Setting up any type of company in Romania contains many advantages due to the advantageous geographical position, the large number of natural resources, the openness towards foreign investors and many others.
The country is continuosly growing both from an economic and a population point of view. Cities are expanding this meaning a wide range of opportunities for new constructions. This is one of the main reasons why Romania is so attractive for seting up a construction company.
If you want tostart your Romanian Construction Company first you shall have to decide whether you want a limited liabilited company or a joint stock one. It would be easier at first to start with a limited liability one and then you may change it into a joint stock company.
Then you should which NACE Codes you want for your company. There are specific construction codes such as NACE Code 4120 – Construction works of rezidential and nonrezidential buildings or 4211 – Construction works of highways and motorways.
After you have decided upon these aspects you should register your company with the local Trade Register. This is done exactly through the method required for any other Romanian Limited Companies, respectively:
1) Reserving the company name;
2) Drafting the necessary documents such as affidavits, specimen signatures, Articles of Association and any other required documents;
3) Sending the documents to be notarized abroad or within Romania;
4) Translating the original documents received from the client;
5) Filing with the Romanian Trade Register;
6) Obtaining the Certificate of Registration in approx. 5 working days.
After the registration of the company you may commence the activity. Bear in mind that for every contruction of a building you shall be required to obtain an authorization for this type of action.
Legality Team would be able to provide legal assistance through the entire procedure. Contact us now!