Conditions for doing business as a legal entity

If you do not wish to carry out activities as a private entrepreneur, you can carry out business activities in other forms:

Limited liability company (SRL)

- The most popular form of business.

- The minimum amount of authorised capital is EUR 10,000 if there is one shareholder.

- There are no citizenship requirements, but the director can be an EU citizen.

- Tax reports have to be submitted once a year, and VAT reports – quarterly.

Joint stock company (SPA)

- The minimum amount of the share capital is EUR 120,000.

- Liability depends on the contribution to the shared capital.

- Accounting reports must be submitted to the Commercial Register.

- There must be at least 1 director.

- Investors can also be foreigners.

Partnership (SAS)

- A small company with an annual turnover of no more than EUR 2,000,000.

- Investors may or may not manage the company.