Romania - Limited Liability Companies - Societate cu Raspundere Limitata

A limited liability company is a company incorporated by a limited number of members. The registered share capital of a limited liability company is normally divided into shares with a registered value of not less than 100,000 ROL.

The articles of incorporation of the limited liability company will include:

• The name, place and date of birth, domicile and citizenship of individuals.
• The name, registered office and nationality of the shareholder.
• The object of the company, specifying the main activity.
• The subscribed and paid in registered capital; the number and nominal value of shares as well as the number of shares subscribed to each member.
• The shareholders in charge with the representation and administration of the company or the non-shareholder administrators, individuals or legal persons, and their powers which are to be exercised jointly or separately.

Limited liability companies may also be incorporated by a single member.