Dissolution of a branch in Romania
Business lawyer in Romania. Dissolution of a branch in Romania
According to the provisions of Law No. 31/1990 on companies, a branch in Romania is an entity without legal personality that belongs to a parent company and is economically and legally subordinate to it.
The process of dissolution of a branch in Romania involves the termination of the activities carried out by a work unit that belongs to a parent company, following certain steps that culminate in its removal from the Trade Register.
Before the termination of a Romanian branch, the stage of liquidation must be followed. Once this stage is completed and the operation of removal from the Trade Register is performed, the existence of the branch as a separate work unit will cease.
Until the last stage of branch office dissolution is completed, specifically during the phase of liquidation of a branch in Romania, it can continue to conduct economic activities related to the completion of ongoing operations and the liquidation of its assets and liabilities, but with certain limitations.
The Romanian law firm Pavel Mărgărit and Associates recommends collaborating with a business lawyer in Romania or a lawyer for branch closure in Romania to manage and prepare the documentation required for the process of dissolution of a branch in Romania. The legal assistance provided by a corporate lawyer in Romania is a suitable option when dealing with the establishing branch in Romania or closing a branch, especially since this operation also involves settling tax obligations and filing declarations with specialized institutions. Collaborating with a business lawyer in Romania specialized from the beginning of the procedure can help save time and resources. The process of corporate branch dissolution in Romania requires careful documentation and compliance with legal procedures following the establishing branch in Romania regulations to ensure a smooth closure of the branch office in Romania.
Corporate lawyer in Romania. Documents needed for branch office dissolution
In the event that a commercial company decides to terminate the activities carried out by a branch office in Romania, it must consider that a series of documents need to be submitted to the Trade Register.
In this regard, the first requirement is the decision of the general assembly of the associates regarding the closure of a branch. Depending on the legal form of the commercial company and the provisions contained in the articles of incorporation, this may also involve a decision of the general assembly of shareholders that stipulates the dissolution of a branch in Romania.
To complete the series of documents required for branch office dissolution, the following are necessary: the certificate of registration of the branch, the application for registration of the termination of a Romanian branch consisting of a standardized form obtained from the Trade Register, the articles of incorporation of the company, and, if applicable, proof of the authorizations or approvals issued by the competent authorities as a prerequisite for removal from the Trade Register, when the issuance of such documents is provided for by law, proof of compliance with the conditions set forth by special laws, and evidence regarding the authorization of the person designated to carry out the legal formalities.
All procedures regarding the process of dissolution of a branch in Romania can be completed through the assistance of a business lawyer in Romania or a corporate lawyer in Romania, who can support you in drafting the application for registration of the branch closure, drafting the decision of the general assembly of associates, as well as submission and representation before the Trade Register. The corporate branch dissolution in Romania involves a series of legal steps that must be followed to successfully close a branch office in Romania while ensuring compliance with all regulatory requirements. The Romanian law firm Pavel Mărgărit and Associates recommends consulting a lawyer for branch closure in Romania from the establishment of branches to ensure compliance with all legal provisions contained in Law No. 31/1990 on companies, ensuring the proper conduct of activities by an entity without legal personality.
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Lawyer for branch closure in Romania. Registration of entries in the Trade Register
After the documents are verified by the Trade Register, and if they are complete, the dissolution of a branch in Romania will be ordered. Once this operation is completed, the termination of a Romanian branch will also require the fiscal closure of the branch with ANAF by submitting documents requesting the removal of the branch from the fiscal records, as well as the cessation of tax obligations. The Romanian law firm Pavel Mărgărit and Associates offers legal services at a high professional standard in various areas of practice, including those concerning the process of branch office dissolution in Romania or establishing branch in Romania. Our team demonstrates a comprehensive understanding of the regulations regarding Law No. 31/1990 on companies and corporate branch dissolution in Romania, providing clear and effective legal solutions to all clients who have sought the services of a business lawyer in Romania or a corporate lawyer in Romania.
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