On the 5th of November 2020, Law no. 223/2020 on simplifying and eliminating the bureaucracy related to share transfers and payment of share capital (‘Law 223/2020’) entered into force. Law no. 223/2020 brings certain amendments to Companies’ Law which are meant to ease procedures related to the incorporation of limited liability companies and the transfer of shares.
Please open this leaflet prepared by our Romanian team and find out more information about the main changes brought by this legislative change.
PETERKA & PARTNERS Romania remains available for detailed information regarding this topic, as well as for other legal issues connected to your business.