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Business Law

Business Law

Bailiff Enforcement in Romania. What You Need to Know

Barry, the Legal Badger -
Bailiff enforcement in Romania represents the legal procedure through which a creditor, based on the provisions of the Romanian Code of Civil Procedure, requests the intervention of competent authorities in order to compel a...
Business Law

Debt Collection from Romania. Practical Guide for Creditors

Barry, the Legal Badger -
Debt collection from Romania is a key aspect of business and consumer relations, as unpaid debts can have a significant impact on financial stability. Fortunately, the Romanian legal system provides creditors with a variety...
Business Law

Limited company with no activity in Romania

Barry, the Legal Badger -
A limited liability company (LLC) can go through different stages of inactivity, each with its own legal and tax particularities. Three distinct scenarios can be identified, each requiring a specific approach. First, a newly established...
Business Law

Documents required to close a company in Romania

Barry, the Legal Badger -
In Romania, closing a company requires several steps to be taken, which vary depending on the type of company, but for a better understanding...
Business Law

ITU Code Romania

Barry, the Legal Badger -
UIT CODE - WHAT DOES IT MEAN IN ROMANIA? The notion of ITU code appeared with the regulation of the RO e-transport system by the...
Business Law

Receivables – what do they mean?

Barry, the Legal Badger -
WHAT IS A CLAIM? A claim is the property right of one of the parties to a legal relationship of obligation, called the creditor, to...
Business Law

Costs of setting up an LLC 2025 in Romania

Barry, the Legal Badger -
What are the costs for setting up SRL 2025 in Romania? In Romania, the basic law regulating the types of companies is Law 31/1990, which...
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Business Law

Franchising – what it means, types and costs in Romania

Barry, the Legal Badger -
WHAT IS FRANCHISING IN ROMANIA? In essence, franchising is a system of marketing products or services, whereby the franchisee seeks to exploit the franchisor's business...
Business Law

What is a confidentiality agreement or NDA in Romania?

Barry, the Legal Badger -
The name NDA stands for Non-Disclosure Agreement and is equivalent to the name confidentiality agreement. This agreement is a contract in which one or...
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Franchising – what it means, types and costs in Romania

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WHAT IS FRANCHISING IN ROMANIA? In essence, franchising is a system of marketing products or services, whereby the franchisee seeks to exploit the franchisor's business...

What is B2B in Romania?

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B2B - WHAT DOES IT MEAN? An acronym for business to business, B2B involves the sale of goods/services exclusively between legal entities. Thus, business to...

Products with high tax risk in Romania

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In an attempt to combat tax evasion and optimize tax collection, tax authorities in many countries, including Romania, are paying increased attention to high-risk...

Non-agricultural business ideas in the countryside in Romania

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Although the countryside is often associated with agriculture, there are many non-agricultural business opportunities that can be successfully developed in these areas. These ideas...

Mutual funds – what are they in Romania?

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WHAT ARE MUTUAL FUNDS IN ROMANIA? Mutual funds are open-ended investment funds with the aim of using the financial resources of several investors to buy...

Limited company with no activity in Romania

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A limited liability company (LLC) can go through different stages of inactivity, each with its own legal and tax particularities. Three distinct scenarios can...

Intra-Community VAT in Romania

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WHAT IS INTRA-COMMUNITY VAT? Intra-Community VAT is value added tax on transactions between Member States of the European Union. The intra-Community VAT code is a...

Inactive register in Romania

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INACTIVE REGISTER IN ROMANIA - WHAT IS IT? The register of inactive/reactivated taxpayers/payers is a record organized by the National Agency for Tax Administration (ANAF),...

How much salary do you need for a 10000 euro loan in Romania?

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