Setting Up a Company

Types of Companies and Capital (Max/Min)	Number of Partners/Shareholders and Liability
Limited Liability Company At least RON 200	Minimum of 1; maximum of 50 Liability is limited to the amount of investment.
Public Company At least RON 90,000	Minimum of 2 shareholders. Liability is limited to the amount of investment.
General Partnership No capital minimum.	Minimum 2 partners: One general partner and one limited partner Unlimited liability
Limited Liability Partnership No capital minimum.	Minimum 2 partners: One general partner and one limited partner Liability limited to capital.

The Competent Organization: The National Trade Register Office.
Search a Company or a Financial Report: Chamber of Commerce and Industry of Romania

Source: Doing Business.

Business Setup Procedures: Consult Doing Business Website, to know about procedures to start a Business in Romania.
Trade Register

Working Conditions

Legal Weekly Duration: According to the Romanian Labor Code, working hours must be uniform, that is 8 hours per day for 5 days with 2 days off per week. The minimum length of annual vacation is 20 workdays.
Retirement Age: 57 years old for women and 62 years old for men.
Working Contracts: The employment contract is regulated by the laws and to a lesser extent by the agreements of collective and the cases of individuals.
The formalization of the work contract and employment conditions are extremely rigid.
Romania has the same main types of work contracts known in Western Europe: the contract for an indefinite duration, the contract for a fixed-term of employment, the contract from an agency placing temporary workers. One can also work part time or at home.
NOTE: it is prohibited to employ minors under the age of 15.

Minimum Wage: The gross minimum wage is guaranteed at RON 670 (about USD 222).
Average Wage: Average monthly gross earnings in Romania is RON 2,0267 (USD 660).
Social contributions: Social Security Contributions Paid By Employers: 34% to 44%.
Social Security Contributions Paid By Employees: 9% for natives and 5.5% for foreigners on taxable income earned in Romania.

Social Dialogue and Involvement of Social Partners: Trade unions play a relatively important role in the Romanian work sector. It is estimated that about 40% of employees are unionized. Some of the unions are: the National Free Trade Union Confederation of Romania (C.N.S.L.R.- FRÃTIA) and the Alfa Cartel.
Unions: Law 54/2003 on trade unions
Unionization Rate: About 40% of employees are unionized.
Labor Regulation Bodies: The Ministry of Labor, Family and Social Protection.

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