So, you are finally there, setting up your business in Romania! You have done your homework. The market research and all the background work brought you to a happy conclusion: you are going to expand your activities to Romania, and one of your options is to set up a company there. The news that foreign direct investment in Romania grew by 61% during the first eight months of 2015 gives you a real boost to get on with your plans. Here are the things you should pay attention to before plunging into this process.

You might have heard stories about bureaucracy, long delays and so on. Well, they are not just stories unless you prepare your steps carefully. As an example, if your papers are not in order they might be rejected and you will have to wait for a new appointment before going on with the process. Doesn’t it happen in the UK and elsewhere too?

Ideally you can register the business on your own but if you do not have the time and the knowledge to draft the necessary papers you have other options like hiring a company specialised in setting up companies or a commercial lawyer. We have our own team in Bucharest, Iulia and Cozmina, ready to help you set up there fast and not waste time and money.  This way you can focus on other important aspects of your project in Romania.

The time and cost involved in setting up your business in Romania are two further factors you have to consider carefully.

As concerning the time, your company should be registered within 3 working days from submitting the file to the competent Trade Registry Office.  Delays and rejection as well as some extra costs could appear if your papers are not in order.

The cost varies, according to the route you take. It depends on the chosen form of company, the complexity of the establishment documents and the number of associates. To find out more about setting up a business in Romania watch out for our next post.

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