“EU-Inc” – A Uniform and Simple European Corporate Structure in the Works
In March 2026, the European Commission launched an initiative aimed at significantly simplifying company formation and management in the EU to strengthen the competitiveness of the single market. Under current Single Market regulations, founders are generally entitled to conduct their business activities throughout the European Union. Nevertheless, they are currently faced with 27 different national corporate laws and numerous different legal forms. Depending on the applicable local law, this can result in the process of starting a business taking weeks or months and incurring high consulting and administrative costs. Small businesses, and innovative ones in particular, are held back as a result.
New Land Registry Regulations for Future Residential Units
This article follows up on our previous post, “Buyer Protection in Real Estate Transactions—the ‘Nordis Law,’” on the new legal framework for transactions involving future residential units. A key aspect of this was the preliminary division of residential units: the creation of land registers for future apartments. ANCPI Regulation 293/2026, which establishes the procedure for registering future buildings and registering their future units in the land registry, has been in effect since March 8, 2026. This change is important because it assigns an official land registry identification number to every residential unit still under construction even before completion. This promotes transparency and prevents multiple sales of the same residential unit. However, the preliminary subdivision serves disclosure and identification only and is not a guarantee of the completion of the project or the developer’s financial solvency.
How Government Digital Systems Process Employee-Related Data
The digitization of public administration has significantly changed the way information about employees is handled. Employees can access most data regarding employment relationships, social security contributions, and insurance status directly through the government agencies’ electronic platforms. These systems do not operate in isolation; rather, they reflect a continuous flow of data that moves from the employer to government agencies and then to the employee.
New State Aid Programs for Industry and Research in Romania
Back in February, the Romanian government announced new state aid programs for corporate investments - initially seven, but shortly thereafter the list was expanded to nine programs. Although the next government’s plans are still unknown, two of these nine programs have already been developed to the point where they can be launched in the foreseeable future. For both programs, the current government has planned to provide 150 million euros in state aid annually for the period 2026–2032.
Document Review by the Tax Authority – Why a Minor Audit in Romania Can Become Costly
The so-called “document review” (Romanian: control documentar) has evolved into a frequently used, document-based tax audit in Romanian practice. Today, it often goes beyond a mere plausibility check and sometimes effectively carries the same weight as a comprehensive tax audit—albeit without the latter’s procedural safeguards and formalities.
REGES-Online annulled by the Court — What does this mean for employers?
As is widely known, in Romania all employment relationships and significant changes to them must be recorded in an electronic employee registry. Following the transition from the old “Revisal” system to the new “REGES-Online” system in 2025, REGES has been the only system in use since January 2026. In its ruling No. 83 of April 2, 2026, in Case No. 7745/2/2025, the Constanța Court of Appeals overturned Government Decision No. 295/2025 — the legal basis for REGES Online. What are the practical implications of this?
Statutory Deadlines for Adjusting Share Capital
At the end of 2025, Law No. 239/2025 was enacted in Romania, introducing changes concerning the adjustment of the share capital of limited liability companies (SRLs) based on criteria such as net turnover generated. These changes include, among other things, new minimum amounts for authorized capital and specific deadlines for any resulting capital increases.
Caution: “No-Poaching” Agreements Under Scrutiny by Competition Authorities
For a long time, it was generally accepted that competition rules did not apply to employment relationships, since they concern the market behavior of companies, whereas labor law governs their relationships with natural persons (employees). However, this understanding has been significantly refined, as reflected in practice and in the decisions of the European Commission and national competition authorities.
Pay Transparency in Romania: What Companies Need to Keep in Mind
Much has been said recently about the EU Pay Transparency Directive (Directive (EU) 2023/970). It sets new standards for transparency and gender-based equal treatment in relation to pay. Its implementation in Romania is still pending, and the deadline expires on 7 June 2026. The national legislation is currently still only available as a draft, but it already shows quite clearly the direction in which things are moving. Transposition will (have to) be one of the legislature’s short-term priorities, meaning that it is high time for companies to understand the European and local requirements and, where necessary, start preparing.
Stricter Rules for Dividends, Shareholder Loans, and Capital Maintenance in Romania
Law No. 239 of 2025, published on December 15, 2025, amended several key pieces of legislation, including the Tax Code (Codul Fiscal), the Tax Procedure Code (Codul de Procedură Fiscală), and the Companies Law. The following outlines practical changes that affect the business operations of companies in Romania. At the core are four new regulations for joint-stock companies (SA) and limited liability companies (SRL) concerning the distribution of dividends, the granting of loans to shareholders, members, or related parties, and the repayment of such loans.