Do you own a company? Here are 4 pieces of news you need to know for your business!

July 3rd, 2020

Starting with July 5th, 2020, Law no. 102/2020 amending the Companies Law no. 31/1990 shall enter into force, which brings important changes for Romanian companies. You should consider these changes if:

  1. you are the sole shareholder in a limited liability company (LLC or in Romanian SRL):

    • you will have the right to be a sole shareholder in several LLCs;

    • your LLC may have as sole shareholder another LLC with sole shareholder.

  2. you want to set up a company or change the company's headquarters - you can establish the headquarters even at an address where several companies are registered (the obligation that the number of companies operating in a building cannot exceed the number of separate rooms or spaces has been eliminated);

  3. your company does not carry out activity at the registered office - the approval regarding the change of the destination of the residential buildings is no longer necessary.

Within 60 days as of the date of entry into force of Law no. 102/2020, the methodological norms for the application of this law will be adopted.

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