Business Bank Account in Romania for Your Company

Since 1 January 2026 a payment service provider covered by Law 209/2019 (art. 2 letters a), b), d)) may not refuse the request. The exception is where opening the account 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).

Law 129/2019 allows identification by electronic means or a secure remote process recognised by ADR (art. 11(1)(a)). The bank verifies the client and the beneficial owner before the relationship starts (art. 11(8)). The texts we rely on do not settle whether a bank offers that process to a non-resident administrator. 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, a payment account is any account used for payment transactions (art. 4(12)). BNR lists e-money institutions serving Romania. The texts we rely on do not settle whether a passported or non-Romanian-IBAN account counts. 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). It cannot deduct expenses or VAT on purchases (art. 11(6) Fiscal Code). It is dissolved if not reactivated within a year. Reactivation needs the account, the returns filed and no arrears.

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 (art. 11(1)(c)-(d)). 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 do not 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 it identifies that person (art. 11(4) Law 129/2019). It also verifies the client and the beneficial owner before the relationship starts (art. 11(8)). A partner Romanian lawyer prepares a bespoke power of attorney (Law 51/1995 art. 3(1)(c)).

A foreigner applies on the same terms as anyone else. The must-open rule and the KYC duties apply to every applicant (art. 1(1⁴) Law 70/2015; Law 129/2019). 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)).

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

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

Yes, for a foreign legal person. The bank needs 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. This is because Regulation (EU) 2016/1191 covers civil-status documents only. An EU criminal-record certificate needs no apostille.

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

No. The payment comes after registration (Art. 9¹(2) Law 31/1990). An SRL pays 30% of the subscribed capital no later than 3 months after registration and before it starts operations in its own name. It 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). The texts we rely on do not settle whether a bank lets a non-resident administrator use it. They do not confirm a remote company account either. We prepare and check the pack so the file is complete. We 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). They also state 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)).