As the global landscape for cryptocurrency continues to evolve, countries worldwide are defining their stances on digital assets. Indonesia, with its rapidly growing economy and technological advancements, has been no exception. The regulation of cryptocurrencies in country has become a focal point for both local and international investors. This article delves into the specifics of…
Commonly, legal opinion is what we consider as an experienced lawyer’s advice. It is presented in the form of a document prepared by a client’s requirement. The article will provide you with all interested details regarding the provision of legal consultation. Legal opinion: Why do we need it? Banks frequently demand LOs from risky businesses…
1. Sorts of Commercial Units, Their Homestead and General Charge issues This country offers diverse business units with distinct lawful divisions, including the SA requiring EUR 30,000 minimum capital and the SARL with EUR 12,000, managed by boards of directors. The SARL limits subsidiaries to one hundred and could not trade publicly, while the SCA…
1. Trade License Acquiring a pervasive trade licence is a pivotal step for most commercial functioning in Switzerland. This licence is mandatory that assures your commercial functioning bonds to indigenous market rules and protocols. Here’s what you should know: Submission routine: You can apply for a commercial licence to the local canton’s market branch. This…
This is a new investment opportunity – SPI license in UK for sale. Please check out the main details regarding this proposal below. SPI license in UK for sale: key considerations Small Payment Institution (SPI) in UK for sale; Company was licensed by FCA in 2018; Allowed activities (money remittance, foreign exchange); Company has 3…
Seize the opportunity to effortlessly establish your business in the UK with our ready-made company, complete with premium bank accounts at Barclays and HSBC. Key features Company for Sale in UK with Barclays & HSBC Accounts Company Details: – Incorporated: 2024 – Registered Address: England – Company Type: Private Limited Company – Nature of Business…
Are you ready to establish your business presence in the UK effortlessly? Discover our exclusive offer—a ready-made company with immediate access to Natwest, Revolut, and Wise bank accounts. Here’s what you need to know: Key features Company for Sale in UK with Established Bank Accounts – Company Details: Founded in 2024, work in non-specialised wholesale…
An active transportation company limited by shares (SA) in Switzerland is now available for sale. This company, was established in 2020 and operates in the passenger and cargo transportation sector with a focus on sea and rail transport. Key Features Transportation Company in Switzerland Corporate Structure Form: Company limited by shares (SA) Year of Registration:…
Zurich
+41 435 50 73 23Kyiv
+38 094 712 03 54London
+44 203 868 34 37Tallinn
+372 880 41 85Vilnius
+370 52 11 14 32New York
+1 (888) 647 05 40The videochat industry is growing rapidly. For many entrepreneurs wishing to open a business in this industry, the actual question is how and where to register such a company. Romania is the world leader in the videochat market, with a regulated videochat activity. In this article, we will analyze the main aspects of a webcam business in the EU, specifically in Romania.
In order to register a company on the territory of Romania, it is necessary to choose the optimal organizational and legal form. The most common option is the registration of an LLC company (Societate cu Raspundere Limitata). This form allows the shareholder to create a commercial organization in order to obtain systematic profit. An LLC can be opened by both an individual and a legal entity, with a limited number of members – a maximum of 50. In this enterprise, the shareholders bear the risk of losses, up to the value of their contributions.
Registration of an LLC in Romania requires a minimum investment of at least 40 euros. The authorized capital is divided into a certain number of shares of the same par value. According to the law, the minimum par value of one share cannot be lower than 10 Romanian lei (2 euros). Accordingly, a company with an authorized capital of 100 Romanian lei (20 euros) can have only 10 shares, that is, one share is equal to 10% of the authorized capital.
An important factor is choosing the unique name of the organization. (It is highly recommended to check in the state registry). Also, a registered local office is required. A certificate of registration assures that all conditions for the conduct of business activities have been fulfilled. The company is considered as an existing entity allowed to carry out its activities from the date of registration in the central public database of the Trade Register.
In order to establish such a business in Romania, the following scheme can be used:
In this case, the webcam studio will be registered on a streaming platform with the ability to manage profiles and create accounts for company representatives.
It is also important to study the peculiarities of the Romanian legal aspects, the criminal code, and taxation. It is recommended to have a director who is a resident of the European Union, as this can be a privilege when opening an account for a business.
The main list of documents and information for registration of an LLC includes:
We have covered the main aspects of registering a webcam business in Romania. If you are interested in starting a webcam business and are looking for where to legally carry out this type of activity, then pay attention to this country. For more information, please contact the specialists of Eternity Law International.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.