has been made by the ...

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The Constitutional Court ruled that the employer cannot suspend the contract of the employee, in case of filleing against him a criminal complaint

Regarding this exception of unconstitutionality, the Constitutional Court decided on admission of it and found ...

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Order of the Minister of Health No. 372/2015 regarding the registration of medical devices

Thus, according to the provisions of the Order, at the date the medical devices are ...

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Community trademark, not only national protection, but also in the European community

The protection can only be obtained by registration, aspect that involves, first, submitting an application ...

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It was approved the Emergency Ordinance regarding the taxation of the tips

It is thus eliminated the possibility of erroneous interpretations of the origin of amounts received ...

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It was approved the procedure for establishing by default the taxes and contributions with self assessment or withholding regime

The department with responsibilities in the management of tax returns within the fiscal body competent ...

New rules issued by ANAF for recalculation of rental income

So, according to the provisions of the Ordinance, in case of termination, during the fiscal ...

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It was published the law for financial discipline on the operations of receipts and payments

The general provisions of the aforementioned law establish that the operations of receipts and payments ...

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The High Court of Cassation and Justice decided that the VAT deduction cannot be made if the invoice does not fulfill all of the form conditions

Thus, through the above-mentioned decision, the High Court of Cassation and Justice has determined that: ...

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The possibility of suspending the payment of the bank lending rates, until the closing of the judgment

After the date of registering such a claim, through a presidential ordinance it may be ...

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Project of ANCPI on amending the Regulation of registration procedure in the Land Book

The Regulation establishes the working procedures for registration with the Cadastre and Land Registry records ...

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News in foreclosure procedure of large and medium taxpayers

The said order modified the procedure for enforcement of large taxpayers, as follows: "For the ...

New conditions for cancellation of registration of a person for VAT purposes

c) if the associations / administrators of the taxpayer or the taxpayer itself had entered ...

According to the ECJ, national courts can rule on the unfairness of interest and commission risk of credit agreements

The preliminary question addressed to the Court had the following content: "Considering that, in accordance with ...

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Traders who fool consumers will be punished with huge fines since 03.14.2015

The new legal provisions considered punishable offenses and sanction the unfair practices, with the following ...

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There were approved the Rules for evaluating and approving advertising to medicinal products for human use

These rules regulate the activity of advertising of medicinal products for human use (whether it ...

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Bank details about the situation of taxpayers could be transmitted daily to the IRS

Thus, in accordance with Art. 61 of the Project, the credit institutions may be required ...

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Change of the program “First House”, those who own a house through this program can purchase a bigger one

According to the new provisions, program beneficiaries who own a house purchased or built within ...

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Non-issuance of the fiscal receipt shall be punished with suspension of activity and sealing of the commercial space

If the competent control authorities order the suspension of activity of the economic operator at ...

The transfer of shares of a company, possible only after a tax inspection

So, according to the new provisions, the transfer of 50% of shares in a company, ...

Starting with March 3’rd, the banks will be required to display the card transactions fees on the ATM screens

Order came into force and takes effect starting on 03.03.2015. According to the provisions of ...

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Companies may have a new unique identifying code. Law Project amending the laws on registration in the Trade Register

In accordance with the provisions of the respective Project, the National Trade Register Office as ...

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Procedure to manage and monitor the medium taxpayers

Thus, according to the Order, Tax authorities competent to manage medium taxpayers are county government ...

The Project of the Tax code could reduce the flat tax

Also, taxpayers engaged in night bars, nightclubs, discotheques, casinos or sports betting, including legal entities ...

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The risks of non-payment of social security contributions by employers

According to the said Order, it was approved the model, content, method of submission and ...

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Law project on consumer credit agreements secured by real estate

The Project is intended to create a complex and comprehensive legal framework regarding credit agreements ...

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Insolvency of individuals. Part III

By the moment the plan is confirmed by the insolvency Court, the debtor is obliged ...

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The patient feedback mechanism in public hospitals

In order to fulfill its intended purpose, the patient feedback mechanism includes the following measures: ...

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New law project on Tax Code modifications -the tax on buildings will be modified

This tax will be determined depending on the destination of the buildings - residential and ...

lawyer reading contract while partners discussing terms and conditions in background

What is ROBOR and EURIBOR indexes ?

Banks borrow one another to cover their liquidity needs of the moment or to sterilize ...

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The increase of the daily allowance that companies can grant without paying taxes or contributions

In accordance with the provisions of the Order, the amount of daily allowance for delegation ...

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Insolvency of individuals. Part II. Start of insolvency proceedings.

Insolvency court cannot refuse to start exclusive insolvency proceedings on the grounds that the debtor ...

Labor Code has been amended

The law amendment, introduced new articles on seniority, annual leave and salary o temporary employee, ...

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There were approved the methodological norms on how to use and complete the patient’s electronic health record

The main purpose of using electronic dossier is to increase the quality of care through ...

The deadline for changing the name of the companies expires on February 15, 2015.

This provision came into force on 15 February 2013, and the deadline to implement these ...

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What legislative solutions exist for the Swiss franc crisis?

This draft ordinance amending the Fiscal Code, respectively GEO no. 46/2014 on amending and supplementing ...

lawyer reading contract while partners discussing terms and conditions in background

Meal tickets may be granted to employees also in electronic format

According to the press release published on the website of the Ministry of Finance in ...

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Order establishing the criteria for conditioning the registration for VAT purposes

The taxable persons who apply for registration for VAT purposes, according to art. 153 para. ...

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Obligations of the Owners Associations. Failure to perform generates fines of up to 3,000 lei

The Meeting shall be convened by the president or the executive committee of the association. ...

The Swiss franc reached a historic value of 4.32 lei.

More and more customers are choosing the court actions to freeze the exchange rate at ...

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The economic operators are required to use electronic fiscal marking devices

The obligations imposed by this ordinance addresses to economic operators cashing in whole or in ...

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The sanctioning and finding procedure of unfair competition practices

The complaints must be submitted by the individuals or legal persons having a legitimate interest ...

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What do we need to know about signing a pre sale purchase agreement, according to the New Civil Code?

Thus, in the old regulation, namely the Law of cadastre and real estate advertising No. ...

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The criminal liability of physicians for bribery

So, the physician employed under a labor agreement in a hospital of the public health ...

The most important changes of the Fiscal Code starting with January 2015

Under the Project, the most important changes concern: income tax, VAT, excise duties and other ...

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What limit of exemption from VAT shall be applied to Companies in 2015?

According to the Decision, Romania was authorized to grant an exemption from payment of VAT ...

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January 24 will be declared a national day off. How many days off will be in 2015?

Currently the law is to be promulgated by the President of Romania and subsequently will ...

The Ministry of Finance will issue bonds for the population

According to the press release posted on the website of the Ministry of Public Finance: ...

Tax recovery for Romanian workers in Germany

Pavel & Associates provides legal assistance and advice on the full or partial recovery of ...

business people shaking hands, finishing up a meeting

Pavel & Associates represents Venus Residence

Pavel and Associates as legal representatives of Venus Stones SRL, developer of the residential project ...

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Judicial enforcement procedure of corporate users

Pavel & Associates suspended in court the judicial enforcement procedure of corporate users - working ...

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U.S. citizens contesting ownership of property

Pavel and Associates as representestative of U.S. citizens won a case in the court of ...

Romanian Law firm Pavel, Mărgărit &Associates places among the best law firms in Romania in Legal 500’s table rankings

Romanian Law firm Pavel, Mărgărit & Associates ranked top places in several raking tables published ...