The General Mayor and the Chief Architect will be part of the Technical Traffic Commission of the Municipality of Bucharest, according to a draft decision currently under public debate on the PMB website. The draft provides for amendments to the Regulation on the organization and functioning of the Technical Traffic Read more…
Insolvency proceedings do not only aim at the reorganization or liquidation of a company’s assets, but also at establishing the liability of the persons who contributed to the insolvency. One of them is the special administrator, who represents the associates or shareholders during the procedure. When can the special administrator Read more…
Starting this year, company legislation has been amended, introducing new obligations for inactive or struggling companies, as well as for newly established ones. Key changes: Mandatory bank account: No company (SRL, SA, etc.) can be registered with the Trade Register without proof of opening a bank account. The measure is Read more…
In practice, many companies confuse the registered office with the tax domicile. Although both appear in official documents, the two concepts have different regulations and implications. Registered office Official address of the company, included in the articles of association and registered with the Trade Register. Represents the company’s “identity house” Read more…
Registering a trademark with the State Office for Inventions and Trademarks (OSIM) is a key step for any entrepreneur or company that wants to protect its identity on the market. What is a trademark?A trademark is a distinctive sign – name, logo, slogan, packaging, etc. – that differentiates a company’s Read more…
In recent years, the number of foreclosure cases has grown significantly. Companies and individuals often face garnishments, asset seizures or even public auctions due to the lack of legal and financial prevention. What does prevention mean in foreclosure?Prevention is not only about “having money to pay your debts,” but also Read more…
A contract is not just a formality, but the foundation of the legal relationship between the parties. In civil law, contracts have the force of law between the parties (pacta sunt servanda), meaning that obligations must be strictly respected. Signing a contract without reading and fully understanding it can lead Read more…
Starting January 1, 2025, the construction tax was reintroduced through GEO 156/2024, in a slightly modified version compared to the one applied in 2014–2016 (“pillar tax”). Back then, the tax was eliminated as of January 1, 2017, the Government arguing the need to stimulate the business environment, encourage investments in Read more…
Starting January 1, 2025, the tax rate on dividend income increases from 8% to 10%, for both resident and non-resident taxpayers. The provision applies to dividends distributed after January 1, 2025.
Starting January 1, 2025, the updated Classification of Activities in the National Economy – CAEN Rev.3 – entered into force, approved by Order of the President of the National Institute of Statistics No. 377/17.04.2024. Who is affected?All companies, authorized natural persons (PFA), individual enterprises (II) and family enterprises (IF) must Read more…