Romania

Ease of Doing Business in

Romania

This page shows summary Doing Business 2012 data for Romania. The first table lists the overall "Ease of Doing Business" rank (out of 183 economies) and the rankings by each topic. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

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Economy Summary
Starting a Business
Dealing with Construction Permits
Getting Electricity
Registering Property
Getting Credit
Protecting Investors
Paying Taxes
Trading Across Borders
Enforcing Contracts
Resolving Insolvency
Region Eastern Europe & Central Asia
Income Category Upper middle income
Population 21,449,980
GNI Per Capita (US$) 7,840.00
Doing Business 2012 Rank Doing Business 2011 Rank Change in Rank
72 65 down -7
Topic Rankings DB 2012 Rank DB 2011 Rank Change in Rank
Starting a Business 63 31 up -32
Dealing with Construction Permits 123 122 up -1
Getting Electricity 165 164 up -1
Registering Property 70 64 up -6
Getting Credit 8 8 No change
Protecting Investors 46 44 up -2
Paying Taxes 154 151 up -3
Trading Across Borders 72 49 up -23
Enforcing Contracts 56 54 up -2
Resolving Insolvency 97 109 up 12

Economy Profile

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Starting a Business

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The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2012 Rank 63 DB 2011 Rank 31 Change in Rank down-32
Indicator Romania Eastern Europe & Central Asia OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

View methodology Procedures (number)
6 6 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

View methodology Time (days)
14 16 12

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

View methodology Cost (% of income per capita)
3.0 8.3 4.7

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

View methodology Paid-in Min. Capital (% of income per capita)
0.8 10.0 14.1
No. Procedure Time to Complete Associated Costs
1 Obtain a certificate from the Trade Registry proving the availability of the proposed company name and make a reservation of the name 1 day RON 64
2 Deposit funds in a bank and obtain a document confirming bank deposit of sufficient funds 1 day bank commission ranges from zero to 0.5% of capital.
3 Obtain a certificate from the fiscal administration agency giving clearance for the headquarter of the offices 5 days no charge
4 Register with the Unique Office (Biroul Unic) of trade registry Registrul Comertului (BASC), Bucharest Tribunal; obtain court registration, publication of notice, and registration for statistical purposes and social security 3 days RON 120 (registration fee) + RON 30 for each mandatory element of the basic information of the company to be registered, such as social capital, firm, associates, administrators, headquarters, main object of activity + RON 100 for each 2,000 characters publication fee in the Romanian Official Gazette + RON 30 for filing with the Trade Registry ("ascertaining certificate") + liquidation fund fee (50% of taxes applied by the Trade Registry offices) + RON 10 (Single Registration Code) + bulletin fund tax (5% of taxes applied by the Trade Registry offices) + RON 10 (fee for Trade registry to send the documents that need publishing to the Romanian Official Gazette)
5 Register for VAT 3 days no charge
6 Register the employees contracts with the Territorial Labor Inspectorate (TLI) online 1 day no charge
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