Family proprietorship (IF) incorporation

Under the rights of free initiative, association and business establishment, any Romanian citizen or national of another EU Member State or European Economic Area, may perform economic activities in Romania as provided by law.

Previously mentioned individuals can perform economic activities as business owners of sole-proprietorship or family-proprietorship entities. They must have a registered office in Romania as stipulated by law.

Any permanent, temporary or occasional economic activity undertaken in Romania, by sole-proprietorship or family-proprietorship entities, must be registered and authorized as stipulated by law – OUG (Emergency Ordinance) 44/2008.

Patrimonial liability in case of family proprietorship ( IF) is done with the entire assets of the individual.

Establishment costs are lower than in the limited liability company and bookkeeping is kept in simple entry. Also, administrative costs are lower than those of a limited liability company. After the foundation, it is mandatory an FSA (Financial State Administration) registration.

Reinvent Consulting offers business people the opportunity to host their registered office. We also provide accounting services for our partners so you can concentrate on the most profitable activities your company has to offer!

Necessary documents

The necessary documents for family-proprietorship business incorporation are:

Copy of C.I. (at least 2 persons, with a degree of kinship of maximum 4 );
Copy of birth certificates;
If the person’s name changes - a marriage certificate is required;
Documents certifying the necessary skills, training and work experience. Degree copy / study documents / certificates (that are linked to the business’ object of activity) – proof of qualification in that particular activity;
Certified copy of the Title Deeds (in case you don’t have where to host the registered office, you can choose our hosting services: click HERE);
Real Estate Register excerpt – the original and valid copy;
Tax Registration Certificate – the original and valid copy;
Owners association certificate / agreement;
Representative power of attorney;
Bailment agreement – drafted by us;
Specimen signature;
Power of attorney;
Incorporation agreement – drafted by us.

Tariffs

Family-proprietorship tariffs for registered office hosting:

SPECIAL OFFER: Pay 2 years, get the 3^rd year for FREE!

59 Euro Order online, now !	Time length: 6 months Including secretarial services: receiving correspondence and notification about it
111 Euro Order online, now !	Time length : 1 year Including secretarial services: receiving correspondence and notification about it
199 Euro Order online, now !	Time length: 2 years + 1 year for FREE Including secretarial services: receiving correspondence and notification about it
250 Euro Order online, now !	Time length: 3 years Including secretarial services: receiving correspondence and notification about it

The above prices do not include VAT. The amount must be paid in advance.

Family- proprietorship incorporation tariffs:

Services provided	TOTAL COSTS fees and taxes Trade Register, tax offence record		DEADLINE once the file is complete
	Bucharest - Ilfov	Other counties	Bucharest - Ilfov	Other counties
Family-proprietorship Incorporation	490 RON (Including Trade Register taxes, our fee and VAT.)	600 RON (Including Trade Register taxes, our fee and VAT.)	5-7days	15-25 days
Accounting services	Starting with 480 RON, based on a preliminary discussion considering the company object and the number of employees	-	-	-
The incorporation charge must be fully paid in advance. The additional authorization for third-party activity is 100 RON. If you perform an activity that involves installation and use of a cash register, we provide fiscal requirements solutions through our partners. If you already purchased the cash register and you are only interested in fiscal file preparation and the procedure of Public Finance for fiscal procedure, we provide this service at a price of 90 RON. The price do not include VAT. The displayed tariffs include fees, Trade Register taxes and VAT. THERE ARE NO ADDITIONAL CHARGES. We accept, handle and deliver documents through fast couriers. We also send copies of documents by e-mail or fax at NO EXTRA COST. At our company headquarters you will meet LAWYERS AND CONSULTANTS SPECIALISED IN SUCH OPERATIONS WITH VALUABLE EXPERIENCE. The value of allocated time will be calculated as follows: The tariffs shown include up to 30 minutes of commercial and marketing consultancy. What goes beyond those minutes is charged. For consultancy that exceeds 30 minutes but it is less than 1 hour and 30 minutes the rate is 200 RON. For what exceeds 1 hour and 30 minutes the rate is 400 RON.

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Family proprietorship (IF) incorporation

Necessary documents

Tariffs

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