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How to Establish and Incorporate a Limited Liability Company in Romania Using a Corporate Lawyer in Bucharest

articles of associationWhat seems to be relevant in the present article is the current legislation in Romania which allows any private or corporate entities to incorporate a limited liability company in Romania. In this regard, the article proposes to give an overview of the legal steps in order to incorporate a limited liability company in […]

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By : Jun 13, 2017 No Comment
laptop lawyer property law
Articles, Corporate Commercial and M&A

There were established two new types of legal entities, non-existent so far in Romania

The social economy contributes to the development of local communities, creating jobs, involvement of persons belonging to vulnerable groups stipulated by this law, in social activities and / or economic activities, facilitating their access to community resources and services. By this law there were established two new types of legal entities, respectively social enterprises and […]

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By : Jun 11, 2017 No Comment
laptop lawyer property law
Articles, Corporate Commercial and M&A

The Romanian Trade Register interconnected at the system of EU Trade Register. Companies will have a new Sole Identification Code

The interconnection of Trade Registers system will be set up by registries in all EU Member States and European central platform. It will become operational on 17 July 2017 but up to this date, Member States and the European Commission will undertake legislative and administrative steps necessary for the system to be operational within the […]

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By : Jun 11, 2017 No Comment
laptop lawyer property law
Articles, Real Estate and Construction

DECISION No. 195 of 31 March 2015 on the unconstitutionality of the provisions of art. 29 paragraph 1 d) second theses of the Law of cadastre and real estate No. 7/1996

The author of the exception argues that the provisions under criticism contravene to the constitutional provisions of art. 44 – Right to private property, art. 53 – Restriction of certain rights or freedoms and art. 148 – Integration into the European Union and the Treaty on legal assistance in civil, family and criminal law concluded […]

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By : Jun 11, 2017 No Comment
laptop lawyer property law
Articles, Banking and Capital Markets

Order No. 161/2015 on amending and supplementing the Procedure for communication by electronic means between the National Agency for Fiscal Administration and individuals

According to the above – mentioned Order the actions assured and permitted by the service “Virtual private space” are: a)     change of the user’s identification data and changing of the means of informing him; b)    the communication of the tax administrative documents, applications and other documents and information; c)     download of documents; d)    waiver to […]

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By : Jun 11, 2017 No Comment
laptop lawyer property law
Articles, Banking and Capital Markets

Draft Project of NBR on amending the Regulation on reporting of statistical data and information

The main amendments to Regulation No. 4/2014 are found in Title I Reporting of data and information on monetary and financial statistics, balance of payments, the Romanian foreign private debt in the medium and long term, as well as programs and securities holdings and in Title III Reporting of data and information in order to […]

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By : Jun 11, 2017 No Comment
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Articles, Banking and Capital Markets

CJEU: The Romanian State cannot exempt from the tax vehicles already registered and in respect of which a tax previously in force but found to be incompatible with EU law has been paid

The dispute in Romania was founded on the complaint introduced by Mr. Manea, who requested the registration in Romania of a used vehicle which he bought in Spain. This vehicle belongs to category M1 vehicles and was registered as a new car in Spain in 2005. The Romanian competent authority conditioned the registration with payment […]

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By : Jun 11, 2017 No Comment
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Articles, Banking and Capital Markets

It was approved the procedure for establishing by default the taxes and contributions with self assessment or withholding regime

The department with responsibilities in the management of tax returns within the fiscal body competent in managing the taxpayer is entitled to set by default the taxes and contributions of self-taxation regime or withholding for the tax obligations contained in the vector for tax purposes. Setting the obligation of payment is made for each tax, […]

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By : Jun 11, 2017 No Comment
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Articles, Banking and Capital Markets

The High Court of Cassation and Justice decided that the VAT deduction cannot be made if the invoice does not fulfill all of the form conditions

Thus, through the above-mentioned decision, the High Court of Cassation and Justice has determined that: “The VAT cannot be deducted, nor can the tax base required in determining the income tax cannot be diminished, in case the supporting documents presented do not contain or provide all the information provided by the legal provisions in force, […]

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By : Jun 11, 2017 No Comment