Ms Cristina Enaga

Cristina Enaga

Updates

Corporate & Commercial

Streamlining procedure for declaring beneficial owners
Romania | 29 June 2020

Pursuant to a recently issued draft bill, the legal framework regarding companies' obligation to submit a statement about their beneficial owners could be simplified. The main amendments, which are expected to be well received, will remove companies' obligation to submit an annual statement regarding their beneficial owners and declare their beneficial owners (in the case of companies held by individuals).