Romanian Govt To Reduce Period For Authorized Pvt Individual Registration

Silaghi explained this measure is highly necessary, given that the field of micro-enterprises is fading out, which means, authorized private individuals have more opportunities to step in.

"Unfortunately, in Romania, it takes two-three months to register an authorized private individual. We receive more and more requests from companies interested in operating as PFA and we cannot wait two-three months; therefore, we shall reduce the procedure down to three days. I do not think it is normal to set up a limited liability company more easily than to register as PFA," Silaghi stressed.