Starting with 5th of July 2020, a natural or a legal person may be a sole shareholder in several LLC’s companies. Prior to this date, a natural or legal person could be a sole shareholder in a single LLC company.
Starting with 5th of July 2020, several companies can operate in one office building. For example, 100 companies can operate in a studio, without restrictions on the number of rooms in the building or the sharing of the space.
The agreement of the neighbors
Starting with 5th of July 2020, it is no longer necessary for the neighbors to agree on the operation of a company in an apartment, for example, if there is no activity at the registered office, according to the declaration submitted to the Trade Register on the occasion of the incorporation of the company.
Starting with 5th of November 2020 have been eliminated the provisions according to which:
- The share capital of an LLC cannot be less than 200 Romanian lei
- The shares cannot have a value less than 10 Romanian lei
When a LLC company is incorporated in the Trade Register, it is no longer necessary to present the proof of payment of the share capital according to the constitutive act.
Therefore, starting with 5th of July 2020, a LLC could be created with a share capital in value of 1 Romanian leu.