Category: Articles

What you need to know regarding Real Beneficiary Statement for Companies in Romania

Starting with April 30, 2021, the obligation to submit the Real Beneficiary Statement for the limited liability companies in Romania was reintroduced, and the term was extended until October 1, 2021. Even though Law 108/2020 provided that certain types of entities were exempted from submitting the Real Beneficiary Statement in Romania, it is good to […]

Creating an account

Could opening an account on a social network using other people’s names lead to criminal charges?

In the context of technological development and the appearance of various social networks that are expanding and monopolizing our lives, the criminal phenomena has also increased accordingly to the development and improvement of various methods that are materialized in computer crimes in Romania. Pavel, Margarit and Associates Romanian Law Firm recommends addressing to a lawyer […]

avoid registration in the Central Credit Register

How can you avoid registration in the Central Credit Register in order to access new loans?

The procedure for deregistration of data from the central credit register is a novelty from the perspective that it may be forbidden to register in the Central Credit Register or in other negative databases of the debtor. A lawyer specializing in banking, finance and capital markets law is empowered to send a notice to the […]

purchase of a property in romania

How to buy a property in Romania?

The purchase of a property in Romania, such as an apartment or house, industrial hall, building offices can be made by Romanian citizens, EU member states citizens, as well as foreign citizens. With regard to the right of ownership of land, especially agricultural land in Romania, the law provides certain special provisions regarding their purchase […]

Appeal against the tax administrative document

Appeal against the tax administrative document

Any person who faces a tax decision issued by an authority within the National Agency for Fiscal Administration (ANAF) has the right to challenge it, as provided in the tax legislation. Pavel, Margarit and Associates recommends a lawyer specialized in tax law and tax dispute and litigation may proceed to take all steps to file […]

Recovery of the constructor’s debts

Recovery of the constructor’s debts: How to register the legal mortgage (statuatory lien) of the constructor in the land book

Recovery of the constructor’s debts: register the legal mortgage in the land book Construction companies can recover the value of construction works in Romania carried out and unpaid by the developer by initiating legal proceedings against the beneficiary. The law firm Pavel, Margarit and Associates recommends the registration of the legal mortgage of the constructor […]

Incorporating a Company in Romania

Incorporating a company in Romania – simpler rules for the share capital

Incorporating a limited liability company in Romania has become simpler. In Romania there isn’t a minimum share capital requested when incorporating a limited liability company and for the payment of the share capital of a limited liability company. The law firm Pavel, Margarit & Associates Romanian Law Firm, found out after a verification in Trade […]

PMA Leading Firm 2021

Pavel, Margarit & Associates Romanian Law Firm was ranked in 2021 among the top law firms in Romania by the international legal guide Legal 500

The international legal guide Legal 500 has recently published the rankings of the best law firms in Europe, the Middle East and Africa (EMEA). Pavel, Margarit & Associates Romanian Law Firm is present, for the fifth consecutive year, in the top law firms in Romania, in the edition of one of the most representative London-based […]

Doing Business: Advantages of Incorporating a Company in Romania

With taxes ranging from 1% to 16%, a differentiated VAT depending on the type and field of activity, an accessible incorporation process of a company in Romania, as well as the possibility to access qualified labor force, among others, foreign investors have put Romania on the map of business hubs in Europe. In this context, […]

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 no.31/1990 was promulgated, bringing a series of legislative simplifications regarding the activity of Romanian companies, and it entered into force starting on July 5, 2020. If, up until now, according to Law 31/1990, the process of establishing the registered office […]