Opening a branch in Romania
Corporate lawyer in Romania. What means to set up a Romanian branch?
Among the options that a company has at its disposal when it wants to expand its economic operations and activity is the establishment of a branch in Romania or a subsidiary in Romania.
A branch in Romania is an entity without legal personality that does not have its own assets, being economically and legally dependent on a founding commercial company. In this context, a branch in Romania always acts on behalf of and in the interest of the commercial company to which it belongs and carries out its economic activity with the help of the necessary assets allocated by the parent company. Being a unit without legal personality, all the debts incurred by a branch in Romania in the course of its activity, as well as the income generated by it, are transferred to the patrimony of the commercial company.
A business lawyer in Romania can help you with drafting and submitting the necessary documentation to the Trade Register to ensure that the documents are complete and correct, so that the procedure to open a branch office in Romania can be completed as quickly and smoothly as possible.
According to the regulations contained in Law No. 31/1990 on companies, foreign companies have the possibility of establishing branch in Romania, subsidiaries, agencies, representative offices, or other secondary offices in compliance with Romanian law and as far as this is agreed upon by the law of their organic state.
The Romanian law firm Pavel Mărgărit and Associates provides legal assistance services starting from the company formation in Romania to the registration of a branch or other secondary offices, dissolution, liquidation, insolvency, and other operations subject to the provisions of Law No. 31/1990 on companies.
Business lawyer in Romania. Open a branch office in Romania
The formalities regarding establishing branch in Romania are similar to those for company formation in Romania. Thus, the branch must be registered with the Trade Register of the county where it will operate before starting economic activities. However, there is also the possibility for a commercial company to open a branch office in Romania in a locality within the same county or even in the same locality as the parent company, in which case the branch is registered in the same Trade Register, but as a separate registration.
At the time when investors in Romania request the registration to set up a Romanian branch, it is no longer necessary to reserve a name, since the name of the branch in Romania consists of the name of the commercial company, to which is added the name of the locality where the headquarters is located, followed by the word “branch.”
The Romanian law firm Pavel Mărgărit and Associates recommends consulting a business lawyer in Romania or a corporate lawyer in Romania to benefit from legal assistance in accordance with the specific regulations applicable to establishing branch in Romania in the desired region, informing you of all the implications and tax obligations that arise from setting up an entity without legal personality.
The Romanian Law Firm Pavel, Margarit and Associates provides legal advice and legal assistance services in corporate law, especially regarding assistance in opening a branch in Romania. A business lawyer in Romania can support you in establishing a branch in Romania, having great experience in commercial law. In order to benefit from our professional support and for lawyer for branch establishment in Romania advice, we invite you to fill in the contact form available on our website https://avocatpavel.com/contact/.
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Lawyer for branch establishment in Romania. Documents needed to set up a Romanian branch
To register the file for establishing branch in Romania with the Trade Register, the person authorized to represent a branch or a business lawyer in Romania must submit a series of documents such as the articles of association of the commercial company, the registration application, statements on their own responsibility from the persons authorized to represent the branch from which it results that they meet the legal conditions to hold this position, the resolution of the general meeting of shareholders, a lawyer’s power of attorney if the procedure of submitting the documents is carried out by a lawyer for branch establishment in Romania. It is important to note that for foreign commercial companies, all documents that are to be submitted to the Trade Register must be accompanied by certified translations.
A corporate lawyer in Romania from our team can provide you with legal consultation to establish all aspects related to the registration of a branch in Romania, determining the steps to be followed, what documents need to be submitted according to the needs of each company, and what obligations arise from this process.
Company formation in Romania offers attractive opportunities for investors in Romania, as establishing branches as a strategic step in their economic development, providing investors in Romania with a legal foothold to expand their operations.
The Romanian law firm Pavel Mărgărit and Associates provides legal services at a high professional standard in various practice areas, including those concerning the establishing branch in Romania. Our team demonstrates a complex understanding of the regulations regarding Law No. 31/1990 on companies, offering clear and effective legal solutions to all clients who have requested the services of a lawyer for branch establishment in Romania or a business lawyer in Romania.
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