Accounting in Romania: the complete guide for foreign founders

If you own a Romanian SRL, or plan to open one, accounting is not optional and not something to set up later: the obligations start at incorporation. This guide maps what the law requires, what a full service covers, what it costs, and how it works when the owner lives abroad.

Romanian accounting is governed by the Accounting Law (Law 82/1991). The books must be kept in double entry, in the Romanian language and in RON, regardless of where the shareholders live or what currency the company invoices in. The obligation applies from day one and continues even with zero activity — dormant companies still file declarations.

• —Tax declarations are filed electronically through SPV, the online portal of ANAF (the tax authority).
• —B2B invoices flow through e-Factura, the mandatory national e-invoicing system, with coverage extended in stages.
• —Annual financial statements are filed with the Ministry of Finance — for companies, roughly 150 days after year end at the review date.
• —If the company employs staff, contracts must be registered in REVISAL before the start date and payroll is declared monthly.

In practice the books are kept by an authorised accountant — Romanian firms are organised under CECCAR, the national body of expert accountants. The founder never files anything personally; the accountant does, under a written mandate.

For a fuller description of how we deliver each of these, see our accounting services page.

Local mass-market accounting for a small company commonly runs a few hundred RON per month. English-speaking, international-grade service — where reports, explanations and support come in English and foreign payment platforms are handled routinely — typically runs from around €100 to €300+ per month depending on volume and complexity. The main price drivers are document volume, VAT registration, payroll and cross-border activity.

We break the market down in detail in how much an accountant costs in Romania, and our own packages are published openly on the pricing page.

A foreigner — EU or non-EU — can own 100% of a Romanian SRL and act as its administrator; no local shareholder is required. Because filings, invoices and official mail are all electronic, the accounting relationship works fully remotely: you send documents digitally each month, the firm records and files everything, and you receive a summary you can actually read. Company changes, when needed, are filed at the Trade Register (ONRC).

The practical requirements for non-resident owners — documents, dividend flows, tax residency certificates — are covered in our guide to accounting for foreign-owned companies.

• —Waiting until the first deadline to hire an accountant — obligations start at incorporation, not at first revenue.
• —Choosing purely on price and discovering the firm cannot communicate in English or handle Stripe, PayPal or Wise.
• —Nobody monitoring SPV — official notices sit unread until they become penalties.
• —Assuming a dormant company files nothing.
• —Staying too long with an unresponsive accountant; switching is a standard, low-risk process when done in order.

If the last point sounds familiar, our switch-accountant checklist explains the clean handover.