|
|
Starting a business in Romania
Opening an Account with a Romanian Bank
|
|
As most of the formalities and procedures for opening an account are still conducted in paper form, the physical presence of the beneficiary or representative is required.
|
The Capital Account: Required Documentation
|
- The project of Incorporation Deeds of the Company (prepared by a local lawyer), including details of the reason of the company.
- A mandate signed by the shareholders or directors of the future company whereby a specific individual is nominated to act as representative for the company.
|
 |
Once the capital account is opened and the company is registered with the Trade Register (usually possible within two weeks), a current account can be made available for normal business operations or activity.
|
The Current Account: Required Documentation
|
- Authorisation to set up a business by the Judge at the Trade Register.
- Registration certificate issued by the Trade Register.
- Operating authorisation for those companies whose activity requires a special authorisation
(e.g. securities companies, investment funds, banking, insurance, leasing, transportation, foreign
exchange, gambling companies…).
- Certified copies of the identification cards (e.g. passports) of all the authorized bank signatories for the
company.
- A signed and completed Bank Account Opening Form, as well as a completed signature(s) specimen
slip for the abovementioned authorized bank signatories.
- Final Company Incorporating Deed.
|
|
|
