Romania passes law allowing authorised individuals, sole proprietorships and family enterprises to become companies

On 2 October 2024, the Romanian Parliament voted to adopt Draft Law No. 274/2024 for the completion of Government Emergency Ordinance No. 44/2008 on the conduct of economic activities by authorised individuals, sole proprietorships and family enterprises. This draft legislation… Read moreRomania passes law allowing authorised individuals, sole proprietorships and family enterprises to become companies

Romania changes the conditions for submission of ultimate beneficial owner statement

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