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Establishing a LLC or LTD in Romania
One of the best options for carrying out economic activities in Romania is the establishment of an LLC or LTD (in Romania, they are both called „SRL”). But what are the steps for establishing a Limited Liability Company? Well, the first step is choosing a name, so in order to establish a company, you must reserve a name for
The mistake of companies – not aligning international procedures with national requirements
With the massively spread of multinational companies in the last 10 or so years, we could see more and more clearly that national branches follow exactly the directives of the headquarters taking into account very little or not at all the national legislation of the state where the branch is located. How does it really work? Large companies set a
Alternative Dispute Resolution in Romania
The main dispute resolution approaches used in Romania in order to solve commercial disputes are: Court litigation Mediation Arbitration Court litigation Is the most recognized and used method nowadays. It regards a claimant that presents a claim to the court against a defendant leading to a start of legal proceedings. The decision taken by the court panel is
The consent trap of pre-ticked clauses: the ECJ’s judgment in Case C-61/19
The European Court of Justice’s legal interpretation, following a dispute between the mobile telecommunications services provider Orange România SA and the Romanian National Data Protection Authority (“Autoritatea Naţională de Supraveghere a Prelucrării Datelor cu Caracter Personal”), shed light on an interesting aspect of the consent of those concerned. The ECJ’s judgment of 11 November 2020 served to reiterate the interpretation
Cybersecurity and the NIS Directive
On 10th of December, Bucharest has been selected as the site of the new European Cybersecurity Competence Centre, having as main duty the distribution of EU and national funding for cybersecurity research projects across the bloc. In the light of these innovative events, a better understanding of the concept of cyberlaw and its applicability in Romania is desired. On 6th
Legal steps to establish a company in Romania
The most important thing to consider when launching your own company in Romania is what type of enterprise suits the activity to be carried out. The most popular choice is a Limited Liability Company (SRL), considering that the taxes are quite low, respectively 3% tax on revenue or 1% if you have at least one full time employee. Also, this
How to obtain a work permit for a foreign citizen
Given the current economic and social context of labor relations, more and more employers are facing the challenges of Romanian labor market. Thus, the Romanian employers have chosen to cover this deficit by hiring foreign citizens from outside the European Union and the European Economic Area, but in order to do so, a bureaucratic procedure before the Inspector General for
Employing people from countries outside the EU
The great majority of citizens of non-EU countries need a work permit to be entitled to work in Romania. The person concerned has to apply for and receive their permit before travelling to Romania, but in certain circumstances an application can be submitted after the person has entered in our country. The professional activity of foreign citizens on national territory
How can non-disclosure agreements protect your intellectual property rights?
Companies nowadays have to be as innovative as possible in order to be successful in today’s competitive market. Therefore, at the root of every successful business lays the proprietary information that makes the company unique, giving it competitive edge and a better position than the competition. Some examples of business information are: technological information about the company’s product, prototypes or
Significant changes in public procurement.
Significant changes in public procurement. Creating procedures for the urgent resolution of public procurement disputes in Romania. Due to the COVID-19 pandemic, public authorities have been under pressure to rapidly change the way they work to keep their staff and citizens safe and at the same time provide extraordinary levels of support to their communities during the crisis. For
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