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Complete guide: entity types, registration, costs, taxes, labor laws, and break-even analysis
~22 days
Setup Time
~$260
Setup Cost
16%
Corporate Tax
100%
Foreign Ownership
#55
Ease of Business
| Entity | Min Capital | Foreign % | Liability | Min Shareholders | Best For |
|---|---|---|---|---|---|
Limited Liability Company Societate cu Raspundere Limitata (SRL) | 1 RON | 100% | Limited | 1 | Most popular entity for both locals and foreign investors - minimal capital requirement and simple formation process |
Joint Stock Company Societate pe Actiuni (SA) | 90,000 RON | 100% | Limited | 2 | Larger businesses planning public offerings or requiring significant equity investment. Required for banking and insurance. |
Branch of Foreign Company Sucursala | None | 100% | Unlimited | 0 | Foreign companies wanting to operate directly in Romania without forming a separate Romanian entity |
Sole Proprietorship Persoana Fizica Autorizata (PFA) | None | 100% | Unlimited | 1 | Freelancers and independent contractors - simplified accounting and lower compliance burden |
Reserve company name at ONRC
Submit name availability check and reservation request through the National Trade Register Office (ONRC)
1-2 days
~$10
ONRC (National Trade Register Office)
Prepare articles of association
Draft the constitutive act (statut) specifying shareholders, share capital, registered office, and company activities (CAEN codes)
1-3 days
~$200
Notary Public / Legal Advisor
Deposit share capital in bank
Open a temporary bank account and deposit the minimum share capital (RON 1 for SRL). Obtain bank deposit certificate.
1-2 days
Free
Commercial Bank
Register at the Trade Register (ONRC)
Submit all formation documents including articles of association, ID copies, fiscal registration form, and registered office proof
3-5 days
~$50
ONRC
Obtain fiscal registration certificate
Receive the Certificat de Inregistrare containing the CUI (unique identification code) and VAT registration if applicable
1-3 days
Free
ANAF (National Agency for Fiscal Administration)
Register for social contributions
Register the company with ANAF for employer social security and health insurance contributions
1-2 days
Free
ANAF
Open permanent corporate bank account
Convert temporary account to permanent corporate account with all registration documents
2-5 days
Free
Commercial Bank
$700/mo
Minimum Wage
$1500/mo
Average Wage
40 hrs/week
Work Hours
20 days/year
Paid Leave
0 weeks/year
Severance
2.25% of salary
Employer Social Security
35% of salary
Employee Social Security
Required
Foreign Worker Permit
Foreign Worker Quota: EU/EEA citizens do not need work permits. Non-EU workers require a work authorization from the General Inspectorate for Immigration.
Work Permit Process: Employer applies for work authorization through the General Inspectorate for Immigration. Employee then applies for a long-stay visa (Type D) at the Romanian embassy. EU/EEA citizens are exempt.
#55/190
Ease of Business Rank
12 days
Starting a Business
16 days
Registering Property
512 days
Enforcing Contracts
46/100
Corruption Perception
88%
Internet Penetration
RON
Currency
UTC+2
Time Zone
11
Retail (months)
10
F&B (months)
8
Tech (months)
14
Manufacturing (months)
7
Services (months)