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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
LEASE CONTRACTS: NEW REGISTRATION PRO...
A new registration procedure of private lease contracts with the tax authorities entered into force a few days ago, after the Order no. 114/2019 of the National Agency for Fiscal Administration concerning the lease contracts [...] Read more
28 February 2019
PERMANENT OFFICE OR SUBSIDIARY?
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, [...] Read more
28 February 2019
VAT REGISTRATION: NEW SIMPLIFIED PROC...
VAT registration procedure for companies has been simplified as of 1st of February 2019, at least in certain specific cases. According to the Order of the President of the National Agency for Fiscal Administration (ANAF) [...] Read more
28 February 2019
FINANCIAL STATEMENTS FOR 2018: APPROV...
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’ [...] Read more
31 January 2019
ASSOCIATION OR FOUNDATION: WHICH ONE ...
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 [...] Read more
30 January 2019
CHANGES IN TAX LAW IN 2019
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 [...] Read more
30 January 2019
INCOME TAX AND EMPLOYEE AND EMPLOYER ...
Please find below a summary of the income tax and social security contributions in 2019, which stay on the some level as in 2018 Read more
30 January 2019
LEGAL HOLIDAYS IN 2019
We are hereby sending you a summary of the legal holidays in 2019, in view of the provisions contained in the Romanian Labour Code. Read more
12 December 2018
THE BASIC MINIMUM GROSS SALARY IN 201...
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 [...] Read more
12 December 2018
How to close a limited liability comp...
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 [...] Read more
6 December 2018
State aid in Romania: new legal changes
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. Read more
6 December 2018
Staying and working in Romania: legal...
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 [...] Read more
6 December 2018
The right to a fair trial: change in ...
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 [...] Read more
6 December 2018
IN BUSINESS, THE MOST IMPORTANT THING...
We invite you to read an interview with Mrs. Dana Gruia Dufaut given for Nine O'Clock November edition. Read more
4 December 2018