Business Bank Account in Romania for Your Company

Since 1 January 2026 a payment service provider under art. 2 letters a), b), d) of Law 209/2019 may not refuse the request unless opening it would breach Law 129/2019 or the sanctions ordinance OUG 202/2008 (art. 1(1⁴) Law 70/2015). If due diligence cannot be completed, the bank must not open the account (art. 11(9) Law 129/2019).

Art. 11(1)(a) of Law 129/2019 allows identification by electronic means or a secure remote process recognised by ADR, and the bank verifies the client and the beneficial owner before the relationship starts (art. 11(8)). Whether a bank offers that process to a non-resident administrator is not settled in the texts we rely on. We promise no remote opening.

The rule requires a payment account in Romania or at the Treasury (art. 1(1²) Law 70/2015). In the EU payment services directive it is any account used for payment transactions (art. 4(12)); BNR lists e-money institutions serving Romania. Whether a passported or non-Romanian-IBAN account counts is not settled in the texts we rely on; we go through it with you.

Missing the 60 working days is a fine of 3,000 to 10,000 lei (art. 12(4) Law 70/2015). With no payment account the company is declared fiscally inactive (art. 92(1²)(a) Fiscal Procedure Code): no deduction of expenses or VAT on purchases (art. 11(6) Fiscal Code), and dissolution if not reactivated within a year. Reactivation needs the account, returns filed, no arrears.

Art. 11(1)(c)-(d) of Law 129/2019 requires the bank to assess the purpose and nature of the relationship and to monitor it, down to the source of funds where needed. The pack answers with a business description, expected flows and a source-of-funds explanation. Unusually complex ownership is a risk factor (art. 17(14)); we never shape ownership around KYC.

A representative can act but cannot replace your identification. The bank checks that anyone acting for the client is authorised and identifies that person (art. 11(4) Law 129/2019), and it verifies the client and the beneficial owner before the relationship starts (art. 11(8)). A bespoke power of attorney is prepared by a partner Romanian lawyer (Law 51/1995 art. 3(1)(c)).

A foreigner applies on the same terms as anyone else. The must-open rule of art. 1(1⁴) Law 70/2015 and the KYC duties of Law 129/2019 apply to every applicant, and the rule covers a natural person's account as well as a company's. Persons established in Commission-listed high-risk third countries and politically exposed persons face enhanced due diligence (art. 17(1)(c)-(d)).

In four moves. The register requests the non-resident individual founders' tax numbers at incorporation (art. 83(1) Fiscal Procedure Code); the company chooses a provider listed on the BNR registers; the pack goes in and the administrator is identified (art. 11(8) Law 129/2019); the bank answers. The account is due within 60 working days of formation (art. 1(1²) Law 70/2015).

The statutory minimum: the company's certificate, constitutive act and representative's data (art. 15(1)(b) Law 129/2019), the beneficial owner and ownership structure (art. 4(2)(a), 11(1)(b)), the purpose and source of funds, and the actual place of business if different (art. 15(1¹)). In practice: passports, an ownership chart and proof of the beneficial-owner registration. The bank may ask more.

Yes, for a foreign legal person: a legalised Romanian translation of its constitutive documents (art. 15(2) Law 129/2019), which we arrange through a sworn translator. A power of attorney notarised in another EU state still needs the apostille unless a bilateral treaty removes it, because Regulation (EU) 2016/1191 covers civil-status documents only. An EU criminal-record certificate needs none.

Not as a separate purchase. The register requests a tax number for non-resident individuals who are founders, shareholders or administrators at incorporation (art. 83(1) Fiscal Procedure Code). If a director still has none when the account is requested, the bank requests one and the Ministry of Finance answers the bank within 5 days (art. 83(4)).

No. Art. 9¹(2) of Law 31/1990 sets the payment after registration: an SRL pays 30% of the subscribed capital no later than 3 months after registration and before it starts operations in its own name, and completes a cash contribution within 12 months. The minimum capital of a newly formed SRL is 500 lei (art. VI(2) Law 239/2025).

The law allows a secure remote identification process recognised by ADR (art. 11(1)(a) Law 129/2019). Whether a bank lets a non-resident administrator use it is not settled in the texts we rely on, and they do not confirm a remote company account. We prepare and check the pack so the file is complete, and promise no remote opening.

The texts we rely on state no rule on an existing account. They do state that a beneficial-owner declaration is filed at the register on each change (art. 56(1) Law 129/2019) and that a bank starting a relationship obtains proof of that registration (art. 11(8¹)). The share-transfer notice and the due diligence are set out on the ready-made companies page.

As a rule, yes. From 1 January 2026 a business that must register with the trade register accepts payments by modern means such as cards (art. 1(1²) OUG 193/2002, as amended by art. III Law 239/2025). The exception is a business that makes and receives every payment exclusively through accounts at credit institutions (art. 1(1³)).