Bank Account

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Opening a bank account in Romania is not a complicated process, however, foreign investors may be in need of assistance when filling in the application and submitting the Romanian-version documents.

Most banks will ask for the same types of documents and official translations into Romanian of the documents issued in a foreign language. The translations may be required for the company’s incorporation documents (for branches or subsidiaries, in some cases), the applicant’s personal identification documents and others, as needed. The foreign national will need to translate the document with the help of a sworn translator and then legalize the translation with a Notary Public in Bucharest. This is mandatory in most cases and not only for the purposes related to starting a corporate bank account in Romania but also for other activities, such as purchasing property (when the foreign national – natural or legal person – will also be asked to provide sworn translations for certain documents).

Working with a local team of experts can reduce the time needed to start a bank account and it will help investors know that they are making the needed submissions in accordance with the local provisions and the most recent legal requirements.

Our team can help you with the following:

We can recommend you the best options for your company’s needs: local or international;

We will assist you in opening a temporary cumulative corporate bank account: in order to deposit the minimum required issued share capital;

After the incorporation of the company: the above-mentioned amount of money can be transferred to the corporate account, we can submit the transfer application for you;

Additional services: if needed, we can participate in bank meetings or interviews on your company’s behalf in order to secure the corporate bank account approval faster;

The final step: will be to give you all bank account details and internet banking device