9 essential recommendations to directors of Romanian companies
The Romanian government carries out various controls on companies located in its territory. The following is a check list of 9 important tasks to be completed to aid managing directors of companies in Romania to successfully pass these governement controls. In a study of 72 controls carried out by the Romanian administration (in 2011 and 2012 in Bucharest and Pitesti), 92% of companies which ensured all 9 points on this list were correctly completed, passed their controls with no issue.
- Are the company offices correctly declared as the company headquarters or a secondary office? Is the company record at the Registry of Commerce up to date?
- Has the required paperwork for occupational safety and annual medical visits been signed?
- Is the internal company policy well established?
- Is the evacuation plan correctly posted in a visible location?
- Have the social security payments and taxes been paid in full?
- Are the social security and tax declarations correctly filed? Have the annual reporting documents been filed at the Registry of Commerce?
- Are my bills all correctly issued and based on a written contract?
- Do I have all the originals of my documents (accounting and legal documents)?
- Is all my accounting up to date?
If these recommendations are followed, you should have no issue with government controls. It is always useful to consult your certified public accountant as well.