Eternity Law International News Starting a company in the videochat industry

Starting a company in the videochat industry

June 30, 2021

The 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.

Forms of business registration 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.

Steps to starting a webcam business

In order to establish such a business in Romania, the following scheme can be used:

  • Registration of the company.
  • Opening a management company that coordinates videochat users.

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.

Required documents for registration of LLC

The main list of documents and information for registration of an LLC includes:

  • personal data of shareholders;
  • legal address and company name;
  • Data of Chief Executive Officer;
  • the nature of the activities in which the company is involved;
  • information on the starting capital of all shareholders, the number and par of shares.

Summing up

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.

You could be interested

Advantages of Panamanian Corporations for Crypto-companies

Firms established in Panama longly were a fairly attractive variant for organizations intending to get global cooperation and in search of sustained and auspicious jurisdictions from points of regulation and regulatory framework. Panamanian law offers certain advantages and lucrative privileges to crypto firms and decentralized firms wishing to add Panamanian companies to commercial structures. Below...

Business and life in Croatia

Croatia attracts international investment due to its established infrastructure, stable political environment, and favorable investment climate. Additionally, Croatia might be a great place to immigrate for commercial purposes. However, there are many opportunities to buy a ready-made business or firm on the local market, so it is not essential to start from scratch. Thus we...

Regulation of cryptocurrency in UK

Legal regulation of cryptocurrency in the UK is a standard process for the country. To date, the state has developed the most favorable legislative framework for doing business with cryptocurrency operations. The state supports international projects related to digital currency, sponsors start-ups. Despite the positive trend, the UK government has not yet settled a final...

EU Sets First Rules to Regulate Cryptocurrencies

In light of quickly emerging new projects stored on blockchain, the EU sets the first rules to regulate cryptocurrencies. EU authorities agreed on the adoption of legal mechanisms that would oversee the cryptomarket, obliging businesses to apply for authorizations to operate and provide services to users. Although the proposal still has to go via Brussel’...

RAIF in Luxembourg

Luxembourg is the main funding investment place on the planet after the United States with solid standing as a global asset community, and takes into account a wide range of aggregate investment vehicles, covering the entirety of the essential asset systems on the planet after the United States. The Reserved Alternative Investment Fund (RAIF) is...

Netherlands Corporate Services

For several years it was very difficult to establish business-structure in this country, but in 2012 the local regulator significantly simplified some of the jurisdiction’s regulations regarding the opening and registration of corporate structures. For many businessmen, it has become a great variant for launching their own business-project. Also, additionally to simplifying laws, the principles...
Fill the blank:


Dreikonigstrasse, 31A, Stockerhof


Baseina street, 7


Grosvenor Gardens, 52

New York

1178 Broadway, 3rd Floor #3353 New York, NY 10001


Gediminas Avenue, 44A


Kesklinna linnaosa, Tuukri 19


Lochrin Square, 1


Jacovides Tower, 5 floor


Esplanade, 7 floor

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai


Level 42, Suntec Tower Three, 8 Temasek Boulevard


20 Martin Place


2609 Avenida da Boavista


Revaz Tabukashvili Str., N 45, area N 7