Online company registration in Romania represented by incorporation documents, an international globe and a modern Bucharest office building

Online Company Registration in Romania: Electronic Signature and ONRC Filing

Online company registration in Romania is available for many founders, including non-residents. The filing can be submitted electronically or through an authorised representative, but a valid electronic signature is only one part of the route. The documents, signing authority, identity checks and ONRC platform requirements must also align.

Documents required for online company registration in Romania including identification, electronic signature, power of attorney and ONRC filing
Remote incorporation depends on coordinating the founder’s identification, electronic signature, power of attorney, company documents and ONRC filing.

This guide explains the online filing route for foreign individuals, overseas companies and Romanian founders. It focuses on the relationship between electronic signatures, filing authority, documents and the National Trade Register Office platform. For the broader choice of entity, capital and corporate structure, see our company formation in Romania guide.

Can you register a Romanian company online?

Often yes, but online registration is not the same as an automatic paper-free process. The ONRC application can be filed electronically, while foreign-document formalities, identity verification, representation and bank onboarding may follow separate rules.

Romania’s National Trade Register Office online portal offers services including company-name reservation and incorporation. Law No. 265/2022 also regulates online company formation and electronic communication with the Trade Register.

Under Article 105 of Law No. 265/2022, the registrar may exceptionally request physical presence if there is a suspicion of identity falsification. The same provision states that physical presence is not required when the incorporation application and supporting documents, including the articles of association, were prepared by a public notary or lawyer. If presence is exceptionally requested during online formation, the remaining stages may still be completed electronically.

StageCan it be handled remotely?Important qualification
Name reservationNormally yesThe proposed name must satisfy Trade Register availability and naming rules.
Preparation of incorporation documentsYesThe documents must reflect the chosen structure, activities, management and registered office.
Signing and representationOften yesThe route may use a qualified electronic signature or a compliant power of attorney, depending on the document and filing method.
Trade Register filingYesElectronic filing must meet the portal’s technical and signature requirements.
Bank account onboardingBank-dependentBanks apply their own know-your-customer, beneficial-owner and risk procedures.
Sector permitsDepends on the activityRegulated activities may require separate authorisations before or after incorporation.

What are the steps for remote company formation in Romania?

The legal sequence is straightforward, but the filing route should be chosen before documents are signed. Select each step below to see its practical purpose.

Online filing roadmap
From signature to registration

Select a step to review what must be resolved before the next stage.

Confirm the structure

Choose the company type, shareholders, directors, activities, decision rules and capital before preparing the filing documents.

  1. Confirm the company structure. Decide the entity type, ownership, administrators, business activities and signing authority. An SRL is common, but it should not be selected automatically when investment, governance or regulated activities require another structure. See our 2026 guide to Romanian limited liability companies.
  2. Reserve the company name. Submit alternatives that comply with the Trade Register rules. Our separate guide explains how to register a company name in Romania.
  3. Establish the registered office. Every Romanian company needs a valid registered office and supporting title to use the address. For the documents commonly used in an incorporation file, see our foreign-founder document checklist.
  4. Prepare, formalise and translate the documents. Coordinate the articles of association, identity or corporate records, declarations, beneficial-owner information, office evidence and powers of attorney. Foreign public documents may require apostille, legalisation or an applicable exemption, depending on the issuing state, bilateral treaties, EU legislation and the nature of the document, followed by an authorised Romanian translation where required.
  5. Sign and file through the selected route. If the electronic filing route is used, the signature and submission must satisfy the applicable ONRC technical and procedural requirements. A properly authorised representative may provide an alternative route, provided that the authority granted complies with the requirements applicable to the filing.
  6. Complete post-registration onboarding. After incorporation, organise accounting, tax registrations or options, bank onboarding, employment setup and any permits required for the actual activity.

Which documents do foreign founders usually need?

The exact file depends on whether the shareholder is an individual or a foreign company, the founder’s country, the administrators, the registered office and the intended activities. Do not sign foreign documents until their Romanian formality and translation route has been checked.

Founder or issueTypical documents or informationRemote-formation check
Foreign individual shareholderValid identity document, personal details, declarations and specimen/signing information as applicableConfirm legibility, validity, signature method and whether additional identification evidence is required.
Foreign corporate shareholderRecent company extract, constitutional documents, representation evidence and corporate approvalConfirm issue date, competent signatory, apostille or legalisation and Romanian translation.
AdministratorIdentity data, acceptance and statutory declarationsCheck eligibility, tax-identification implications and the signing route.
Company constitutionArticles of association specifying ownership, management, activities, capital and governanceAlign every translated or signed version. See our articles of incorporation guide.
Registered officeDocument proving the right to use the Romanian address and any required supporting recordsConfirm permitted use, term and consistency with the filing.
Beneficial ownerBeneficial-owner information and any declaration required under the legislation applicable at the time of filingTrace the ownership chain and identify the natural persons who ultimately own or control the company.
RepresentativePower of attorney or lawyer’s authority, depending on the routeMatch the scope, form and authentication requirements to the acts the representative will perform.

Do founders need a qualified electronic signature?

A qualified electronic signature may support electronic filing, but its legal validity does not, by itself, make it sufficient for every ONRC submission. A founder may instead use a properly authorised representative, provided that the power of attorney complies with the form requirements applicable to the specific filing and the jurisdiction where it is executed.

The signature route should be tested before execution. Romania’s framework includes Law No. 214/2024 on electronic signatures and trust services, while the Trade Register procedure is governed specifically by Law No. 265/2022 and the portal’s filing requirements. The availability of electronic filing depends not only on the legal validity of the electronic signature but also on the technical and procedural requirements imposed by the National Trade Register Office.

Remote identity checks may also involve regulated identification services. The Romanian Authority for Digitalisation publishes information on remote identification by video means, but the availability and acceptance of a particular method still depend on the institution and transaction.

Is a Romanian notary always required?

No. Notarial involvement is not a universal requirement for every remote Romanian incorporation. It may nevertheless be necessary or useful for a particular power of attorney, foreign public document, contribution, identity issue or transaction-specific formality.

The correct answer depends on the document, the country where it is issued and the chosen filing route. For foreign founders, the practical question is usually not “Do I need a notary for the company?” but “Which document, if any, needs notarisation, apostille or legalisation, and in which country?”

How long does remote incorporation take?

Romanian law provides a short decision period for a complete Trade Register application, but that is not a guaranteed end-to-end formation time. Document collection, foreign formalities, translations, corrections, registered-office arrangements and bank checks sit outside that narrow decision window.

Under Articles 105 and 107 of Law No. 265/2022, the registrar generally resolves complete applications on documents within one working day and, when the legal requirements are met, orders registration according to the statutory procedure. Procedural exceptions, requests for additional evidence or a need to remedy the file may affect this stage. The one-working-day period should not be advertised as the total time needed by a foreign founder.

If the file is incomplete or does not meet the legal requirements, Article 106 allows a remedy or completion period of up to 15 calendar days. The practical schedule should therefore separate:

  • preparation time for the corporate structure and registered office;
  • time for foreign documents, apostille or legalisation and translation;
  • the Trade Register review of a complete filing;
  • time needed to cure any filing defect; and
  • post-incorporation bank, accounting, tax and licensing steps.

Is the bank account part of the online incorporation?

No. Company registration and bank onboarding are separate processes. Incorporation by the Trade Register does not compel a bank to open an account remotely or remove its customer due-diligence requirements.

Each bank decides what identification, beneficial-owner, source-of-funds and business-model evidence it needs. Some institutions offer remote onboarding in eligible cases; others may request a video identification, additional documents or physical attendance. Founders should compare banking routes early, especially where the ownership chain is international or the activity carries heightened compliance risk. See our guide to opening a Romanian business bank account as a non-resident.

What most often delays a remote filing?

Common error 1

Signing before the route is confirmed. The founder signs documents that later require a different form, signature or authentication.

Common error 2

Using inconsistent identity or corporate data. Names, addresses, registration numbers or signatory capacities differ across extracts, translations and the articles of association.

Common error 3

Treating the bank as part of ONRC registration. The company is incorporated, but operations are delayed because bank onboarding was not planned separately.

Common error 4

Choosing activities without checking authorisations. A company may be registered while its actual regulated activity still requires a permit, approval or professional condition.

Remote formation checklist for a foreign founder

  1. Confirm the Romanian entity, ownership, administrators and business activities.
  2. Choose the online filing or legal-representation route before signing documents.
  3. Check each foreign document for issue date, apostille or legalisation and Romanian translation.
  4. Secure a compliant registered office and align the supporting document with the intended filing.
  5. Map the beneficial owners through the complete international ownership chain.
  6. Verify the signature and authority of every shareholder, administrator and representative.
  7. Submit one consistent, complete file through the National Trade Register Office route.
  8. Plan banking, accounting, tax and sector-specific compliance as separate workstreams.

The bottom line

Remote company formation in Romania is a workable route for many foreign founders, but it is not a single universal online form. The successful approach coordinates Romanian incorporation requirements with the founder’s home-country documents, a valid signing or representation route, registered-office evidence and separate post-registration onboarding.

Frequently asked questions

Can a foreigner open a company in Romania without travelling there?

Often yes. The filing can be completed electronically or through a properly authorised representative. The final route depends on the founder’s documents, their country of issue, the signing method, identity checks and the requirements of any bank or regulated authority involved after incorporation.

Does every foreign founder need a Romanian electronic signature?

No. A qualified electronic signature may support electronic filing, but acceptance also depends on the technical and procedural requirements imposed by the National Trade Register Office. Legal representation can provide another remote option, provided that the power of attorney satisfies the requirements applicable to the filing and place of execution.

Does a remote incorporation always require a notarised power of attorney?

No universal rule applies to every file. The required form depends on the representative’s acts, the document, the country of execution and applicable Romanian and international formalities. Some powers or foreign documents may require notarisation, apostille or legalisation; others may follow a different route.

Can the Romanian Trade Register ask a founder to appear in person?

Exceptionally, yes. Article 105 of Law No. 265/2022 permits a request for physical presence where there is a suspicion of identity falsification. The law also provides that presence is not required when the application and supporting documents, including the articles of association, were drawn up by a public notary or lawyer.

Is a Romanian bank account opened automatically after registration?

No. The Trade Register incorporates the company, while the chosen bank conducts its own onboarding and compliance review. Remote availability varies by bank and case, especially for non-resident founders, foreign corporate shareholders and complex beneficial-ownership structures.

How long does remote company formation in Romania take?

The registrar’s statutory decision period for a complete application is not the same as the total project time. Foreign-document formalities, translations, registered-office arrangements, corrections and bank onboarding can extend the schedule. A realistic estimate requires review of the specific founders and documents.

Planning to establish a Romanian company remotely?

Atrium Romanian Lawyers assists foreign individuals and international companies with structuring, document preparation, powers of attorney, Trade Register filings and coordinated post-incorporation steps.

Discuss your remote formation route

AI Notice: AI-assisted content, reviewed by a qualified Romanian lawyer.

Regulations governing foreign investments in Romania

Regulations governing foreign investments in Romania

In 2023, Romania gave 105 clearances for foreign direct investments.

This shows the growing interest in Eastern Europe’s economy.

Knowing the rules for foreign investments in Romania is key for investors.

foreign investments in Romania

Romania’s rules for foreign investment have changed a lot.

This is to balance economic growth with national security.

Stricter rules for non-EU investors started in April 2022.

These changes follow European trends and change the investment landscape in Romania.

Understanding Romania’s investment rules is crucial.

You need to know about the new screening process and how it treats EU and non-EU investors differently.

This guide will help you understand Romania’s foreign investment regulations.

It will aid in making smart investment choices in Romania.

Key Takeaways

  • Romania introduced stricter FDI rules in April 2022, particularly for non-EU investors.
  • A minimum investment value of €2 million triggers mandatory screening in sensitive sectors.
  • The FDI Screening Commission (CEISD) oversees the review process for foreign investments.
  • Strategic sectors under scrutiny include critical infrastructure, national security, and financial systems.
  • EU investors generally face a shorter screening period compared to non-EU investors.
  • Significant penalties can be imposed for non-compliance with FDI regulations.
  • Recent amendments have strengthened the enforcement mechanisms for FDI rules.

Overview of Romania’s Foreign Investment Framework

Romania’s foreign investment framework has changed a lot, shaping its economy.

The country works hard to make it easy for businesses to thrive.

It has a strong legal system and regulatory bodies to support this effort.

Current Investment Climate

Romania’s economy has grown steadily, with a 4.1% increase in 2022 and 2.1% in 2023.

It has a big market with 19 million consumers. In 2022, foreign investment reached $11.2 billion, a 6.6% increase from the year before.

The total foreign investment stock is $116 billion, which is 38.4% of its GDP.

Romania's investment incentives

Key Regulatory Bodies

Several groups watch over Romania’s investment rules:

These bodies make sure investments follow national security and public order rules.

They also follow EU laws.

Historical Development of FDI Regulations

Romania’s FDI rules have changed a lot, especially in 2022 and 2023. Important updates include:

  • Introduction of EU investor definitions;
  • New rules for investment screening;
  • A $2.17 million threshold for investment reviews.

These changes show Romania’s effort to attract foreign investment while protecting its interests.

The rules keep getting better, aiming to attract more investment while keeping things in check.

Legal Foundation for Foreign Investments in Romania

Romania’s laws for foreign investments have changed a lot.

This has made the country more welcoming to foreign investors.

The country’s laws and recent updates show its strong desire to attract foreign investment.

Primary Legislative Acts

The main laws for foreign investments in Romania are Law no. 164/2003 and Government Emergency Ordinance (GEO) no. 46/2022.

These laws set the stage for investment opportunities in Romania.

They also outline the rules for investing abroad.

Romania investment climate

Recent Amendments and Updates

In 2023, Romania made important changes to improve its business environment.

These updates include defining “EU Investors” and giving more power to the FDI Screening Commission.

Now, investments over €2 million must be reviewed under GEO no. 46/2022.

EU Regulation Integration

Romania has made its policies match EU standards by adopting FDI Regulation 2019/452.

This step makes the business environment stronger while following EU rules.

It helps attract investments while protecting Romania’s interests.

Foreign investors should know that not following GEO no. 46/2022 can lead to fines up to 10% of their global turnover.

These rules, in effect since April 18, 2022, show Romania’s dedication to responsible foreign investment.

Foreign Investments in Romania: Screening Process

Romania’s rules for foreign investments have changed a lot.

This affects how companies enter the Romanian market.

A new law, starting on July 18, 2024, now checks both EU and non-EU investors.

This changes the business landscape in Romania.

Now, any investment over €2 million in key sectors must be checked.

The FDI Screening Commission (CEISD) and the Romanian Competition Council are key in this.

Investors must give all needed info in 15 days.

CEISD then has 60 days to give an opinion.

Foreign investments screening process Romania

EU and non-EU investors have different timelines.

The Competition Council can clear EU investments in 10 days. For others, it’s 30 days.

This quick process for EU investors helps balance security with economic growth.

Investor TypeScreening FeeClearance Decision Timeline
EU Investors€10,00010 calendar days
Non-EU Investors€10,00030 calendar days

The screening looks at how investments affect national security and order.

Breaking these rules can lead to fines up to 10% of an investor’s global sales.

This shows how crucial following these rules is for entering the Romanian market.

Strategic Sectors Under Government Scrutiny

Romania closely watches certain sectors for foreign investment.

This helps balance business opportunities with national security.

Investments in key areas are carefully checked to match the country’s goals.

Critical Infrastructure

Romania’s infrastructure is a big focus for foreign investment.

The government keeps a close eye on energy, transport, and communications.

These sectors are crucial for growth and security.

Investors in these projects must follow strict rules.

National Security Sectors

Industries linked to national security get extra attention.

This includes weapons, ammunition, and toxic substances.

Workers in these fields need strict security checks.

Investments in these areas are thoroughly reviewed to protect national interests.

Financial and Banking Systems

The financial sector, like banking and insurance, is very important.

Tax incentives draw foreign investors here.

But, the Government watches these investments closely.

This is to keep the economy stable and secure.

Strategic SectorKey Focus AreasInvestment Scrutiny Level
Critical InfrastructureEnergy, Transport, CommunicationsHigh
National SecurityDefense, Weapons ProductionVery High
Financial SystemsBanking, InsuranceModerate to High

Knowing these strategic sectors is key for foreign investors in Romania.

While welcoming international business, Romania balances investment with national security.

Investment Thresholds and Requirements

Romania, a growing market in Eastern Europe and part of the EU, has clear rules for foreign investments.

These rules help attract investors while protecting the country’s interests.

Minimum Investment Values

The Romanian government has set a EUR 2 million minimum for foreign direct investments (FDI) in certain sectors.

Investments over this amount need government approval.

But, even smaller investments might be checked if they could affect national security or public order.

Documentation Requirements

Investors need to gather detailed documents for FDI screening.

These must be in both Romanian and English for the CEISD (Competition Council and Foreign Investments Screening Directorate).

Important sectors include energy, transport, critical infrastructure, and financial systems.

Compliance Standards

Romania’s FDI rules follow EU standards but also consider national security.

Investors from outside the EU or EU entities controlled by non-EU interests are checked more closely.

It’s important to provide accurate information to avoid big fines.

AspectRequirement
Investment ThresholdEUR 2 million
Application LanguagesRomanian and English
Review TimelineUp to 135 calendar days
Non-compliance FineUp to 10% of worldwide turnover

Review and Approval Procedures

Foreign investors looking to invest in Romania must go through a detailed review process.

This is key for FDI in Romania and helps shape the investment climate.

The review process has three main stages:

  1. Initial filing;
  2. CEISD review;
  3. RCC decision-making.

For simple cases, the timeline depends on where the investor is from.

Non-EU investors might wait up to 135 days, while EU investors could wait 70 days.

More complex cases, like those involving national security, might need extra review by the Romanian Government.

A standstill rule means investors can’t start their projects until they get approval.

As of December 2023, a €10,000 filing fee was introduced.

This fee is refundable if the investment doesn’t fall under the law’s scope.

Investor TypeReview TimelineInvestment Threshold
Non-EUUp to 135 days€2 million+
EUUp to 70 days€2 million+

The review process is for investments over €2 million in sensitive sectors.

These include energy, transport, critical infrastructure, IT, and finance.

Investors get benefits like a quick process for simple cases and clear rules to follow.

Sanctions and Enforcement Measures

Romania’s foreign investment scene has changed, affecting joint ventures and mergers.

The country has put in place strict rules to follow its investment laws.

Penalties for Non-compliance

Investors who break Romania’s investment rules face big penalties.

They can be fined up to 10% of their global sales.

These fines are for breaking rules like finishing deals too early or giving wrong info.

Regulatory Oversight

The FDI Screening Commission watches over foreign investments.

They can suggest canceling deals that might harm national security.

The Romanian Competition Council also checks to make sure the market is fair.

Appeal Procedures

Investors can appeal if they disagree with a decision.

This lets them challenge fines or bad rulings.

It tries to balance what’s good for investors with what’s good for Romania.

InfractionPenalty
Premature deal completionUp to 10% of worldwide turnover
Providing inaccurate informationFines and potential deal nullification
Failing to file for FDI clearanceAgreement considered null and void

Romania’s privatization program has drawn a lot of foreign interest.

But, investing in Romanian businesses means you have to know the rules.

It’s key for doing well in joint ventures and acquisitions in Romania’s changing market.

Special Provisions for EU vs Non-EU Investors

Romania has set up special rules for foreign investors.

These rules differ for EU and non-EU investors.

The goal is to attract more money from abroad while protecting Romania’s interests.

EU Investor Benefits

EU investors get a quick review in Romania.

This is for EU citizens and companies based in EU countries.

It makes it easier for them to invest in Romania.

Non-EU Investor Requirements

Non-EU investors have to go through a tougher check.

Any investment over €2 million in key areas needs a review.

This includes new projects, changes to current investments, and deals in critical areas.

Differential Treatment Aspects

The rules show clear differences in how investors are treated.

EU investors get a quicker review, while non-EU investors face longer waits.

For big investments in key sectors by non-EU investors, the EU Commission must agree first.

AspectEU InvestorsNon-EU Investors
Screening ProcessFast-trackMore stringent
Review PeriodShorterLonger
Investment ThresholdLower scrutiny€2 million in sensitive sectors
Strategic Sector InvestmentLess restrictivePrior consent for €2 billion+

Romania wants to draw in foreign investment but also keep control over important areas.

The rules aim to balance foreign money with national security.

They follow EU rules but also protect Romania’s interests.

Conclusion

Romania’s business climate has seen big changes, affecting its investment policies and chances.

Despite the COVID-19 pandemic, Romania’s economy has bounced back.

In 2021, its real GDP grew by 5.9% after a 3.9% drop in 2020.

This shows Romania’s strong potential for investors looking for new markets.

Romania’s investor relations have improved lately.

The creation of the Romanian Agency for Investment and Foreign Trade (ARICE) in 2023 shows the country’s effort to draw in foreign capital. In 2022, U.S.

Foreign Direct Investment in Romania reached $2.9 billion.

This makes Romania a great choice for international investors.

Romania also gets a lot of EU funding. It’s set to get up to $83.5 billion in EU funds by 2030.

A big part of this will go to green projects and digitalization.

This funding makes it easier for investors to find opportunities in sustainable and tech sectors.

When exploring Romania’s investment scene, keep up with new rules.

Now, investments over $2.17 million need to go through screening reviews.

These rules help protect national interests and ensure clear investor resources.

By staying updated and following the rules, you can make the most of Romania’s growing economy.

 

Our team of lawyers in Romania has a longstanding history of providing commercial legal services to both companies and individuals.

Our Romanian lawyers boast a robust and successful history of resolving a wide range of commercial legal issues and fulfilling various needs.

Our Romanian Law Office provide guidance to businesses of all sizes, from small and medium enterprises to large corporations.

Whether you require legal support for commercial transactions, dispute resolution, compliance issues, or personal matters, we are here to confidently guide you through the process. Please contact us, directly, for further information.

FAQ

What are the recent changes in Romania’s foreign investment regulations?

Romania made stricter rules for non-EU investors on April 18, 2022.

They introduced a new review process.

This process now covers more types of investments, including new projects and changes to existing ones.

In 2023, they also defined “EU Investors” more clearly.

They gave the FDI Screening Commission more power to review investments.

What are the key regulatory bodies overseeing foreign investments in Romania?

The main bodies are the FDI Screening Commission (CEISD), Romanian Competition Council (RCC), and the Romanian Government.

They work together to check and approve foreign investments, especially in key sectors.

What is the minimum investment value that triggers mandatory screening in Romania?

Investments worth at least €2 million need to be reviewed.

But, even smaller investments might be checked if they could affect national security or public order.

Which sectors are considered strategic and under government scrutiny in Romania?

Key sectors include critical infrastructure, energy, transport, communications, financial services, and national security.

The CSAT Decision lists 13 sensitive areas, like security, border security, and energy security.

How long does the review process typically take for foreign investments in Romania?

For simple cases, it takes up to 135 days for non-EU investors and 70 days for EU investors.

But, if there are national security concerns, it could take longer.

What are the penalties for non-compliance with Romania’s foreign investment regulations?

Breaking the rules can lead to fines up to 10% of the investor’s worldwide turnover.

Penalties apply for several reasons, including providing wrong information.

From July 2024, not filing for FDI clearance makes agreements null and void.

Are there different provisions for EU and non-EU investors in Romania?

Yes, EU investors get a quicker review process.

The definition of EU investors includes EU nationals and companies in EU Member States.

Non-EU investors face stricter checks and longer review times.

What documentation is required for the foreign investment screening process in Romania?

You need to provide detailed info about the investor, the investment, and its impact on sensitive sectors.

Giving accurate and complete information is crucial to avoid fines.

Is there a filing fee for the foreign investment screening process in Romania?

Yes, a €10,000 fee was introduced in December 2023.

This fee is returned if the investment doesn’t need to be reviewed.

How does Romania’s foreign investment framework align with EU regulations?

Romania’s rules now follow EU FDI Regulation 2019/452.

This ensures Romania’s policies match EU standards.

The goal is to attract foreign investment while protecting national interests and following EU directives.