News
Gabriela POPESCU
TRADE REGISTER: EASED COMPANY INCORPO...
As part of the digitization process of public services, new regulations on the formalities for incorporation of companies to the Trade Register were enacted under the Law n° 265 of July 22, 2022, published in [...] Read more
9 September 2022
NEW FILING DEADLINE FOR THE ANNUAL ST...
The deadline for filing the annual statement on the identification of the beneficial owner has been extended until October 1, 2021 pursuant to the GEO no. 43 of May 27, 2021, published in the Official [...] Read more
3 June 2021
ONLINE PAYABLE ACCESS TO THE REGISTER...
As of February 14, 2021, natural and legal persons may inquire the Register of the Beneficial Owners held by the National Trade Registry (ONRC), without the obligation to prove a legitimate interest in this regard, [...] Read more
8 January 2021
THE BENEFICIAL OWNER: NEW FILING DEAD...
Associations and foundations, as well as legal persons registered with the Trade Register have a new 90-day time lapse since the end of the state of alert in Romania to declare the beneficial owner to [...] Read more
2 December 2020
COMPANIES LAW: NEW LEGAL PROVISIONS
The law n ° 223/2020 aimed at simplifying and smoothing the transfer of shares and the payment of share capital, published in the Official Journal n ° 1018 of November 2, 2020, entered into force [...] Read more
25 November 2020
ULTIMATE BENEFICIAL OWNER: NEW AMENDM...
Government Emergency Ordinance No. 111/2020 on amending and supplementing Law No. 129/2019, is the result of intense debates between legal professionals and recipients of Law No. 129/2019 on the prevention and combating of money laundering [...] Read more
24 July 2020
BENEFICIAL OWNER: RELIEF ON DECLARATI...
The Law no. 129 from July 11, 2019 on the prevention and fight against money laundering and terrorist financing was subject to some important alteration aiming at easing excessive bureaucracy implemented at fist. Read more
9 July 2020
COMPANIES: SIMPLIFICATION OF FORMALITIES
Companies’ law no. 31/1990 has been substantially amended at the beginning of this July which resulted in more flexible proceedings of incorporation of companies. Read more
8 July 2020
IMM INVEST ROMANIA: LIGHTER ACCESS CO...
The GEO no 89/2020 published in the Official Gazette no. 458 of May 29, 2020 comes with a new legislative framework aimed at simplifying and easing access to financing for SMEs under the program IMM [...] Read more
5 June 2020
CORPORATE LAW: REMOTE ASSEMBLING
Covid times proved challenging for companies seeking to physically gather stakeholders / shareholders for holding annual Meetings and thus observe their legal obligations. When it comes to remote assembling, not all companies had this provided [...] Read more
18 May 2020
ESTABLISHING A REPRESENTATIVE OFFICE
Foreign companies wanting to deploy their activities on the territory of Romania may choose either to create a local entity, i.e. a branch office or a subsidiary, or to open a Representative Office having no [...] Read more
28 February 2019
STATE AID FOR THE DEVELOPMENT OF INNO...
The purpose of the scheme is also to facilitate collaboration between specialized IT&C companies and clusters, so as to ensure quick and easy access to the implementation of results from research and development activities, in [...] Read more
6 November 2018
TAXATION OF REPRESENTATIVE OFFICES: N...
New legal provisions regarding the taxation of representative offices of foreign companies in Romania ("ROs") will enter into force on 1 January 2018. These new provisions are set forth by Government Ordinance no. 25 as [...] Read more
28 September 2017
MINIMIS AIDS AIMING AT INCREASING ENE...
A new minimis aids scheme, aiming at increasing the energy efficiency of companies active in the industry sector has entered into force on 26 April 2017, further to the publication in Official Journal no. 298 [...] Read more
8 June 2017
NEW MINIMIS AID SCHEME FOR SMES
The difficult access of small and medium-sized enterprises (“SMEs”) to financing in Romania is the greatest concern for entrepreneurs and largely accounts for their low impact on the country's economy. In view of this funding [...] Read more
19 April 2017