Setting up a company has been way easier in today’s fast-moving business environment due to digital developments. Among EU countries, Romania is famous for its economic growth and business-friendly governmental policies.
The government is keeping up with technologies to reduce the tediously long process of getting the company registration number. The CRN is an identification number provided by the ONRC. It gives legal recognition of the existence of a business in Romania.
This article unleashes the power of digital tools for the awarding of a CRN. Let’s look at the practical benefits such digitization brings about in this process and how entrepreneurs can seamlessly work through this system.
The Role of Digitization in Business Registration
Early company registration in Romania involved many physical procedures. Any entrepreneur had to go through the wearing processes of visiting administrative offices, filling out forms in person, and waiting patiently for approval.
However, within the extended e-governance strategy, the Romanian government has initiated several digital solutions to decrease bureaucracy and fuel entrepreneurship. Today obtaining a Romania company registration number is just a breeze.
From filing the very applications to an allocation of a unique CRN, everything is online available. That is due to the innovative e-filing platform of ONRC. With this system, one can interact with the Trade Register fully in an electronic format.
Upcoming Trends in Digital Company Registration
Based on the fact that the government of Romania doesn’t stop working on improving the digital company registration infrastructure, we will shortly see such trends as:
1. Widespread Adoption of AI
Many experts talk about the evolving trend of AI-powered software. Using these kinds of systems can guide applicants through the process and offer real-time feedback regarding errors, incompleteness, and improvements. It is believed that this will propel digital enrollment even more.
2. Blockchain Edge
Undoubtedly, blockchain technologies are the future. In the context of obtaining the CRN, they may play a crucial role. Blockchain integration promises to heighten the level of protection and transparency.
The integration of blockchains promises to enhance the level of protection and make it more transparent. This, in particular, is going to be instrumental in record-keeping procedures and document verification
3. Streamlined User Interfaces
The experts of the ONRC platform are already improving the user interface. It will become even more easy to use, also involving multilingual support for a broad scope of applicants.
Advantages of Digital Processing
1. Increased Acсess
The website for the application is servable both to local and foreign entrepreneurs. The platform caters to many languages, so it is easy to access even for those who wish to establish a company in Romania from abroad. Thus, it attracts immense investment profit which contributes a great mile to the economics of the country as a whole.
2. Compliance with EU Standards
Another valuable boon is that Romania aligns its digital processes with EU directives on e-governance. To entrepreneurs, it means a reliable and secure environment. So, if one decides to evolve the business in Romania, transparency and protection by law are for sure.
3. Time Effectiveness
Time is its worth in gold in our busy pace of life. The modern digital system targets preserving considerable time while getting a company registration number. Businessmen can now escape the long queues and daunting paperwork. Instead, they may apply just from their offices or homes in a few clicks.
4. Cost Efficiency
Last but not least advantage concerns cutting down on expenses. Digitalization helps save the budget by minimizing overlayed costs related to documentation bureaucracy, and delivery services. It also prevents errors that may lead to incredibly costly delays.
Possible Challenges to Face with the Digital Procedure
1. Tech Glitches
Similar to any other software-driven system, the digital platform of ONRC can have some technical problems. Usually, these malfunctions happen once in a blue moon. But if you are out of luck to encounter a sort of them, server downtime and errors during document upload may waste your time and nerves.
2. Digital Literacy
It is common amongst businesspeople, especially older generations, to experience issues with digitized processes. The inability to seize online features and affix signatures digitally limits their accessibility to a legally correct, swift company registration agenda.
3. Legal Nuances
Some entrepreneurs still find it complex to understand the registration’s legal requirements in digital format. So, it would be better to consult with legal experts to meet the required compliance.
Steps to Get a CRN through Digital Means
1. Preparation of Obligatory Documents
The stepping stone before accessing the online application in Romania is the preparation of all the required documents. The businessman can find them on the webpage of the Romanian state.
These are the statutes of the company, the proof of the registered office, and the identification of associates/shareholders or directors. For most of the documents required, one can draft and even sign digitally using electronic signatures.
2. Submission via ONRC’s Website Online
The customized, easy-to-use online platform of ONRC implies an easy, quick application and uploading of documents. Just log on to their website, fill out the form for the company registration, and wait for approval. This system reduces the time and effort wasted in visiting different physical institutions.
3. Authentication by Providing the Electronic Signature
The e-registration process in Romania is highly entrepreneur-friendly. One can verify their identity and sign the documents with a digital signature immediately after submitting the application online. The process is undeniably secure as per EU norms.
4. Payment of Registration Fee
Once passed authentication, payment of registration fees comes next. Again, any entrepreneur can easily pay the fee online through the portal. This further streamlines the t agenda of registration, ensuring perfect seamlessness.
5. Issuing of Company Registration Number
After all steps are done, it takes three days to review this application. If an entrepreneur gets approval, then the CRN will arrive via email. Generally, digital processing is simpler and smoother compared to conventional methods.
Tips on How to Leverage the e-Filing Portal for Business Persons
- Spend some time getting acquainted with the operating principle behind the e-filing.
- Turn to professional advisory services for a trouble-free experience.
- Make sure your e-signature is in compliance with Romanian legislation.
- Carefully scan filing documents for errors before submission to avoid delays.
