romania ministry of justice national trade register office

ROMANIA MINISTRY OF JUSTICE

NATIONAL TRADE REGISTER OFFICE

FACILITIES GRANTED TO STUDENTS AND YOUNG ETREPRENEURS



REQUIREMENTS

to be a student in an accredited higher education institution

to be in the 2nd year, at least, and to have met all obligations set out by the University Senate

to be under 30 years of age

FACILITIES GRANTED TO STUDENTS



STUDENTS ARE EXEMPT FROM THE FOLLOWING FEES AND FARES:

fees for assistance services offered by the trade register offices

fees and fares for incorporation and authorization of operation performed by the trade register offices

fares for publication of the resolution regarding incorporation in the Official Gazette of Romania

stamp fee for notarial activity for documents compulsorily concluded in authentic form


NATIONAL TRADE REGISTER OFFICEFEES TO BE PAID

fee for company name and/or logo reservation made by the trade register offices

IMPORTANT fiscal incentives are not granted in case a company is acquired by transfer fiscal incentives are granted once, only, and for setting up one company, only the company may be established individually or by association with other

students students – foreign citizens - do not benefit from the provisions of this

Government Decision partial or full transfer of the company or shares within 3 years as from

incorporation entails full reimbursement of the amounts related to tax exemption by the company



Government Emergency Ordinance no. 6/02.02.2011 for stimulating the setting up and development of microenterprises by young entrepreneurs, approved by Law no. 301/2011

BENEFICIARIES OF THE PROGRAMME

LEGISLATIVE FRAMEWORK

Young entrepreneurs carrying out an economic activity for the first time through a limited liability company

FISCAL INCENTIVES GRANTED TO YOUNG ENTREPRENEURS



full legal competence

up to 35 years of age on the date of registration of the application

not holding or having held the quality of shareholder or partner of an enterprise established within the European Economic Area

setting up a limited liability company for the first time

REQUIREMENTS

FISCAL INCENTIVES GRANTED TO YOUNG ENTREPRENEURS



REQUIREMENTS FOR THE MICROENTERPRISE, all compulsory

to be a limited liability company (SRL) and operate for an unlimited period of time

to fall within the category of microenterprises; to be established by a beginner entrepreneur, as sole partner, or by 5 partners, at the most, as beginner entrepreneurs

the requirements for the beginner entrepreneur have to be met by each of the partners

to have as objects of activity 5 groups of activities, at the most


NATIONAL TRADE REGISTER OFFICEDOMAINS NOT INCLUDED IN THE OBJECT OF ACTIVITY

financial and insurance intermediation real-estate transactions gambling and betting activities manufacture or trade of

activities excluded by the European Norms

weapons ammunition explosives tobacco alcohol substances under national control herbs narcotic drugs and psychotropic substances and

preparations


NATIONAL TRADE REGISTER OFFICEINCENTIVES GRANTED TO SUCH MICROENTERPRISES

non-refundable financial grants representing 50%, at the most, but not more than 10,000 EURO or the equivalent in LEI, of the project value related to the business plan

warranties of up to 80%, at the most, of the requested credit value, but not more than 80,000 EURO or the equivalent in LEI

exemption from payment of social securities contributions due by the employers for 4 employees, at the most, employed for an unlimited period of time

exemption from payment of the fees for operations of incorporation made by the trade register, as well as of the fares for publication in the Official Gazette of Romania

Consulting and training



THE QUALITY OF MICROENTERPRISE BELONGING TO A BEGINNER ENTERPRENEUR CEASES:

on 31 December of the year marking 3 years as from the date of its incorporation on the date any of the competent authorities finds that the company no longer

fulfills one of the requirements on the date its activity ceases voluntarily or insolvency proceedings commenced when 45 working days passed since an outstanding fiscal liability became due on the date the half-yearly or annual accounts are filed, if the current year

turnover reached the equivalent in LEI of 500,000 EURO

Q&A



Thank you for your attention!Silvia Claudia Mihalcea

Director-GeneralMinistry of Justice

National Trade Register OfficeBuchrest, 2013



romania ministry of justice national trade register office

Documents

trade of activities

trade register offices

trade register offices

onlythe company

limited liability company

economic activity

notarial activity

objects of activity