Ease of Doing Business in


Romania Download Profile (1966.5KB, pdf)
Region Europe & Central Asia
Income Category Upper middle income
Population 19,832,389
GNI Per Capita (US$) 9,500
City covered Bucharest



DB 2017 Rank



DB 2017 DTF (% points)

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Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 36 35 down
74.26 74.12 down
Starting a Business 62 51 down
89.48 90.46 down
Dealing with Construction Permits 95 95
68.67 68.38 up
Getting Electricity 134 134
56.48 56.44 up
Registering Property 57 56 down
71.11 71.29 down
Getting Credit 7 7
85.00 85.00
Protecting Minority Investors 53 51 down
60.00 60.00
Paying Taxes 50 54 up
81.64 80.34 up
Trading across Borders 1 1
100.00 100.00
Enforcing Contracts 26 26
71.08 71.08
Resolving Insolvency 49 50 up
59.16 58.21 up

Positive=Doing Business reform making it easier to do business. Negative=Change making it more difficult to do business.

DB 2017 Rank: 62

DB 2016 Rank: 51

Change in Rank: down11

DB 2017 DTF (% points): 89.48

DB 2016 DTF (% points): 90.46

Change in DTF (% points): up0.98

Indicator Romania Europe & Central Asia OECD high income
Procedure – Men (number) info_outline 6.0 4.9 4.8
Time – Men (days) info_outline 12.0 10.2 8.3
Cost – Men (% of income per capita) info_outline 2.0 4.7 3.1
Procedure – Women (number) info_outline 6.0 4.9 4.8
Time – Women (days) info_outline 12.0 10.2 8.3
Cost – Women (% of income per capita) info_outline 2.0 4.7 3.1
Paid-in min. capital (% of income per capita) info_outline 0.6 4.0 9.2
No. Procedure Time to Complete Associated Costs

Evidence of verification of company name availability and reservation thereof

Agency: Commercial Registry

According to the Methodological Norms on keeping the trade register, making reservations and release of information:
- The reservation of a company name is requested at the trade register office by application and is checked and made at national level so that company names are protected at national level as well.
A company name shall not include words like: ”științific”, ”academie”, ”academic”, ”universitate”, ”universitar”, ”școală”, ”școlar” or their derivatives.
- A company name including words like ”național”, ”român”, ”institut” or their derivatives or words or phrases characteristic of the central or local public institutions or authorities may be used only with the approval of the General Secretariat of the Government or the Prefect. Such certificate is valid for a period of 3 months.
1 day RON 72

Deposit funds in a bank and obtain a document confirming bank deposit of sufficient funds

Agency: Bank

The company's administrator or an authorized person must deliver certified copies of: (i) the name availability certificate, (ii) Articles of Incorporation, (iii) proof of the registered offices and (iv) the power of attorney (if applicable). After the documents are being reviewed by a bank's representative, the deposit is granted and the administrator/authorized person will receive a document confirming the deposit of sufficient funds.

The bank may charge the solicitants a commission, which may range from zero to 0.5% of the capital, in accordance to the internal regulations of each bank.
1 day no charge

Company registration at the Commercial Registry

Agency: Commercial Registry

In order to register at the Commercial Registry, the founders of the company shall have to prepare the articles of incorporation. Within 15 days from the establishment of the articles of incorporation, the founders or their mandates shall be under the obligation to register the company at the trade register in the area of the company's registered office. The articles of incorporation shall include, inter alia, the amount of the capital, which shall be fully subscribed by the founders.

The trade register office also obtains electronically the fiscal record certificates. Registration at the trade register office is finalized by issuance of the certificate of incorporation ensures the following:
- company incorporation
- fiscal registration (for profit, wages, health, pensions, unemployment taxes) by obtaining the unique registration code from the Ministry of Public Finance
- authorization, based on statements of own responsibility, in the field of food safety and sanitary-veterinary protection, environment protection and labor protection
- publication in the Official Gazette of Romania as legal publicity.
Registration for VAT purposes is made at the Fiscal Administration Authority directly.
Based on Government Emergency Ordinance no. 116/2009 instituting certain measures regarding the activity of registration in the trade register, in order to simplify the registration procedures, the final approval for incorporation is no longer given by a delegated judge, but by the director or the appointed person of the territorial trade register office in the county where the company is incorporated, Bucharest in our case study.

Cost details: RON 585.5 = (RON 250 registration fee + 50% liquidation fund fee and 10% insolvency bulletin fee) + RON 31.50 fee for publication in the Official Gazette of Romania + (RON 100 fiscal record certificates (RON 20 per partner) + 50% liquidation fund fee) + RON 4 (fiscal stamp fee)
3 days see procedure details

Acquisition of the company's Unique Registry for Controls

Agency: National Agency of Tax Administration (local office)

According to the law, all legal entities registered in the Trade Registry have the obligation to purchase such a Registry for each of their seats (primary or secondary seats). The Registry must be purchased within 30 days after the company is registered at the Trade Registry. If not, the company may be subject to penalties. The registry can be purchased the same day with no previous application requested, from the local offices of the Tax Administration. The company tax registration certificate is needed for the acquisition of the Registry and a copy of the lease for the space in which it operates.

The Registry is used to record all inspections carried out by different control bodies: financial, consumer protection, urban planning, labor, fire protection etc.
1 day RON 31
* 5

Register for VAT

Agency: National Agency of Tax Administration

Starting from January 1st, 2016, a new procedure for VAT registration purposes was introduced. If a company requests the VAT registration at the moment of incorporation, Form 098 "Application for VAT registration purposes" and Form 088 "Affidavit for assessing the intention and capacity to perform economic activities which are subject to VAT" must be submitted to the Tax Authorities.
According to the recently introduced procedure, the above forms must be submitted in-person to the Tax Authority's registry or by post.
In addition, the Form 088 shall be completed using the software support provided by the National Agency of Fiscal Administration which can be downloaded from the website www.anaf.ro. The Form 088 and the attached documentation (necessary for the assessment of the applicant's capacity and intention to perform operations which are subject to VAT) which is uploaded on a CD shall be submitted in-person to the Tax Authority's registry.
The changes amended the existing forms, in particular Form 088 by setting several criteria for performing the assessment of the applicant's capacity and intention to perform operations which are subject to VAT. Solicitants need to provide a considerable amount of information when completing Form 088, which after submission needs to be evaluated by the tax authority. The VAT certificates are issued by the relevant fiscal administration departments.
1 week (simultaneous with previous procedure) no charge
* 6

Register the employees contracts with the Territorial Labor Inspectorate (TLI) online

Agency: Territorial labor inspectorate

Each employer shall be under the obligation to settle an internal general register record of all of his employees, in electronic format, which shall be transmitted to the Territorial Labour Inspectorate in the jurisdiction the employer has its registered office or domicile.

The registration of the employees' labor contract can be done online, after a representative of the employer obtains a password for operating the online registry from the Territorial Labour inspectorate. This is based on the Government Decision 500/2011 on the general register of employees record, applicable starting with May 27, 2011.
1 day (simultaneous with previous procedure) no charge

* Takes place simultaneously with another procedure.