The end of 2022 brought substantial changes by means of Law no. 265/2022 regarding the Romanian Trade Register and for amending and supplementing other normative acts with an impact on the registration in the Trade Register in Romania. Among the amendments that you shall need to pay attention to when you register a company in Romania is the removal of the requirement for full payment of the share capital contribution of a limited liability company in Romania, the existence of a single standard affidavit regarding the fulfillment of the necessary formalities for the registration in the Trade Register in Romania and the removal of the requirement for the submission of the signature sample. The Romanian Law firm Pavel, Margarit and Associates recommends contacting a specialized lawyer in commercial law and registration in the Romanian Trade Register who can guide you in the procedure of company incorporation in Romania, preparing and submitting the necessary documents to the competent Trade Register in Romania.
According to the new amendments of Law no. 265/2022, 30% of the subscribed share capital shall be paid by the shareholders of the limited liability companies in Romania (LLC) no later than 3 months from the date on which the registration of a company in Romania shall be made and before carrying out any operations on behalf of the limited liability company in Romania (LLC).
The rest of subscribed share capital shall be paid up, for the cash contribution, within 12 months since the date of the company registration in Romania and for the contribution in kind, within 2 years since the date of the company incorporation in Romania.
The Romanian Law firm Pavel, Margarit and Associates is recognized for top-notch legal services, assisting numerous clients in the commercial and corporate law matters, such as the registration of a company in Romania and carrying out any other corporate registrations with the Trade Register in Romania.
Another amendment brought by Law no. 265/2022 consists in the obligation to submit a single standard affidavit regarding the fulfillment of the necessary formalities for the legal registration in the Trade Register in Romania. Also, all registration formalities can be carried out electronically through the online portal of the Romanian National Trade Register Office.
Moreover, the removal of the signature sample is an important aspect in the context of the latest amendments, taking into account that the reasoning for entering into force of the law is simplifying the procedure for the registration in the Trade Register in Romania.
The Romanian Law firm Pavel, Margarit and Associates recommends contacting a specialized lawyer in commercial law and registration in the Romanian Trade Register who can guide you with the procedure of company incorporation in Romania, provide consultancy in regards to corporate matters, as well as carrying out any corporate registrations with the competent Trade Register in Romania.
The Romanian Law Firm Pavel, Margarit and Associates is recognized for top-notch legal services, assisting numerous clients in the construction of solar parks, drafting the sales and purchase agreements to buy the shares of a company that has all the necessary permits to connect to the Romanian national grid of photovoltaic parks in Romania. A specialized lawyer in energy, renewable resources, construction of photovoltaic parks, solar power, solar projects, solar power plants, solar energy parks, solar energy and construction in Romania can guide you in the procedure of obtaining the building permit for photovoltaic parks in Romania, carry out a Due Diligence report for the land to build the photovoltaic project, provide legal assistance in regards to the procedure for the development of green energy projects in Romania or in any energy law project in Romania.
According to the amendments made by Law no. 265/2022, shareholders of limited liability companies (LLCs) in Romania are now required to pay 30% of the subscribed share capital within three months from the date of company registration. This initial payment must be made before carrying out any operations on behalf of the LLC. The remaining portion of the subscribed share capital, both for cash contributions and contributions in kind, must be paid within 12 months and 2 years respectively from the date of company registration in Romania.
Law no. 265/2022 introduced the requirement to submit a single standard affidavit regarding the fulfillment of the necessary formalities for legal registration in the Romanian Trade Register. Additionally, all registration formalities can now be carried out electronically through the online portal of the Romanian National Trade Register Office. These changes aim to simplify and streamline the registration process in the Trade Register in Romania.
The removal of the signature sample requirement is an important aspect of the recent amendments to the law. This change is part of the effort to simplify the registration procedure in the Trade Register in Romania. It eliminates the need for shareholders or representatives of companies to provide and submit their signature samples during the registration process. This streamlines the procedure and reduces administrative burdens.