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V. Corporate and Business Law
...The core legislation governing direct investments into Romania is the Ordinance on direct investments (Government Ordinance 92/1997), establishing the rights of investors and the incentives available. However, the Budget Law for 1999 has suspended the fiscal incentives provided in this ordinance (see Chapter VIII).
Romania is the Ordinance on direct investments
(Government Ordinance 92/1997), establishing the rights of
investors and the incentives available. However, the Budget
Law for 1999 has suspended the fiscal incentives provided in
this ordinance (see Chapter VIII).
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Foreign business entities
The forms of business most commonly used by foreign investors are the limited liability company (SRL), the joint stock company (SA) and the branch (of a foreign parent company). Romanian authorities however, are not well versed in branch operations.
Representative offices are often used as a market entry technique allowing for an assessment of existing opportunities before committing financially to setting up a company or establishing a joint venture, possibly with a former state enterprise that is undergoing privatisation.
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Branches
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Representative offices
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http://www.companyformation.ro/
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Branches
- they are not legal persons
- before beginning their activity they are incorporated in the Commercial Register of the
county where they will operate
- the legal system of the branch shall be applied to any other secondary office, to which the founding company gives the statute of a branch they have the same object of activity as that of the mother company.
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