How to suspend a company

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 Suspending a company’s activity

On account of the difficult economic context and of the recent legislative changes concerning taxing, many entrepreneurs decide to suspend the activity of their companies or are in need of information regarding this procedure.

Suspending (or, in other words, freezing or interrupting the company’s activity) requires that a series of formalities be carried out at the Trade Register’s Office and at the Fiscal Administration Agency.

The first step is to register a mention with the Trade Register regarding the suspension of the company’s activity. To that avail, the following documents will be needed:

  • A copy of the ID card(s) of the associate(s)
  • A copy of the company’s registration certificate
  • The company’s stamp
  • The original copies of all the Confirmations of Company Details (regarding the registered office, the operational sites, the licenses to carry out activities on third party locations, as the case may be), in order to have the operating permits revoked.
  • Payment of the fees and of the Trade Register taxes. If you team up with us, not only will you benefit from the very best fees, but you will also be spared the trips, the aggravation and the time lost at the Trade Register; moreover, you won’t have to worry about doing the paperwork or stating your case before the delegated judge. If you act on your own, the costs (in terms of money, effort and consequences) may prove too high.

Your suspension file must also contain a number of other documents that we will draw-up for you:

  1. Resolution of the General Assembly / Decision of the Sole Associate (as the case may be)
  2. Addendum to the Articles of Incorporation
  3. Delegation
  4. Registration Request
  5. Standardized Declaration

We will hand you the Ruling concerning the registration of the mention with the Trade Register within 5-10 working days of when you provide us with the necessary documents (for Bucharest and Ilfov). For any other counties, please check the service delivery deadlines on the dedicated page. Click here for complete details!

Make an appointment at 021.318.69.60.

After the Trade Register issues the Ruling regarding the suspension of the company’s activity, the Form 010 must be filled-in and filed with the Fiscal Administration Agency. Reinvent Consulting will take care of that for you, if you are our client.

Duration of suspension of the company’s activity

A company’s activity may be suspended for a period of 3 months to 3 years. During this time, bookkeeping is done on a quarterly basis, the Forms 100 and 300 (if applicable) must be submitted and the company is not allowed to engage in any transactions. We also recommend that the company’s bank account be closed. The balance sheets must continue to be filed, after every 6 months and 1 year periods.

How to suspend the activity of a company that has employees

In case the company employs people, the Territorial Work Inspectorate must be notified of the cessation of said employees’ work contracts, by means of an Addendum thereto, on account of the company’s activity being suspended.

 

 

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