Company Branch Romania
To operate commercially on Romanian territory, foreign firms, parent companies, are allowed to establish a company branch in Romania. Doing business through a branch office, does not require the formation of a Romanian corporation.
The branch is just part of the structure of the parent company; it does not become a distinct legal entity.
Romanian Law no. 105/1992 on the Regulation of the Private International Law Relationship stipulates that a branch is governed by the national law of its parent company.
Our law firm Gradeanu & Partners has extensive experience in opening a romanian company branch , we have romanian lawyers that are providing legal services to foreign individuals or legal entities for more than 10 years.
The most important aspects regarding a Romanian Branch Company are the following:
It doesn’t have its own legal personality or share capital;
It can operate only in the same activities of its parent company;
The parent company will be liable for all the actions of managers and agents of the branch;
It must have a general manager (Romanian or foreign citizen).
The branch company must be registered with the local Trade Register Office. The following documents must be provided:
Articles of incorporation of the foreign legal entity;
Evidence of registration of the foreign legal entity in its country of origin (registration certificate, Certificate of incorporation, an excerpt from the trade register, or certificate of good standing);
Resolution of the foreign legal entity to establish a branch office in Romania;
Documentation attesting the parent company's solvency;
Power of Attorney issued to the Manager of the branch office.
All documents from the foreign legal entity must be notarized and apostilled/legalized in the country of execution.
Any document supplied in a language other than Romanian must be accompanied by a notarized translation.
To operate commercially on Romanian territory, foreign firms (parent companies) are allowed to establish a branch office in Romania. Doing business through a branch office, does not require the formation of a Romanian corporation.
The branch is just part of the structure of the parent company; it does not become a distinct legal entity.
Romanian Law no. 105/1992 on the Regulation of the Private International Law Relationship stipulates that a branch is governed by the national law of its parent company.
The most important aspects regarding the branch are the following:
it doesn’t have its own legal personality or share capital;
it can operate only in the same activities of its parent company;
the parent company will be liable for all the actions of managers and agents of the branch;
it must have a general manager (Romanian or foreign citizen).
The branch must be registered with the local Trade Register Office. The following important documents are needed:
Articles of incorporation of the foreign legal entity;
evidence of registration of the foreign legal entity in its country of origin (registration certificate, Certificate of incorporation, an excerpt from the trade register, or certificate of good standing);
resolution of the foreign legal entity to establish a branch office in Romania;
documentation attesting the parent company's solvency;
Power of Attorney issued to the Manager of the branch office.
All documents from the foreign legal entity must be notarized and apostilled/legalized in the country of execution. Any document supplied in a language other than Romanian must be accompanied by a notarized translation.