Subsidiary

Open Subsidiary in Romania

 

An overseas corporation has multiple options if interested to open a secondary office in Romania. Among all alternatives our Legal System provides, we can easily distinguish between two general types. One category gathers business entities with legal personality and the other one includes those offices without legal personality. Prior to creating a Romanian subsidiary, clients should know that this company holds legal personality but it is still controlled by the parent company. The subsidiary is therefore to be considered as a Romanian entity and it can be treated accordingly by the local authorities. If willing to open subsidiary in Romania you should also be informed that even if this business entity is created as an independent company that works independently and autonomously, with its own office and being established on a permanent basis, the parent company is able to decide on three important aspects. It determines the establishment, the modification and the termination of activities. The subsidiary has its own patrimony; it can conclude contracts on its own behalf and is fully responsible for this. It can be also the holder of one or more bank accounts.

 

Creating a Romanian Subsidiary – Specific Features

 

According to legal provisions, the subsidiary must be registered with the Trade Register in Romania; it has its own articles of incorporation. In order to open subsidiary in Romania the mother company should also take into account that this type of secondary establishment may engage in business activities different from those performed by the mother company. From a fiscal standpoint, the subsidiary is considered a distinct entity and it has its own management structure.

In practice, in order to establish subsidiary Romania we have to follow the same steps as those imposed by the registration process of companies. Costs for creating a Romanian subsidiary varies depending on the type of business entity it represents. Generally speaking, the decision to establish subsidiary Romania implies that this new office may benefit from brand popularity which was already leveraged by the mother company. It also enjoys the advantage of undertaking a set of procedures and a working system already verified by the mother company.

Our professional staff has a broad experience in dealing with these processes being highly qualified in delivering optimal solutions for each request. We can guide you and fully assist in order to successfully complete your project goals.