• PERMANENT OFFICE OR SUBSIDIARY?

    PERMANENT OFFICE OR SUBSIDIARY?

    28.02.2019

    Are you considering launching your activity on the international market, developing a new activity or rather opening a new production site? If you haven’t decided to establish a company incorporated under the Romanian law yet, you can choose from two legally and fiscally different structures, namely between a permanent office and a subsidiary. Choosing one of these structures depends on mother company’s strategy in the medium and long term.
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  • FINANCIAL STATEMENTS FOR 2018: APPROVAL AND FILING

    FINANCIAL STATEMENTS FOR 2018: APPROVAL AND FILING

    31.01.2019

    (Français) At the beginning of each year, companies draft their accounts for the previous financial year. Is there any profit to distribute, reinvest or losses to cover? In order to gave an overall pictures, the companies’ accountants must draft the financial accounts, which must then be approved by the shareholders and filed with the Tax Authority, within certain deadlines, stipulated by the laws in force.
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  • CHANGES IN TAX LAW IN 2019

    CHANGES IN TAX LAW IN 2019

    30.01.2019

    (Français) 2019 starts with several important changes in tax law, such as the increase of basic minimum gross salary, the implementation of the tax on financial assets for banks, the increase of cash contributions due by the electricity operators and for the electronic communications sector. New modifications are made concerning the regime of private pensions plan or the reverse taxation in VAT area.
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  • ASSOCIATION OR FOUNDATION: WHICH ONE TO CHOOSE?

    ASSOCIATION OR FOUNDATION: WHICH ONE TO CHOOSE?

    30.01.2019

    (Français) You wish to start a charity, cultural, educational project or one in the interest of a community? Well, the choice of the legal structure is important for your project too. If you already decided that the creation of a company is not suitable for your project, then you can choose between the creation of an association or a foundation.
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  • INCOME TAX AND EMPLOYEE AND EMPLOYER SOCIAL CONTRIBUTIONS

    INCOME TAX AND EMPLOYEE AND EMPLOYER SOCIAL CONTRIBUTIONS

    30.01.2019

    (Français) Please find below a summary of the income tax and social security contributions in 2019, which stay on the some level as in 2018.
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  • The basic minimum gross salary in 2019: introduction of the differential minimum gross salary

    The basic minimum gross salary in 2019: introduction of the differential minimum gross salary

    12.12.2018

    In order to introduce the differential basic minimum gross salary, the Labor Code has just been amended by introducing the concept of “differential basic minimum gross salary”, which makes it possible to separate the employees according the positions they hold (requiring or not higher education) and according to seniority criteria.
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  • Legal Holidays in 2019

    Legal Holidays in 2019

    12.12.2018

    We are hereby sending you a summary of the legal holidays in 2019, in view of the provisions contained in the Romanian Labour Code.
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  • How to close a limited liability company: main stages

    How to close a limited liability company: main stages

    06.12.2018

    Regardless of the reasons why you want to close the company, we consider it useful to present the essential elements of the simplified procedure for the winding-up and liquidation of a company pursuant to Romanian law and to draw your attention to some aspects that we consider important.
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  • The right to a fair trial: change in the European Court of Human Rights case law

    The right to a fair trial: change in the European Court of Human Rights case law

    06.12.2018

    In light of recent case law of the European Court of Human Rights (ECHR), complaints submitted by Romanian natural and legal persons (after 22 March 2015) concerning the violation of the right to a fair trial through the excessive length of judicial proceedings will be rejected as inadmissible if the plaintiff fails to prove that he/she has brought tort proceedings against the Romanian State (prior to addressing the ECHR) in order to claim damages for the excessive length of a trial.
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  • Staying and working in Romania: legal changes

    Staying and working in Romania: legal changes

    06.12.2018

    Romanian legislation governing residence and work of foreign citizens in Romania has been amended by Law no. 247/2018, by the introduction of new categories of foreign citizens who can perform activities in Romania. This law also brings important changes to the remuneration of foreign citizens in Romania
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  • State aid in Romania: new legal changes

    State aid in Romania: new legal changes

    06.12.2018

    Further amendments to the State aid scheme have recently been introduced by Government Decision no. 880 dated 9 November 2018, following the publication of the regulation in the Official Journal no. 954 as from 12.11.2018.
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  • GDPR: INVESTIGATION PROCEDURE

    GDPR: INVESTIGATION PROCEDURE

    06.11.2018

    ANSPDCP is authorized to start surveillance and legality monitoring investigations either ex officio or as a result of a prior complaint made by any concerned persons against a data controller.
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