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The company registration procedures were simplified. The law 102/2020 finally enters into force!

6 months ago we announced the appearance of some positive amendments to the Company Law n. 31/1990, such as:

  • cancelation of the provisions whereby a natural or legal person may be a sole member of a single limited liability company

  • the abolition of the provisions providing that different companies may operate in the same establishment only if the building, through its structure and its useful surface, allows more companies to operate in different premises or in separate shared spaces

  • Abolishment of the obligation to obtain an aproval from the Owners' Association of the building to change the destination of the real estate, in the case of companies whose registered office is to be registered in an apartment building, for companies with registered office of which no activity is exercised.

Unfortunately, however, the draft law has followed a winding path by being rejected and returned to the Parliament, bu the President and later on being attacked at the Constitutional Court.

But this week, finally, the law 102/2020 was promulgated by the President of Romania and published in the Official Gazette n. 583/02.07.2020, and will enter into force three days after the publication.

More details on the changes that have entered into force can be found in this article.

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