Suspension of Company Activity in Romania

What you need to know:

The activity of a company or a PFA may be suspended for a maximum period of 3 years. Associates can also opt for a period of less than 3 years of inactivity. At the end of the suspension period the activity is not resumed automatically; in order to resume the activity, a mention to this effect must be submitted to the Trade Register. If the activity is not resumed at the end of the suspension period, the company may be dissolved, and the Trade Register can ascertain its dissolution.

It is a temporary solution for a company that is no longer active and for the situation in which the associates are at a standstill and want to rethink their business strategy. Even if the activity is suspended, you should know that the financial statements (balance sheet, balance sheet), even with result 0, will have to be filed further, as until the moment of suspension.

If the company has employees, keep in mind that you must notify the Territorial Labor Inspectorate regarding the termination of employment contracts following the suspension of the activity.

Required documents

• Registration application (standard form), in original
• Declaration on own responsibility, for the registered office and any secondary offices, that the company will not carry out any of its activities during the suspension period (maximum 3 years)
• Decision of the general meeting of associates or of the sole associate approving the suspension and stating the period of suspension, in original; where applicable, the power of attorney of the person carrying out the formalities

Our Romanian lawyers have a vast experience in commercial laws, opening companies and making changes to old companies. Therefore, do not hesitate to contact Darie, Manea and Associates in order to help you with the needed procedure.