First-Time Limited Liability Companies

LLC Incorporation Reinvent Consulting

First-Time Limited Liability Companies are regulated by the Emergency Ordinance 6/2011, which aimed at stimulating the creation of new businesses by first-time entrepreneurs.

The same conditions apply to the incorporation of a SRL-D as to any SRL:

  • 3/6 name alternatives;
  • Documents attesting the right to use the property for your intended registered office;
  • Copy of the building’s property deed;
  • Copy of the ID documents of the Associate/Associates;
  • Standardised notarial declarations;
  • Capital stock, at least 200 RON.

The specific condition is that the associates must have never owned a company before.

 

ONLINE COMPANY NAME GENERATOR: click here

The file will be processed within 3-5 days of the date when we have all the necessary documentation.

 

Fiscal benefits and non-refundable financing for SRL-Ds

First-time entrepreneurs who want to start a SRL-D benefit from a number of government aids, such as: 

  • 200 RON for the creation of a SRL-D;
  • Non-refundable loans to the amount of 10,000 euros. The Romanian government grants a financial aid of up to 10,000 euros, non-refundable, to those who want to start a SRL-D. In fact, this programme is a government aid in the form of a de minimis scheme meant to stimulate the creation of micro-enterprises by first-time entrepreneurs.

This aid is offered by the Romanian state only if the granting procedure is respected and it represents a contribution of 50% of the total value of the project. The remaining 50% must be financed through other sources.

For more details regarding the 10,000 euros aid, click here. 

  • Guarantees issued by the National Credit Guarantee Fund for SMEs, of up to 80% of the value of the loan, to the amount of 80,000 euros;
  • SRL-Ds are exempted from the payment of the fees charged for the registration procedures carried out at the Trade Register, as well as for the fees related to the publication in the Official Gazette, Part IV;
  • Exemption from the payment of the social security contributions owed by the employer for a maximum number of 4 employees, to the extent of the national average gross salary corresponding to the year prior to the exemption.

SRL-D incorporation tariffs

 

The price for the incorporation of a SRL-D is 200 RON.

If you wish to perform an activity that requires the installation and use of a cash register, we provide fiscal activation solutions through our partners.

If you already acquired a cash register/fiscal printer and you only need help putting together the fiscal activation documentation and filing it with the General Directorate for Public Finances, we provide this service for a price of 90 RON (VAT exclusive).

 

Do you need help? Contact us!

Our consultants are at your service from Monday to Friday, 9.00 am - 17.30 pm. 

(021) 318.69.60