Divorce procedure – persons who do not have the last common residence on the territory of the country In accordance with Romanian law, the court of the spouses’ last common domicile is competent to resolve the divorce petition, provided that at least one of the spouses continues to live within the range of the last […]
Inheritance procedure – persons who did not have their domicile in Romania at the time of death, but owned real estate in Romania. The „inheritance certificate” can only be issued by a Romanian notary from the county where the deceased person had his legal domicile when he have passed away (assuming he lived in Romania).
The Romanian legal system is formalist, and recent legislative changes have turned it into an excessively formalist one. In what sense? In the sense that, although verbal agreements are recognized by law as contracts, a handshake is not enough. Some of the reasons are imposed by law and others by practice. For example, if a
Documents required to obtain a cargo transport license. Contents: I. Who issues transport licenses in Romania and under what conditions? II. What are the documents required to obtain the authorization to transport goods on the territory of the country? III. What are the regulations for the transport of dangerous goods? I. Who issues transport licenses
The limited liability company is the most common form of company in Romania, being the legal entity that best serves the interests of investors both from the point of view of the reliability of the activity, and from the perspective of its management. The limited liability company is abbreviated "SRL" in Romania and is the equivalent of the American limited liability company Limited Liability Company (abbreviated to LLC) or the German economic structure "Gesellschaft mit beschränkter Haftung" (abbreviated to GmbH), or the structure called "limited" , the structure used in most Latin American states.
The limited liability company is characterized by:
✓ the character intuitu personae, which means that this economic structure is based on the trust between the associates;
✓ the division of the share capital into fractions called shares, which cannot be negotiable securities;
✓ the liability of the associates is limited to their contribution to the share capital.
The limited liability company may also have a single partner, natural or legal person, of Romanian or foreign nationality, who will be the owner of all shares. Instead, the maximum number of associates is 50 people.
At present, the Romanian law no longer conditions the subscription and payment of a certain amount as share capital.
Through registration, the company acquires legal personality, becoming, under the law, a collective subject of law. The conclusion given by the judge is sent, ex officio, to the Official Gazette of Romania for publication at the expense of the company and to the Financial Administration in whose territorial area is the main headquarters of the company for fiscal registration, mentioning the registration number in the Trade Register .
