Business
Law 31/1990 companies with capital requirements largely abolished
The srl remains the standard vehicle and since 2020 has no minimum capital requirement at all. Registration is with the National Trade Register Office, which since 2021 accepts fully electronic filings and issues the registration certificate within days.
Key rules
- An srl may be incorporated with share capital of as little as one leu.
- Registration with the Trade Register confers legal personality.
- A person may hold sole membership in only one single-member srl.
- Beneficial ownership statements are filed with the Trade Register.
Governing law
- Law No. 31/1990 on companies (1990)As amended by Law 223/2020 on capital.
- Law No. 265/2022 on the trade register (2022)Replaced the 1990 registry law.
- Civil Code (2009)Law 287/2009, contracts and obligations.
In practice
Micro-enterprise taxation is the real driver of structuring choices, and the 2023 tightening of its turnover and activity conditions caught many consultancies that had relied on it.