Romania simplifies registration formalities for ultimate beneficial owners

In order to reduce the bureaucracy involved in the submission of the ultimate beneficial owner (UBO) statement with the Romanian Trade Registry pursuant to Law no 129/2019, transposing the 4th AML Directive (Directive (EU) 2015/849) of the European Parliament, the… Read moreRomania simplifies registration formalities for ultimate beneficial owners

Simplified requirements for incorporation of Romanian companies

On 2 July 2020, Romania published Law no. 102/2020 (“Law”), which removes certain barriers hindering the incorporation of Romanian companies. Aimed at improving the rating of Romania’s business in international directories, the Law eases incorporation requirements for Romanian limited liability… Read moreSimplified requirements for incorporation of Romanian companies

Romania continues the implementation of tax measures to support businesses

On 25 June, Romania put into place Government Emergency Ordinance no. 99/2020 (GEO 99/2020) approving additional tax measures and deadlines extensions to support the business environment during the recovery period after the lifting of the lockdown. Extension of existing deadlines… Read moreRomania continues the implementation of tax measures to support businesses

Romanian businesses increasingly turn to internal investigations

Since the early 1990s, Romania’s expanding business sector has made it one of Central Eastern Europe’s most dynamic economies, which has attracted a broad array of foreign investment. This rapid growth and the compliance requirements of foreign investors have compelled… Read moreRomanian businesses increasingly turn to internal investigations