company formation in Romania Archives - Pavel, Margarit and Associates

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, Corporate Commercial and M&A

How to set up a company in 2025: A Step‑by‑Step Guide for Entrepreneurs

The process of company formation in Romania represents the essential first step for any entrepreneur who wishes to start a business in Romania. Choosing the correct form to set up a company in Romania, whether to set up a company as an LLC or as a ANP, plays a key role in determining administrative management, […]

By : Aug 28, 2025 Comments Off

impact of postponing the recodification of the object of activity in Romania

Articles, Corporate Commercial and M&A

Lawyer Analysis. Consequences of postponing updating the NACE codes: Restriction on the registration of any other changes with the Trade Register

The new NACE Rev. 3 version effective in 2025: What does your business need to do? The year 2025 began with a significant change for a Romanian company, namely the implementation of the updated version of the classification of economic activities in Romania (NACE Rev. 3). The purpose of this change is to align with […]

By : Apr 2, 2025 Comments Off

Articles, Corporate Commercial and M&A

Business lawyer in Romania. Comparison Between the Old NACE Code and the New Mandatory NACE Code for 2025

Corporate lawyer in Romania. New Business Opportunities for 2025 The year 2025 brings significant changes for Romanian companies, specifically regarding the updating the NACE codes in Romania. This modification aims to support entrepreneurs, as the process of applying the new legislative changes has been simplified. The NACE codes in Romania have been updated to align […]

By : Jan 28, 2025 Comments Off

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 […]

By : Jan 16, 2025 Comments Off

Articles, Tax Law

Tax updates in 2025 for Romanian companies

How the new tax updates will affect businesses in 2025? A series of tax updates in Romania came into effect in 2025 through Emergency Ordinance no. 156/2024, primarily targeting every Romanian company in their dealings with the tax authority in Romania. These measures aim to support the business environment and the economy in contemporary society. […]

By : Jan 15, 2025 Comments Off

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 […]

By : Dec 4, 2024 Comments Off

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Tag: company formation in Romania

How to set up a company in 2025: A Step‑by‑Step Guide for Entrepreneurs

Lawyer Analysis. Consequences of postponing updating the NACE codes: Restriction on the registration of any other changes with the Trade Register

Business lawyer in Romania. Comparison Between the Old NACE Code and the New Mandatory NACE Code for 2025

Major changes for business activity codes in Romania

Tax updates in 2025 for Romanian companies

Important for Businesses – The NACE classification changes starting January 2025

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