NEWSFLASH – REMINDER: Statement Regarding the Ultimate Beneficial Owner (UBO) must be filed in September

NEWSFLASH - REMINDER: Statement Regarding the Ultimate Beneficial Owner (UBO) must be filed in September

Based on the amendments of Romania's legislation against money laundering and terrorism financing (Law No. 129/2019) as of 30 April 2021, among others, the obligation for companies to file with the Commercial Register the annual statements regarding their beneficial owners (beneficiari reali, - “UBO”) was reinstated.

We informed you in May that the term for the filing had been extended until 1 October 2021. Please click here.

Many were hoping for a cancellation of the obligation to file a statement in case no changes related to the UBO occurred.

Currently it seems however that all companies have to comply with the filing term for the annual UBO statement. Considering that such term will soon expire, all concerned parties should take action in order to submit the statement with the Commercial Register in September.

Please also note that in the meantime the form of this statement was amended.

We will be happy to answer any questions you may have in this respect.

Sincerely,

The STALFORT Legal. Tax. Audit. team

 


INVITATION – FOCUS ROMANIA: BUSINESS, INVESTMENTS AND EMPLOYMENT MARKET

INVITATION - FOCUS ROMANIA: BUSINESS, INVESTMENTS AND EMPLOYMENT MARKET

We are hereby inviting you to participate in the German spoken Online-Webinar “Focus Romania: Business, Investments and Employment Market”.

Date:   Thursday, 23. September 2021

Time:              14:00 - 15:30 Uhr CET

15:00 – 16:30 Uhr Romanian time

The Webinar will be held in German language.

It is organized jointly by CT Executive Search, Elite Searchers and STALFORT.Legal.Tax.Audit with the support of AHK Romania.

Topics and Speakers

  • „Update DE-RO Business Relations – Developments and opportunities for German companies“ - Sebastian Metz, Managing Member of the Board of Directors within the German-Romanian Chamber of Industry and Commerce, Bucharest
  • Trends on the Romanian Employment Market - Sorina Faier, Managing Partner, Elite Searchers, Bucharest
  • “Executive Search in Romania” - Christian Tegethoff, Managing Director, CT Executive Search
  • Current Legal Developments in Romania“ - Christian Weident, Attorney at Law, Managing Partner Legal, and Adina Zdru, Tax Advisor, Managing Partner Tax, STALFORT Legal. Tax. Audit.
  • „Retail & the Pandemic“ - Catalin Pozdarie, CEO Romania, Hervis Sports

Further information can be found in the event program here:

Please note that the attendance requires a pre-registration. In order to register, please click here.

The event will be hosted on Zoom. This is how you will be able to attend the event:

  1. Click here
  2. Type in the Meeting-ID: 820 3755 8814
  3. Password: Romania

After the presentations, participants may further discuss the Webinar topics in a Q&A session.

We are looking forward to welcoming you to our Webinar!


NEWSFLASH Important changes in employment law –making use of them requires action

 NEWSFLASH  - Important changes in employment law –making use of them requires action

In July 2021, the Romanian legislator introduced some changes, regarding (inter alia) the electronic signature, the mandatory content of employment contracts, the recording of working time and the abolition of some obligations.

In order to benefit from these improvements, it is partly necessary to create or adapt documents. Please find more details here.


Invitation to a workshop of Advantage Austria with Christian Weident on Kurzarbeit on 11.05.2021 – English language

Invitation to a workshop of Advantage Austria with Christian Weident on Kurzarbeit on 11.05.2021 - English language

We hereby invite you to an online workshop on Kurzarbeit (short time work) in Romania, which we organize together with Advantage Austria Romania.

The introduction of the Kurzarbeit concept in Romania was the result of a lengthy process, in which STALFORT Legal. Tax. Audit. has been closely involved from the beginning. In April 2021, the discussions produced a positive result.

On Tuesday, 11.05.2021, Christian Weident will lead an online workshop with Q&A on this subject from 10:00 to 11:00 (Romanian time). The event will take place in English language, through MS Teams. You can participate using the following link:

Please click here to join the meeting


Speaker from STALFORT Legal. Tax. Audit. at the AHK online business trip “Energy infrastructure in cities” on April 20, 2021

Speaker from STALFORT Legal. Tax. Audit. at the AHK online business trip “Energy infrastructure in cities” on April 20, 2021

Laura Neacsu has provided insights on the regulatory framework of the energy infrastructure in Romanian cities and possible cooperation ways between German investors and Romanian public authorities and private bodies at the event “Energy infrastructure in cities“, organized by the Romanian-German Chamber of Commerce and Industry (AHK Romania).

The event took place between April 21-23, 2021 and was an initiative of the Romanian-German economic collaboration project. Its financing came from the Federal Ministry of Economy and Energy in Germany within the “Energy Solutions made in Germany” program.

 


#AHKCommunityTalk with Christian Weident on the subject of short-time work on April 15, 2021

#AHKCommunityTalk with Christian Weident on the subject of short-time work on April 15, 2021

we hereby invite you to an information event about short-time working (Kurzarbeit) in Romania.

The introduction of short-time work in Romania was the result of a lengthy process in which Christian Weident was involved from the very beginning on behalf of STALFORT Legal. Tax. Audit.

After the regulations became complicated and unattractive in December 2020 as a result of unfortunate developments in legislation, discussions were resumed at the beginning of the year.

Christian Weident will present their positive result on 15.04.2021 between 15:00 and 16:30 and will discuss them together with other members of the German Romanian Chamber of Commerce and Industry (AHK).

Participation in the German-language event takes place at the invitation of the AHK; however, we are happy to organize the participation of clients and business partners. Feel free to contact us for this scope.


STALFORT Legal. Tax. Audit. participation at the event of the German consortium Power4remote – Electrification of the Apuseni villages on March 2, 2021

STALFORT Legal. Tax. Audit. participation at the event of the German consortium Power4remote - Electrification of the Apuseni villages on March 2, 2021

In 2019, AHK Romania initiated the formation of a consortium of German companies to find, together with Romanian companies and interested local authorities, efficient, reliable and environmentally friendly technical solutions to bring electricity to the remote villages from the Apuseni region and not only. From its earliest beginnings, STALFORT.Legal.Tax.Audit has accompanied and assisted the project funded by the Federal Ministry of Economy and Energy (BMWi) and AHK Romania with legal input.

During an online event dedicated to the presentation of the German consortium on March 2, 2021, Laura Neacsu has introduced the attendants to the Romanian regulatory framework and possible structures of microgrids and off grid production as well as consumption places.


NEWSFLASH – New entry restrictions in Romania due to Covid-19

NEWSFLASH - New entry restrictions in Romania due to Covid-19

As expected, the state of alert in Romania was extended by further 30 days, starting from 11.02.2021.

The legal basis is the Government Decision No 35/ 2021. The National Committee for Emergency Situations (CNSU) adopted Decision No. 9/2021 re. the new entry restrictions on 11.02.2021 and Decision No. 11/ 2021 re. the updated list of risk areas on 19.02.2021.

In addition to these restrictions, particularly relevant are the obligations of providers of international transport services from these areas to Romania.

Please find more details here.


NEWSFLASH – Tax amendments at the beginning of 2021

NEWSFLASH - Tax amendments at the beginning of 2021

A number of relevant fiscal amendments have been enacted in the final period of the year through Law no. 296/2020 amending and supplementing the Fiscal Code (Law no. 227/2015), subsequently modified by the Emergency Ordinance no. 226/2020.

Please find more details here.