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Legal Forms of Companies

Societate cu raspundere limitata (Limited Liability Company)

Number of partners: Minimum of 1 partner with a maximum of 50
Capital (max/min): No capital minimum.
Shareholders and liability: Liability is limited to the amount of investment.

Societate pe actiuni or SA (Public Company)

Number of partners: Minimum of 2 shareholders.
Capital (max/min): At least RON 90,000
Shareholders and liability: Liability is limited to the amount of investment.

Societate in nume colectiv or SNC (General Partnership)

Number of partners: Minimum 2 partners: One general partner and one limited partner
Capital (max/min): No capital minimum.
Shareholders and liability: Unlimited liability for partnership.

Societate in comandita simpla (Limited Liability Partnership)

Number of partners: Minimum 2 partners: one general partner and one limited partner
Capital (max/min): No capital minimum.
Shareholders and liability: Liability limited to partnership capital for limited partners; unlimited for general partners.

Business Setup Procedures

Source: Doing Business - Latest available data.