In the Official Gazette of July 2, 2020, was published Law no. 102/2020 for the amendment and completion of the Companies Law no. 31/1990, which establishes the following:
– eliminates article 14 of the Companies Law no. 31/1990, which provided that a natural person or a legal person may be a sole shareholder only in a single limited liability company (“LLC”), respectively that an LLC may not have as sole shareholder another LLC, consisting of -one person,
– eliminates paragraph 4 of Article 17 of the Companies Law no. 31/1990. Therefore, several companies will be able to operate at the same headquarters,
– a new paragraph has been introduced in Article 17 of the Companies Law no. 31/1990, which stipulates that the notice regarding the change of the destination of the collective buildings with residential regime, provided by Law no. 196/2018 regarding the establishment, organization and operation of owners’ associations and the administration of condominiums, is not necessary when the administrator declares on his own responsibility that no activity will take place at that registered office.
For more information on establishing a company in Romania, or changing its status (headquarters, associates, administrators, etc.), you can CONTACT us.
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