business attorney Archives - Pavel, Margarit and Associates

Fiscal package 2: Extended liability for company administrators in Romania

New limits of responsibility for administrators and shareholders in Romania – What risks arise in 2025 Fiscal Package 2 aims to reduce the phenomenon of company decapitalization in Romania and to further hold administrators accountable. Stricter liability is introduced for situations in which the company grants loans or distributes interim dividends without proper regularization. In […]

By : Sep 19, 2025 Comments Off

Articles, Corporate Commercial and M&A, Tax Law

Companies Facing New Tax Rules: What Entrepreneurs Need to Know About Share Capital, Bank Account and Declaring Inactivity

The new tax regulations are expected to significantly change the way entrepreneurs approach the procedures of company formation in Romania, whether we speak about an SRL incorporation, a PFA incorporation or, more broadly, any procedure to set up a company. The capital market in Romania offers growing opportunities for investors, and understanding its mechanisms is […]

By : Sep 15, 2025 Comments Off

Articles, Corporate Commercial and M&A, Tax Law

Package 2 Fiscal Measures in Romania: Extended Tax Record for Romanian companies and their administrators

Newly established companies in Romania and existing companies in Romania: New rules for tax record registration and administrator liability One of the major changes introduced by Fiscal Package 2 is the extension of the tax record for legal entities and natural persons. According to Government Ordinance no. 39/2015, this fiscal record now includes several categories […]

By : Sep 12, 2025 Comments Off

Articles, Corporate Commercial and M&A, Tax Law

Package 2 Fiscal Measures in Romania: Restrictions on Share Transfer for Romania Companies with Debts

Liability of Administrators in Romania and Limitations on Share Transfer in Romania Companies with Fiscal Obligations Currently, the transfer of share capital held by a shareholder controlling a Romanian company (SRL) can be carried out regardless of whether the company has outstanding tax obligations to the state budget. Shareholders may sell or transfer shares without […]

By : Sep 10, 2025 Comments Off

Articles, Insolvency, Restructuring and Bankruptcy

Romanian Fiscal Package 2: The Obligation for Romanian Companies to have a Bank Account Becomes Mandatory in Romania

Romanian Fiscal Package 2: The Obligation for Romanian Companies to have a Bank Account Becomes Mandatory in Romania Romanian legislation introduces the obligation that any company formation in Romania must be accompanied by the opening of a bank account. This measure is part of Fiscal Package 2 and aims to prevent situations of inactivity. Through […]

By : Sep 5, 2025 Comments Off

Articles, Corporate Commercial and M&A

Fiscal measures package 2: New cases when companies can be declared inactive in Romania

Major risks for companies: lack of a bank account or failure to increase share capital lead to tax inactivity in Romania Fiscal Measures Package 2 has introduced new situations in which a company can be declared inactivity. According to the Fiscal Procedure Code and the adopted amendments, the lack of an active bank account, failure […]

By : Sep 4, 2025 Comments Off

Articles, Banking and Capital Markets, Corporate Commercial and M&A

Obligation for Companies in Romania: Share Capital Increase in 3 stages and the Risk of tax inactivity declaration in Romania

Corporate lawyer in Romania: New capitalization rules and tax inactivity conditions under the Second Package of Measures in Romania Recent legislative amendments bring major changes for any active commercial entity and those in the process of establishing an LLC (limited liability company) in Romania. Key modifications include the progressive increase of share capital, the mandatory […]

By : Aug 29, 2025 Comments Off

Articles, Corporate Commercial and M&A

Ministry of Finance Redrafts Company Law in Romania: Minimum Share Capital Raised to 8,000 RON and Share Transfers in Romania

New Rules for incorporating a company in Romania: Higher Share Capital, Mandatory Bank Accounts and Cash Payment Restrictions Recent amendments impose a significant transformation of the conditions for any company in Romania. The main changes include the increase of share capital, the mandatory possession of a bank account, as well as strict procedures for opening […]

By : Aug 22, 2025 Comments Off

Articles, Corporate Commercial and M&A

Reduction of the tax for microenterprises – legal solutions for entrepreneurs at company incorporation or for existing businesses

Essential legal assistance for an efficient transition to the microenterprise tax regime Starting with 2025, the fiscal regime applicable to microenterprise has undergone significant changes, marking a reduction in the tax level for microenterprise, a measure that can bring benefits to entrepreneurs, especially those who are starting their journey or looking to optimize the structure […]

By : Jun 24, 2025 Comments Off

Articles, Corporate Commercial and M&A

Institutional Transition, Legal Response: What Companies Can Do Amid a Changing Legislative Climate

Essential Legal Strategies for Companies in Periods of Legislative Instability During periods of institutional transition, companies face an increasing need for legal adaptation, especially in the context of legislative changes. In this framework, collaboration with a business lawyer, a commercial lawyer, or a corporate lawyer becomes essential to navigate legal challenges and prevent the emergence […]

By : Jun 4, 2025 Comments Off

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Reduction of the tax for microenterprises – legal solutions for entrepreneurs at company incorporation or for existing businesses

Institutional Transition, Legal Response: What Companies Can Do Amid a Changing Legislative Climate

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