It is possible to change the directors of a limited liability company or a joint-stock company in Romania at any time.
However, any such change needs to be registered at the Trade Registry in Bucharest. To avoid any ambiguities, associates should take extreme caution when appointing new directors. The following are some of the conditions that should be met: the director should not have a criminal record and should not have been incapacitated or sentenced for fraudulent management, breach of trust, forgery, use of forgery, breach of trust, embezzlement, perjury, bribery, tax evasion, any other patrimony related crimes or corruption crimes.
This will ensure that the collaboration with the new directors is as smooth as possible.
Change of Director file: The procedure before the Romanian Trade Registry usually takes three days. If you want to change the administrator of your Romanian company, you can hire a specialized corporate law firm. They will guide you through the entire procedure. Typically, this process will take 3 working days.
A business in Romania is a great choice if you want to set up a company in a country with a low bureaucracy. This is an excellent option for a foreign investor wishing to establish a company in a small, fast-growing market. Moreover, there are many advantages to using a Romanian trade registry for your business. It will ease your business operations, allow you to register more companies and earn more money.
Choosing a Romanian company is a good investment, as the country is home to a number of multinational groups that are operating in the country. Most of these companies are owned, and operated by Romanian and foreign citizens