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Share patrimony account

The share capital/patrimony account is a special account used by the shareholders of the company/founders of the organisation to deposit the amount required for incorporation.

 

  • no fee for opening a share capital account
  • no charges on the transactions performed in/from the share capital account
  • 0 balance at opening with the possibility of being funded later

How does the share capital account work?

 
  • it can be opened in Lei or foreign currency
  • transactions allowed: cash deposits or transfers from the shareholder’s or founder’s account to submit guarantees for the start-up of the business 
  • after the establishment of the company, the amounts in the share capital account can be withdrawn in cash or transferred to the company’s current account.

 

 

What documents should I submit to the bank for the release of the amounts in the share capital account in case I no longer want to establish the company?


In case you no longer want to establish the company, the documents required for withdrawing the amounts from the share capital account are the following:
 

  • a certificate delivered by the Trade Register Office stating that the company has not been established yet

or
 

  • the shareholders’ certified statement specifying that they give up on the establishment of the company and the registration with the Trade Register Office
  • the original identity papers of the persons performing the money withdrawal/ transfer.

 

How do I convert the share capital account into a current account?


After the establishment of the company, the share capital account can be converted into a current account after filling in the appropriate bank forms (Bank relationship form, Signature specimen) and submitting the documents below:
 

  • The certificate of registration with the Trade Register
  • The registration statement issued by the delegated judge within the Trade Register
  • The document attesting the establishment of the company (specific to each category)
  • Articles of incorporation/ articles of association/ partnership agreement of the company to be established
  • Documents certifying the capacity as representative (articles of incorporation/ certified power of attorney/ standard power of attorney)
  • The representative’s/ representatives’ identity card(s)
  • Proof delivered by the Trade Register Office regarding the company’s availability