ESTABLISHMENT OF A JOINT STOCK COMPANY (SA)
When we want to carry out a commercial activity we will have to think about what kind of organization suits us. At the moment the best form of fiscal organization is the limited liability company. However, depending on the size of the business itself, some investors may choose to set up a SA to carry out their activity.
WHAT ARE THE STEPS THAT SHOULD BE FOLLOWED IN THE PROCEDURE OF ESTABLISHING A SA?
CHOOSING CAEN CODES
The selection of CAEN codes for your SA must be done with a lawyer. It is very important to choose the CAEN codes of the company in accordance with the activities you will perform.
DRAFTING THE DOCUMENTS
What are the documents that will be drafted by your lawyer?
DOCUMENTS REQUIRED TO ESTABLISH A SA?
Once the documents drafted for the incorporation we shall need some other documents in order to complete the procedure.
WHAT ARE THE DOCUMENTS REQUIRED FOR THE PROCEDURE OF ESTABLISHING A SA?
SUBMISSION OF THE FILE TO THE TRADE REGISTRY
The last step is the easiest. The documents will be registered in a file at the competent Trade Registry depending on the company headquarters. Thus the establishment procedure of the SA will be completed within 3-4 days from the submission of documents to the Trade Registry.
a. The minimum share capital for the establishment procedure of a SA is a minimum of 25,000 EURO (cannot be less than 90,000 lei).
b. The documents will be placed in a file in order and will be submitted to the competent Trade Registry.
c. The minimum number of shareholders is two.
d. Within the articles of incorporation, the number of shares (registered or bearer), name and identification data of the auditor of the SA will be specified.
e. The first directors as well as the first censors of the entity will be mentioned in the articles of incorporation.
a) Copy of the founders identity card.
b) If the headquarters will be within a block of apartments - the title of the property of the building: contract of sale - purchase, contract of donation. If you choose to have the headquarters at the law firm, you will no longer need these documents.
c) A list of 5 variants of name for your SA.
Our team of lawyers will be at your disposal during the establishment procedure of a SA.
Their professionalism will help you through out the whole procedure of incorporation.
In addition to the attorney fee you will also have to pay the following:
a) approximately 150 lei, the fee paid to the Notary with whom you will choose to collaborate.
b) 123 lei, taxes to be paid at the Trade Registry.
c) 90.000 lei share capital (this amount will be deposited at a bank you will agree with).