New legislation on representative offices
On August 4th, 2022, Ordinance no. 18/2022 on the authorization and functioning of representative offices of foreign companies and economic organizations in Romania (“GO 18/2022”) adopted by the Romanian Government has been published in the Official Gazette. GO 18/2022 represents the first change of Romanian legislation on representative offices adopted since 1990, thus bringing much needed updates in the field, including as regards the means by which the procedure will be undertaken, namely via a digital platform. Registering a Romanian representative office implies the payment of an authorization tax amounting to EUR 1,000 per year. The complete article is available here.