On 8 July 2024, Romania published and adopted Law no. 214/2024 on electronic signature and trust. The Law, which will enter into force on 8 October 2024, aims to create a clear and predictable legal framework for the use and… Read moreRomania passes law expanding use of electronic signatures
The Romanian Parliament has passed Law No. 265/2022 on the Trade Registry, and which amends and supplements other legal instruments applicable to Trade Register registration. Entering into force on 26 November 2022, this law will also bring the following main… Read moreRomania changes Romanian Companies Law on dissolution and liquidation procedures
Law No. 265/2022 regarding the Trade Registry and amending and supplementing other legal instruments applicable to the registration with the Trade Registry that will enter into force on 26 November 2022 will also bring the following key changes to Law… Read moreRomania passes changes to Romanian Companies Law
On 26 July 2022, Law No. 265/2022 regarding the Trade Registry and amending and supplementing other legal instruments applicable to the registration with the Trade Registry (“Law no. 265/2022”) was published in the Official Gazette no. 750/2022. Law no. 265/2022… Read moreRomania passes law on Trade Registry and amendments to Company Law
On 4 August 2022, the Romanian Government enacted Ordinance no. 18/2022 on the authorisation and operation of representative offices of foreign entities in Romania, which replaces the previous Decree-Law no. 122/1990. The Ordinance, which entered into force on 7 August,… Read moreRomania amends framework for representative offices of foreign entities
On 17 July 2022, Law 216/2022 came into force amending and supplementing Law No. 85/2014 on insolvency prevention and insolvency proceedings and other normative acts. Law 216/2022 also amended Romanian Companies Law No. 31/1990 (Romanian Companies Law) on the duties… Read moreRomania increases duties for directors when insolvency is likely
On 27 April 2021, Law no. 101/2021 approving and amending Government Emergency Ordinance no. 111/2020 was published in the Romanian Official Gazette, amending Law no. 129/2019 on money laundering and terrorist financing and other specific legislation. Law 101/2020 came into… Read moreRomania changes the conditions for submission of ultimate beneficial owner statement
Romania’s President signed into force Law no. 223/2020 on the simplification of the process for transferring shares to third parties and the subscription of share capital in Romanian limited liability companies (LLCs). The law will enter into force in 3… Read moreRomania passes law removing bureaucracy when operating limited liability companies
In order to reduce the bureaucracy involved in the submission of the ultimate beneficial owner (UBO) statement with the Romanian Trade Registry pursuant to Law no 129/2019, transposing the 4th AML Directive (Directive (EU) 2015/849) of the European Parliament, the… Read moreRomania simplifies registration formalities for ultimate beneficial owners
On 2 July 2020, Romania published Law no. 102/2020 (“Law”), which removes certain barriers hindering the incorporation of Romanian companies. Aimed at improving the rating of Romania’s business in international directories, the Law eases incorporation requirements for Romanian limited liability… Read moreSimplified requirements for incorporation of Romanian companies
