Is There a Legal Minimum Capital Requirement for an LLC Under the Regulation of Romanian Company Law? Cover Image

Van-e a kft. társasági tőkéjének törvény szabta minimális mértéke a román társasági jog rendelkezései szerint?
Is There a Legal Minimum Capital Requirement for an LLC Under the Regulation of Romanian Company Law?

Author(s): Zsolt Fegyveresi
Subject(s): Civil Law
Published by: Scientia Kiadó
Keywords: limited liability company; share capital; minimum share capital; creditor protection; social part; associate;

Summary/Abstract: The share capital is the investment made by company members, the amount of which must be set out in the articles of association. The company capital is not the same as the total assets of the company, but it is an integral part of the company. Until November 2020, the Romanian Company Law maintained a mandatory minimum capital requirement for limited liability companies, but later the provision was simply deleted from the law with the amendment of the Companies Act. As we will see, this does not mean that a limited liability company can be created with zero share capital.

  • Issue Year: V/2022
  • Issue No: 2
  • Page Range: 87-95
  • Page Count: 9
  • Language: Hungarian