Our lawyers in Romania present the main characteristics of the SRL-D.
The Romanian State has launched this legal form in order to stimulate the national business environment and to support the setting-up and development of micro-enterprises run by the start-up entrepreneur. This program aims at facilitating new micro-enterprises founded by young start-up entrepreneurs who are at the beginning of the road in conducting economic activities through a limited liability company (LLC). Our team of Romanian lawyers can help you open a SRL-D and can also help you register your company for VAT purposes in Romania.
To qualify for the "Program to Encourage the Establishment and Development of Micro Businesses by Business Entrepreneurs" and to be eligible for the establishment of a LLC, you must meet the following criteria:
The team of experts at our law firm in Romania can give you more details about these conditions.
This business form has a number of advantages, listed below by our lawyers in Romania:
More information on this specially-designed business form can be provided upon request by the experts at our Romanian law firm.
At the end of the 3-year period from the date of registration of the SRL-D, on 31 December, the LLC-D is lost, it being necessary to amend the related documents and to transform it into LLC, paying the respective taxes. In addition, when the competent authorities find that one of the necessary conditions is no longer fulfilled, that quality shall be revoked, as well as the date of voluntary cessation of business or the moment of insolvency. Upon non-fulfillment of a tax obligation, within 45 days, this quality is revoked, as well as when filing the annual / half-yearly financial statement if the turnover for this year reached the threshold of 500,000 euros.
For any additional information, please feel free to contact our Romanian lawyers at Darie, Manea and Associates. We offer free counseling!