Romania changes the conditions for submission of ultimate beneficial owner statement

On 27 April 2021, Law no. 101/2021 approving and amending Government Emergency Ordinance no. 111/2020 was published in the Romanian Official Gazette, amending Law no. 129/2019 on money laundering and terrorist financing and other specific legislation. Law 101/2020 came into… Read moreRomania changes the conditions for submission of ultimate beneficial owner statement

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 adopts measures to allow shareholders and management meetings during COVID-19

On 7 May 2020, the Romanian Government adopted Emergency Ordinance No. 62/2020 (“EO 62/2020”) which regulates certain measures on calling and holding general shareholders’ meetings (“GMS”) and management and supervisory board meetings during the COVID-19 pandemic. EO 62/2020 applies to… Read moreRomania adopts measures to allow shareholders and management meetings during COVID-19