Corporate Lawyers. Establishment of a company by French citizens in Romania

As a member state of the European Union, Romania offers an attractive environment for foreign investments, including for French citizens wishing to establish companies in Romania. In this article, we will analyze the process of establishing a company by French citizens in Romania, the advantages of establishing a company by French citizens in Romania, as well as the role of corporate lawyers in Romania throughout the entire process. We will also address legal aspects found in Law 31/1990 and the steps to start a business by a French citizen in Romania according to the regulations provided by the Trade Register. The Romanian Law Firm Pavel Margarit and Associates stands out for its expertise in Corporate and Commercial Law, providing specialized legal consultancy to French entrepreneurs wishing to open a company in Romania.

Establishing a company in Romania – a member country of the European Union

Romania offers numerous advantages for investors from other EU countries due to favorable regulations and low operational costs. French citizens benefit from simple procedures and a legal regime in line with EU provisions, making the establishment of a company in Romania a quick and efficient process by using the services of corporate lawyers in Romania who can provide high-quality legal assistance in any operation related to the Trade Register, ensuring that the process of establishing a company by a French citizen in Romania is safe and easy for clients.

French citizens establish companies in Romania

French citizens and investors find in Romania an opportunity to expand their businesses due to the growing market and strategic geographical position. Law 31/1990 establishes the legal framework for company formation by a French citizen in Romania, including the types of companies that can be established (limited liability company in Romania, general partnership in Romania, joint-stock company in Romania), the requirements for share capital, registration procedures with the Trade Register and administrative and tax obligations. In this regard, corporate lawyers in Romania can guide through the entire process of company formation by a French citizen in Romania, ensuring compliance with the regulations on companies in Romania.

Establishing a company by French citizens – Advantages

A French citizen should know that opening a company in Romania brings numerous financial advantages for them, including reduced costs associated with the process of opening a company by French citizens in Romania, low registration fees with the Trade Register and simplified procedures. The value of taxes and duties may vary depending on the nature of the activity and the turnover of the company, but in general, they are competitive compared to other EU countries. The corporate tax on profits is relatively low, with a standard rate of 16% which is competitive in Europe, and the dividend tax is applied at a reduced rate of 8%, making profit distribution more advantageous.

Essentially, to start a business by a French citizen in Romania, it is important to benefit from the services of corporate attorneys in Romania to receive support in this field. The Romanian Law Firm Pavel Margarit and Associates stands out for its expertise in Corporate Commercial and M&A, providing legal services in order to open a company by French citizens in Romania.

French citizens establish companies in Romania remotely

One of the major facilities offered to French citizens is the possibility of opening a company by French citizens in Romania remotely. With the help of corporate attorneys in Romania, French director in Romania can manage the entire process without the need to travel, thus having a quick and efficient start. This process involves using legal representation services, where lawyers can act on behalf of the French director in Romania to submit the necessary documents to the Trade Register and fulfill other administrative requirements. This is particularly useful for French investors who cannot be physically present in Romania during the registration process. However, it is important to note that to open bank accounts for the company established in Romania, physical presence at the bank’s headquarters is required to carry out this operation.

Establishing the registered office of companies with French associates at the lawyer’s office

To further simplify the process, The Romanian Law Firm Pavel Margarit and Associates offers the possibility of establishing the headquarter of the company in Romania at the lawyer’s office address. This is especially useful in the initial stages and allows the company to start its activity immediately, without encountering delays related to finding and renting office space regardless of whether it is a limited liability company in Romania, a general partnership in Romania or a joint-stock company in Romania. In addition, the headquarter established at a law firm ensures that all official documents and correspondence are carefully managed, reducing the risks of loss or negligence.

Companies with French director in Romania

In Romania, French citizens can hold administrative positions in companies in Romania that they establish. Law 31/1990 allows a foreign citizen to be appointed as an administrator, who will perform all operations necessary for the realization of the company’s object of activity, within the limits established by the articles of incorporation. The French director in Romania is appointed by the General Meeting of Shareholders (GMS) or by the decision of the sole shareholder specifying the period for which the French director is appointed and whether or not they have full powers. Additionally, a French director in Romania can bring an international perspective and valuable experience, contributing to the success and growth of the business in Romania.

“It is essential for French citizens to consult corporate attorneys in Romania for company establishment when they wish to open a company in Romania, whether it is a joint-stock company in Romania, a limited liability company in Romania or a general partnership in Romania. This process involves a detailed understanding of the relevant legislation, the legal requirements specific to each type of company, and the procedures required for establishing a company by French citizens in Romania,” declared Dr. Radu Pavel, the Managing Partner of The Romanian Law Firm Pavel Margarit and Associates.

The Romanian Law Firm Pavel Mărgărit and Associates offers specialized services to French directors in Romania for register a company in Romania at the Trade Register with the help of our team of Corporate attorneys in Romania who can assist you throughout the entire process. To benefit from our legal support, you can contact us by accessing the contact form available at https://avocatpavel.ro/contact/.

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In conclusion, the process of establishing a company with a French director in Romania requires compliance with legal requirements and the submission of the documentation requested, along with obtaining the necessary authorizations to conduct activities in accordance with the law. The financial advantages of company formation by a French citizen in Romania are notable and to facilitate this process and ensure that all legal aspects are properly handled, specialized legal consultancy from corporate lawyers in Romania is essential, providing clients with legal advice tailored to the specific needs of their business and contributing to the consolidation and success for start a business by a French citizen in Romania.