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Both foreign legal persons and foreign natural persons can hold shares in Romanian limited liability companies. This possibility must be taken into account by foreign people at the moment of incorporation of a limited liability company in Romania. They can either chose to directly hold the shares, or to hold the shares through a foreign legal entity which they control.

The second option comes of particular interest when the investor decides that its share capital in the Romanian limited liability company is to be held through an International Business Company incorporated in Cyprus, British Virgin Islands, Isle of Man, Malta, or other so-called “tax havens”. It is to be observed that Romanian law does not prohibit the companies incorporated in these “tax haven” jurisdictions to hold shares in Romanian limited liability companies.

The minimum share capital of a Romanian limited liability company has a value of 200 (two hundred) Romanian Lei which is equivalent to approximately 45 (forty five) Euro or to 65 (sixty five) US Dollars. The minimum value of one share in a Romanian limited liability company is of 10 Romanian Lei. Both the share capital’s value and also the value of an individual share can be increased without limitation.

A foreign investor can pay the share capital of a Romanian limited liability company in any currency it wants under the condition that there is complied with the minimum amount to be paid, i.e. 200 (two hundred) Romanian Lei. The conversion rate which will be applied is the one of the Romanian National Bank.

A foreign investor can also pay the share capital of a Romanian limited liability company in goods (for example, but not limited to: computers, automobiles, equipments, etc.). These goods are to be evaluated and their resulting value shall be taken into account when calculating the total share capital and the participation of the subscriber of such goods.
The incorporation of a Romanian limited liability company can be made even without the physical presence of the foreign investor in Romania. By contacting the right professionals in Romania a foreign investor can have its Romanian limited liability company incorporated in maximum 7 (seven) business days from the moment when all the documents needed are provided to these professionals. All communication (including the provision of documents) can be done through e-mail, phone, fax and international courier.

From the above it clearly results that the legal means to invest in Romania are very flexible. This flexibility, corroborated with the fact that Romania is a member of the European Union and as such is presently undergoing an accelerated development program, constitute an appealing opportunity to invest here and to develop a successful business.