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How to Start a General Partnership Company in Romania

Question: Do we need to write a statute when opening a general partnership company in Romania?

Answer: The General Partnership Company is established in Romania on the basis of articles of incorporation, but the law doesn’t enforce you to write a statute, also it doesn’t forbid the associates to write one if they want to.

According to Article 7 from Law 31/1991, the most important details that must be mentioned in the articles of incorporation are the following:

  1. The personal data of shareholders, office address (main headquarters) and secondary office address;
  2.  Social Shares (social capital);
  3.  Duration of the future company in Romania;
  4.  Modality of liquidation.

You must know that, when founding a General Partnership Company Romania, the articles of incorporation must be in authentic form.

Question: How may shareholders are needed for starting a General Partnership Company in Romania? Also, what is their liablity?

Answer: As compared to other types of Romanian companies, the General Partnership Company must have at least two shareholders, who have unlimited liability towards the company’s obligations. We also mention that this type of company can be founded by natural persons and legal persons as well.

For the natural person, there are two categories of association. The first category is represented by the family companies which are formed by members of the same family or even groups of close friends. The second category includes individuals who work in the same guild or professional body.

Question: Please let me know what capital we need to register our General Partnership Company in Romania.

Answer: If you are asking yourself what registered capital you need to found a General Partnership Company, then you must know that the law doesn’t enforce you to set a specific amount. Associates have the freedom to decide what registered capital their company needs. Although you have to take into account the fact that a symbolic capital could question the company’s chargeability and the associates’ credibility. Do not forget that the company is enforced to pay the subscribed capital when registering.

Question: Do we need to register an offie when starting a General Partnership Company in Romania?

Answer: When establishing a company you must prove that your activity takes place in the registered office you declared to authorities. You can use your private home as a registered office, but if it is located in an apartment building you must obtain the approval of owners association or tenants association and the property certificate. In case you rented a place you have to possess the renting contract.

These are the main aspects which you must consider when establishing a General Partnership Company Romania. Our company can help you register a General Partnership Company with the Trade Register at your convenience. For a free case consultation, please call us now!

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