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Updating nace codes
Articles, Corporate Commercial and M&A

Major changes for business activity codes in Romania

Updating nace codes becomes mandatory in Romania in 2025 The current NACE codes in Romania (classification of economic activities in Romania) nomenclature came into effect on January 1, 2025. This change requires economic entities to complete and submit a request for updating NACE codes in Romania (classification of economic activities in Romania), using the forms […]

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By : Jan 16, 2025 Comments Off on Major changes for business activity codes in Romania
open a limited company in Romania
Articles, Corporate Commercial and M&A

How can a corporate lawyer in Romania help you in the context of the new legislative amendments in the Romanian Company Law?

What kind of legal services can offer a business attorney for LLC in Romania? The business world has evolved significantly over time, with substantial year-over-year growth among entrepreneurs establishing companies. In order to open a limited company in Romania or to amend articles of association in Romania, certain administrative and legal formalities must be completed […]

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By : Dec 13, 2024 Comments Off on How can a corporate lawyer in Romania help you in the context of the new legislative amendments in the Romanian Company Law?
nace codes in Romania
Articles, Corporate Commercial and M&A

Important for Businesses – The NACE classification changes starting January 2025

Mandatory updates for those who own or wish to start a business in Romania in 2025 In the context of economic changes and alignment with European standards, the Government of Romania has adopted a resolution facilitating the update of NACE codes in Romania (classification of economic activities in Romania) by introducing the revised version, NACE […]

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By : Dec 4, 2024 Comments Off on Important for Businesses – The NACE classification changes starting January 2025
franchise agreement in Romania
Articles, Corporate Commercial and M&A

Franchise agreement in Romania

Franchise agreement in Romania A Romanian company has several ways to expand its business, the most well-known being the signing of a franchise agreement in Romania. Business expansion through the establishment of franchises is regulated by Ordinance no. 52/1997 regarding the legal regime of franchises, which sets the legal framework for their operation. This article […]

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By : Oct 23, 2024 Comments Off on Franchise agreement in Romania
spin-off of a Romanian company
Articles, Corporate Commercial and M&A

Spin-off of a Romanian company

Total spin-off and partial spin-off in Romania A Romanian company can undergo various changes in the course of its business activities. This article analyzes the procedure for company spin-off in Romania, the types of company spin-offs in Romania, and the conditions for the procedure of spin-off in Romania, as provided by the provisions of the […]

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By : Oct 2, 2024 Comments Off on Spin-off of a Romanian company
management contract in Romania
Articles, Corporate Commercial and M&A

Management contract in a Romanian company

What are the duties of an administrator in Romania? In a Romanian company, its activities are governed by the Romanian company law, specifically Law 31/1990, and are individualized in the articles of association. The articles of association is the primary instrument that establishes aspects related to the management of a Romanian company, its operation, the […]

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By : Sep 27, 2024 Comments Off on Management contract in a Romanian company
types of contracts
Articles, Corporate Commercial and M&A

What types of contracts does a company in Romania conclude?

What types of contracts does a company in Romania conclude? Depending on its activity, a company in Romania enters into various types of contracts, these being the instruments that guarantee the existence of a legal commercial relationship. It is important that in a commercial relationship, the parties are aware of their rights and obligations, as […]

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By : Sep 13, 2024 Comments Off on What types of contracts does a company in Romania conclude?
administrator liability in Romania
Articles, Corporate Commercial and M&A, Tax Law

Responsabilities of an administrator in Romania

Engaging administrator sole liability for tax obligations In a company in Romania, administrators perform key duties to ensure that the economic activity in Romania of the company in Romania operates efficiently and legally, bearing significant responsibility for managing the company in Romania. According to the provisions of the Companies Law No. 31/1990, administrators are liable […]

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By : Sep 6, 2024 Comments Off on Responsabilities of an administrator in Romania
BNR authorization
Articles, Tax Law

BNR authorization of an online payment processor in Romania

Companies mediating online payments must obtain BNR authorization Legal entities involved in online payment processing or online payment processors must obtain authorization from the National Bank of Romania or BNR, according to the new amendments to BNR Regulation No. 4/2019 concerning payment institutions and specialized providers of account information services. This measure is part of […]

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By : Sep 4, 2024 Comments Off on BNR authorization of an online payment processor in Romania
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