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Business registration in Sibiu, like rest of Romania, is governed by national laws and is handled by the National Trade Register Office. The process includes several stages such as selecting a unique company name, defining the business activity, preparing the documents for incorporation, opening a bank account for social capital, and completing the special forms provided by the National Trade Register Office. It's important to understand this process and stay compliant with the regulations to avoid any potential legal issues.
Starting a business in Sibiu involves several legalities that can be complex and overwhelming for those not familiar with Romanian law. Hiring a lawyer can help navigate these complexities, ensuring that all legal requirements are met. Lawyers can assist with tasks like drafting bylaws, understanding zoning laws, obtaining necessary permits and licenses, and more. An experienced attorney can also provide necessary guidance on the overall business registration process and legal obligations once the business begins operating.
Business registration in Sibiu adheres to Romanian commercial laws. These laws govern the structure of the company, the minimal required share capital, description of the business activities, shareholders' rights and obligations, and more. For example, SRL (limited liability company) is the most common type of company in Romania, requiring a minimum capital of just 200 RON (around 50 USD). Also, it's notable that each company's particulars should be publicly registered, essentially making information such as ownership and company status accessible.
Several types of businesses can be registered in Romania, including Limited Liability Companies (SRL), Joint Stock Companies (SA), Partnerships, Sole Proprietorships and Branches of foreign companies.
The duration of the business registration process can vary, but it usually takes between 3-4 weeks. This can be expedited to about a week with the help of a lawyer.
While you can register a business from abroad, it may be easier to do so when you're present in Romania. With the help of a Power of Attorney, a lawyer can handle most of the process in your absence.
Yes, foreigners are allowed to own 100% of a company in Romania. There's no obligation to have Romanian partners or directors.
Some common legal issues among businesses include non-compliance with zoning regulations, labor law disputes, tax disputes, and licensing and permit issues.
The National Trade Register Office is a great resource for understanding business registration in Romania. The Sibiu County Court also provides useful information on local regulations and compliance issues. For more specific legal assistance, the Sibiu Bar Association can provide legal aid and lawyer referrals. Other useful resources include the Sibiu Chamber of Commerce and Industry, and the Romania's Ministry of Public Finance.
If you're in need of legal assistance for business registration in Sibiu, you'll want to research and hire a lawyer experienced in Romanian business law. Prepare all relevant documents, clarify your business plan and consult with your lawyer regarding any questions or concerns you may have. One you've taken all preparatory steps, you can begin the registration process with the guidance of your legal advisor.
