zondag 3 mei 2015

Company Creation In Romania - Create A Company In Romania


We are specialized in remote company creation. We create form a distance you do not need to travel. You only travel to Romania with us after that the company is created to open the operational bancary accounts, personal bank accounts, internet banking on your name, etc..We create and you save money and time. For more info contact: frjacobs@telenet.befrjacobs@telenet.be
A SRL (Limited Liability Company – Societate cu raspundere limitata) is the most frequent type of legal entity in Romania. This kind of business structure can be easily set up in Romania, as long as the following steps are considered:
1) First of all, once the decision to establish a company in Romania has been taken, the client must check the availability and reserve the company’s name and logo. This procedure is done through the Romanian State Office for Inventions and Trademarks. A Romanian SRL is a limited company broadly equivalent to the German GmbH of the French Sàrl. All company names must be approved and reserved by the Trade Register Office and this is typically done within a day. Words suggesting geographical locations are restricted and special approval is required to use the word ‘Romania’; this can take around 30 days. The name of your company can be in any language so long as it uses the Latin alphabet but it cannot be deceptively similar to a company already trading in Romania and it must end with the suffix SRL. 
2) The second step is to provide the necessary documents for the company formation in Romania.  SRL companies are registered through the local Trade Register Office and will require a series of documents from the shareholders and administrators (Directors) such as: Articles of Association (required to contain certain information), Affidavits and Specimen Signatures. In case the shareholders are foreign companies then the Romanian Trade Register will also require their registration documents for proof of their existence and details and registrations.
3) Documents you are required to provide:
  • Proof of identity (passport, national identity card, photographic driving licence).
  • Proof of residential address (gas/electricity bill or credit/debit card bank statement dated within the last three months)

4) Registered Office
  • All SRLs must have a registered office where documents may be legally served on the company. The registered office must be a physical address in Romania. We can host and administer your company in one of our business centers.

5) Share Holders and Share Capital Requirements
  • The minimum registered capital of an SRL is 200 RON (approximately €50) and initial capital must be subscribed and paid in cash upon registration of the company. 
  • The share capital must be divided into shares of equal value. 
  • The minimum share value is 10 RON. Consequently, a 200 RON company can have only 20 shares, i.e. one share equals 5% of the share capital. 
  • Share capital can be paid up using any currency. 
  • At least one shareholder is required and a maximum of 50 shareholders is permitted.

6) An entrepreneur can open a company in Romania and choose to either visit the country, or to delegate powers to a representative through a Power of Attorney or mandate.
7) A bank account has to be opened and the minimum share capital subscribed (200 RON). This service refers to both the initial share capital account as well as an additional current account for on-going operations. Both types of Romanian bank accounts can be set up without your personal presence in Romania.
More info mail frjacobs@telenet.be frjacobs@telenet.be

vrijdag 13 februari 2015

Subventions Romania 2014 2020 State Aid Scheme



State Aid scheme for stimulating investments with major impact on the economy
State aid scheme aims regional development by making initial investments in fixed assets of high technology to achieve products with high added value, regardless of the size of the recipient. The total value of an investments project must be of minimum 44 million Ron. This value was determined by reference to an equivalent value of approximately 10 million Euros (calculated at a exchange rate of 4,4 Ron/Euro).
State aid scheme is included in the Program “State Aid to finance investment projects”, within the budget of the Ministry of Finance – General Actions.
The expenses may be included in the total investment value are those that are capitalized in the value of tangible and intangible assets.
The expenditure on purchase / renting / leasing land not included in the total investment.
Any expenses distinctly highlighted in the company's accounting records other than those related to tangible and intangible assets, such as expenditure on consultancy, obtaining approvals, agreements, licenses, employee training, etc., are not included in the total investment.
The maximum budget for the scheme is 2,700 million Ron, equivalent to 600 million Euro,to supplement as follows:
a)    Commitment to the issue of financing agreements for the period 2014 – 2020;
b)    Appropriations for payment of state aid approved under agreements to financing issued for the period 2015 – 2023.
Maximum annual budget of the scheme is 450 million Ron, equivalent to approximate 100 million Euro, as it will be determined by the annual budget laws. Financing agreements may be issued under the scheme till December 31, 2020 respecting state law aid.  
State assistance payments shall be made between 2015 and 2023, based on agreements for funding issued within the annual budget, allocated to the scheme.
WHO CAN APPLY FOR FUNDING UNDER THE STATE SCHEME?
Companies which may request state aid under this scheme are recently established companies or ongoing activity companies, both SME’s and large enterprises, with legal personality established under the Companies Act no. 31/1990, republished, subsequent amendments.
WHAT ARE THE ELIGIBLE AND NON-ELIGIBLE EXPENCES RELATED TO THE INITIAL INVESTMENT?
A. ELIGIBLE COSTS
There are considered eligible expenses, costs without VAT linked to implementing or acquisition, where appropriate, the tangible and intangible assets and expenses linked to renting construction related to the initial investment achievement.
Eligible expenditure on tangible assets
The tangible assets shall meet in whole the following conditions of eligibility:
  • must be operated exclusively by company recipient of aid to achieve the investment objectives for which the funding.
  • must be included in the assets of the company benefiting from state aid and must remain associated investment for which funding was granted for a period of at least five years after completion of the investment.
  • must be purchased in market conditions.
The maximum amount that can be considered eligible expenses related achievement cannot exceed the standard construction cost. The costs of obtaining construction cost exceeding the standard are considered ineligible.
In case of purchase of tangible assets are completed on specific chapters of the investment plan and the period for the purchase thereof, the years in which they were received (partial or final) and after payment (partial or final) thereof.
Eligible expenditure on intangible assets
The intangible assets shall meet in whole the following conditions of eligibility:
  •  must be operated exclusively by company recipient of aid to achieve the investment objectives for which the funding.
  • must be included in the assets of the company benefiting from state aid and must remain associated investment for which funding was granted for a period of at least five years after completion of the investment.
  • must be purchased in market conditions.
In case of purchase of intangible assets or licenses, know0how or other intellectual property rights, they complement the specific chapters of the investment plan and the period for the purchase thereof, the years in which they were received (partial or final) and after payment (partial or final) thereof.
To be considered eligible, costs of intangible assets cannot exceed 50% of the total eligible costs of the investment.
B. INELIGIBLE COSTS
There are considered ineligible expenses the costs without VAT linked to implementing or acquisition, where appropriate, the tangible and intangible assets and expenses related to renting construction that do not qualify as eligible expenses. Ineligible costs are not funded by state aid.
ELIGIBILITY CRITERIA OF ENTERPRISES
1.    GENERAL
  • are registered under the Companies Act no. 31/1990, republished, as amended and supplemented;
  • made an initial investment in Romania, in the areas of eligible activity;
  • proves the viability of the project investment and economic efficiency of the company based on the Investment Plan and Business Plan;
  • registers no debts to the budgets of the general consolidated budget;
  • does not qualify as "firms in difficulty";
  • not in enforcement proceedings, insolvency, bankruptcy, reorganization, dissolution, operational closure, liquidation or temporary suspension of activity;
  • decisions are not subject to recovery of State aid or where such decisions were issued, they were executed according to the law in force;
  • have not benefited from other national regional aid for eligible costs of the nature of wage costs in the same single investment project;
  • not closed an identical or similar activity in the European Economic Area in the last 2 years prior to the filing of the financing agreement and, at the time of registration application, no concrete plans to close such activity over a period of 2 years after completion in the region in question, the initial investment;
2.    IN ADDITIONAL FOR ENTERPRISES WITH AT LEAST ONE FINANCIAL YEAR ENDED
  • have profitability turnover greater than zero in the last financial exercise;
  • have positive equity in the last financial exercise;
3.    IN ADDITION TO START-UPS COMPANIES
  • they have paid share capital amounting to at least 100,000 Ron;
  • they do not belong to shareholders who hold or have held in the past two years previously application registration of the financing agreement for another registered company under Companies Act no. 31/1990, republished, as amended and supplemented, carrying or has carried out its activity for applying for funding.