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An overseas corporation can very well do business in Romania via a subsidiary. The subsidiary has a legal personality and is regarded as a Romanian entity. According to the Law No.31/1990, a Romanian subsidiary of a foreign company is a Romanian legal person and, consequently, it is subject to Romanian laws. It is liable, on its own behalf, for the actions assumed.. It is accountable, on its own part, for the actions taken on. The Romanian subsidiary has its own patrimony and bank account.
In practice, subsidiaries are commissioned following the same steps as the registration of companies, i.e. notarizing the statutes, and registering the subsidiary with the National Trade Register Office. The formation of a subsidiary must comply with the minimum capital requirements under the Romanian Company Law. The formation of a subsidiary must comply with the minimum capital requirements under the Romanian Company Law no.31/1990.
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