Limited Liability Company

• May be established by at least one shareholder;
• Minimum share capital of RON 1 equivalent of EUR 0,2;
• The share capital must be paid entirely before becoming a shareholder;
• Each held share gives the right to one vote;
• May be managed by one or more administrators appointed for a specified period (no time limits applicable, however), which may represent the company independently;

Joint Stock Company

• May be established by minimum two shareholders;
• Minimum share capital of RON 90,000 equivalent of EUR 19,000;
• The difference for the share capital may be paid within 12 months since incorporation if 30% of the share capital is paid at the incorporation date;
• Each paid share gives the right to one vote;
• May be managed by at least one administrator, appointed for maximum 4 years (with a first mandate of maximum two years. The number of administrators must always be odd;
• May chose a unitary Board of Directors or a dual administration system (one Board of Directors and one Supervisory Committee);
• The General Meeting must elect censors, for a maximum three years period;

Branch

• An extension of the mother company having no legal personality or independence;
• Can be used by foreign companies to assure its presence on Romanian market;
• The mother company holds all the assets of the branch;
• The agreements concluded by the branch can be signed on behalf of the branch either in its own name;
• The Branch cannot have its own creditors or debtors having to contact the mother company;

Representative Office

• Has no legal personality of its own and may not perform any activities in its own name;
• The main purposes of the Representative office are to intermediate the mother company business/ agreements in Romania as well as to advertise and promote its activities;
• May perform only the activities authorised by the Ministry of Economy;
• The Romanian authorities request an annual tax in valued at EUR 1,000;

Customized debt recovery plan

Experience taught us that debts recovery situations are not alike and the best option to maximize the debt recovered percentage is to customize a plan, built carefully for each client.

Dedicated contact person

Your request shall be managed by one of our colleagues through the entire process, so you will have a designated project manager to work with. He will be happy to assist you in every aspect considered important during the recovery procedure.

Friendly approach

First of all, we will contact the debtor via telephone and propose to him a common agreement on the debts payment plan. If needed, a meeting can be appointed.

Tailored reports

You will be informed in due time regarding the collection procedure. Your approval will be obtained for certain procedures during the recovery process.

Our fee

After analyzing your request, we shall propose you a flat fee plus a variable fee from the recovered amount. Every offer will be discussed particularly.