Cession ( sale) of shares of a company in Romania

Have you decided to sell your business? Or are you looking at buying a business? If so, what’s involved in doing this?

Here we provide a our perspective on matters related to the sale or purchase of an owner-managed business.

What it is that you’re actually selling or buying? This may seem like an unnecessarily obvious question, but it must be answered thoroughly. The answer will define much of what’s contained in an agreement for the sale of a business.

Buying and selling “shares” in a business

Company creation in romania made easy

With hundreds of companies established on behalf of our foreign clients, we offer the fastest and simplest option to set up Romanian companies at the lowest fees.

Moreover, such will be done by our professional lawyers, the only ones licensed in Romania to carry out a company formation. Your presence in Romania is not required.

We will draft all the necessary documentation, in bilingual Romanian-English so that you understand everything. You will only need to sign such documents  and soon your company will be up and running.

Buying real estate land and buildings in Romania

Planning expansion in Romania???  Do you want to buy real estate or land???

We are here to support you.

Real estate can be acquired in two ways:

•        Directly, e.g. by acquiring the real estate (asset deal)

•        Indirectly, e.g. by acquiring a corporation owning real estate (share deal).

In either case, there is no stamp duty or tax. The only fees are these related to the notary and registration (Land Book/Commercial Registry) requirements.

Land  tax are varies depending on local council decisions.

Agricultural consulting in Romania and land aquisition in Romania

The agricultural economy represents the foundation of the Romanian civilization, this being over the centuries the source of existence but also the instrument of progress on these places. In recent years, Romanian agriculture has experienced a spectacular economic evolution and a technological transformation benefiting from significant investments through the common agricultural policies of the EU.

Recruiting engineers in romania for romania and europe

At EU level, the number of job vacancies is constantly increasing. With the recovery of the economy, there has been a steady increase in the vacancy rate in the European Union, with a different dynamic, however, in the Member States.

Professionals are a long-term investment

A long-term trend of increasing the use of capital can be seen from this perspective:

FOREIGN INVESTMENT IN ROMANIA INDIVIDUAL LABOR CONTRACT IN ROMANIA

The individual employment contract is regulated by Law no. 53/2003 of the Labor Code.

An important aspect to be mentioned is that the minimum age to be able to work and have an individual employment contract is 16 years, as provided in the Labor Code. An individual employment contract can also be concluded for people who are 15 years old, but only with the consent of their parents and only if the work performed does not endanger their health and professional development.

How to conclude an individual employment contract in Romania

As specified in the Labor Code, the employment contract must be concluded in writing. The steps to be followed when concluding an individual employment contract begin with the actual drafting and handing over a copy to the employee. In order to prove that he received a copy, the employee must write on the contract that remains with the employer that he received an original copy, along with the signature and date.

More info: frjacons@telenet.be

New law from 13 October 2020 in place in Romania for foreigners on buying agricultural land.

New provisions on the sale of farmland located outside of the buildable areas is installed as per 13 October 2020.

As per 13 October, the foreigners can still buy agricultural land if they buy a company via a share deal. Other transactions are not possible any more for foreigners. Romania has put as single European country a limit for European citizens and other foreigners. Not very correct towards the citizens of Europe in my opinion.

Payroll and HR services in Romania 14 years of experience

We provide Payroll and  HR  services for over 14 years on the Romanian market and internationally.

Ensure a better administration of your employee documents and payrolls in Romania! We are ready to take over the administrative burden, by offering you the following services and online solutions:

 

Why You Should Use Our Business Center in Romania

WHO WE ARE?

We are  the first independent business center  in Buzau, Romania,  which shortens the route between office-seekers for their business in Romania. It facilitates the office renting process with cost-effectiveness, brings office market transparency and helps you in the process of incorporation of your company in Romania.

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