Accountants and corporate service providers in Bucharest

What the Bucharest firms are like

The field is mostly accounting firms: 86, alongside 13 corporate service providers and 4 law firms. Small practices dominate with 85 firms, followed by 9 medium firms and 9 that belong to a large network. A foreign owner will notice the difference at once in how the work is run. A small practice is usually one partner with a few staff, and your company is one of a few dozen. A network firm can handle several entities and several tax regimes under one contact.

Registration is not tied to the capital city: the e-Justice Portal says that trade register offices exist in Bucharest and in each of the 41 counties, and the trade register body says a filing may be made at any trade register office. Choosing a Bucharest firm is therefore a matter of service, not of where your company sits. A company registered in Cluj-Napoca or Timisoara can be served by a Bucharest firm, though a local firm may know the county office better.

Entities and professional bodies

Two entity types dominate what the firms name: the SRL, at 56 firms, and the PFA (a sole trader), at 51. The SA appears at 16 firms and branches of foreign companies at 12. Nine firms name the SRL-D variant, so ask a firm to explain it in plain terms if it might apply to you. NGOs are named by 16 firms, so the field is not only for trading companies.

Membership of the accountants’ professional body CECCAR is named by 11 firms, with 6 more describing themselves as CECCAR member firms. Others name the tax consultants’ chamber or the auditors’ chamber. Ask to see which body a firm belongs to and what that body covers.

Industries and clients

Real estate comes first, with 13 firms, then construction with 9, energy and IT with 7 each, and automotive, agriculture and retail with 6 each. Client groups named most are NGOs (11 firms), start-ups (10), Romanian companies (10) and Romanian SMEs (8). Five name international groups, and 34 firms in all say they work with foreign clients. That is about a third of the city’s field, so a foreign founder should ask early for a firm that has done the same work before.

Services are broad. Tax compliance and accounting are each offered by 96 firms, payroll by 89, company formation by 83 and VAT by 73. Audit is offered by 41, corporate secretarial work by 46 and virtual office services by 31. Banking help (7 firms) and residency support (10) are scarce.

Languages

Romanian is offered by 97 firms and English by 34. French follows with 7, German with 5, and Italian and Spanish with 4 each. Russian, Ukrainian and Polish appear at two firms each. Filings are in Romanian, so the question to ask is who prepares the Romanian text and whether you receive a translation. Italian speakers can see the Italian-speaking accountants in Romania.

Nearby pages

Two other Romanian cities have their own pages: Timisoara and Cluj-Napoca. For the question of how to choose a provider, see company formation in Romania, or send one request through Accountanty.