On the 2nd of July 2020, after an almost six month wait, the law
that allows for the de-bureaucratisation of company incorporations
in Romania, was finally published in the National Gazette. The law
entered into force on the 5th of July 2020, making it easier to
incorporate a Romanian company.
The law brings with it three major changes:
- The elimination of the limitation
that a natural or legal person may be a sole shareholder in only
one limited liability company. As a result, any natural or legal
person may be a sole shareholder in any limited liability company,
including when the sole shareholder of the legal entity is also a
limited liability company with a sole shareholder;
