Many European companies choose to expand their operations in Romania, either by establishing subsidiaries or by setting up new local legal entities. In this context, the question often arises regarding the possibility of appointing a European citizen who is not a Romanian tax resident as an executive director of a Romanian company.
The Romanian foreign direct investment regime requires investors to file a notification when they take control or become effectively involved in the management of a company operating in Romania, if the transaction concerns a sensitive sector and exceeds the threshold of two million euro. For transactions in critical sectors below this threshold, investors can file voluntary notifications and the Romanian authorities encourage them to do so proactively.
Timisoara, 7 July 2025 - Baldi & Partners (baldiandpartners.it), a multidisciplinary law, financial, tax and consulting firm based in Italy, and Hategan Attorneys (hategan.ro), one of Romania’s most respected law firms, announce the setting up of a strategic and innovative partnership. This collaboration is designed to support the international growth of clients not only in Romania and Italy, but also across emerging markets in Central and Eastern Europe (CEE), offering integrated legal and business advisory services tailored to a rapidly evolving regional landscape.
Back in the article "Transposition of the Corporate Sustainability Reporting Directive in Romania," published in Issue 12.3 of the CEE Legal Matters magazine, we explored the regulatory landscape of ESG in Romania as part of CEELM's market snapshot. Here's a case study of what ESG means in practice, a project started 10 years before the ESG legislation but focusing on the same values and principles.
At the end of 2022, the European Union adopted Directive (EU) 2022/2555 (NIS 2), aimed at establishing a high common level of cybersecurity across the Union. It represents a significant update and extension of the NIS 1 Directive, adapted to the current context of digital threats and interdependencies.