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Romania belongs to the EU but not to the euro area, so an SRL’s home currency is the leu and its IBAN begins RO. Euro payments still travel on SEPA, where the European Payments Council lists Romania with RON as its currency. Banca Națională a României authorises and supervises the banks under Romania’s banking ordinance and the EU capital requirements regulation. The deposit guarantee fund protects balances in any currency but compensates in lei, which matters to an SRL keeping most of its money in euro.
Foreigners may found and manage an SRL without living in Romania; Law 31/1990 draws no line between Romanian and foreign associates or administrators, although non-residents need a Romanian tax identification number. The banks’ self-service channels are narrower. Banca Transilvania opens a business account in its BT Go app in about fifteen minutes, but only for a sole associate who is also the legal representative, resident in Romania and holding an identity card issued there; everyone else goes to a BT unit. Libra Internet Bank’s online account requires every associate above 20 per cent to be a Romanian citizen and the administrator to be a resident Romanian citizen, and it shuts out gambling and betting activity codes. At BT, a foreign-owned SRL therefore opens at a unit.
| Provider | Type | Rule for an SRL with foreign owners | Channel |
|---|---|---|---|
| Banca Transilvania | Romanian bank | BT Go online opening needs a resident sole associate with a Romanian identity card | BT unit for everyone else |
| Libra Internet Bank | Romanian bank | Online account for companies whose associates above 20 per cent are Romanian citizens and whose administrator is a resident Romanian | Online for eligible companies only |
| Airwallex | Payment provider, not a bank | Lists Romania among supported registration countries, onboarding through Lithuania | Online |
| Wise Business (Wise Europe SA) | Belgian payment institution | Romania is a country where customers may hold money, though RON account details are not offered everywhere | Online |
| Revolut Business (Revolut Bank UAB) | Lithuanian bank with an ECB licence | Wants evidence of EEA presence and an applicant living in an EEA country, Switzerland or the UK | Online |
Libra Internet Bank’s list for its online account, together with the tax number the law requires of non-residents:
The Fondul de Garantare a Depozitelor Bancare guarantees the lei equivalent of €100,000 per depositor per bank, for legal persons as well as individuals and whatever the depositor’s nationality or residence. Deposits in lei, euro, dollars, sterling or Swiss francs all count, but compensation is paid in lei at the BNR rate on the day of failure, starting within seven working days. Two limits matter for an SRL: only banks that are Romanian legal persons belong to the FGDB, so a Romanian branch of a bank from another EU state is covered by its home scheme, and money held as electronic money is not covered.
If you are buying a ready-made Romanian SRL, check what its bank will do after the sale. Romania does not appear on our pre-banked shelf company page, so a usable account comes down to the particular bank. A change of associates does not take the account away from the SRL, which owns it; what follows is the bank’s review of the incoming associates, administrator and signatories, after which it carries on, requests more papers or closes the relationship.
We form SRLs through company formation in Romania, sell ready-made ones and help assemble the papers the bank will review. When a bank we already work with suits the business, we can arrange an introduction, and approval remains entirely the bank’s. Country background is on our Romania overview.
The SRL can, and its foreign associates and administrators need no Romanian residence, only a Romanian tax identification number if they are non-residents. The online routes of Banca Transilvania and Libra Internet Bank are for Romanian residents or citizens, so a foreign-run SRL goes to a branch, as BT asks. Revolut, Wise and Airwallex accept Romanian companies online on their own conditions.
It can be, but the bank has the last word. Selling the shares leaves the account in the SRL’s name; the bank then re-examines whoever now owns, runs and signs for the company and decides whether to continue, ask for further documents or close the account. Romania is not on our list of pre-banked markets, so check the specific bank before relying on the account.
The leu is Romania’s currency and IBANs begin RO, while euro payments use SEPA, and Romanian banks hold other currencies too: the FGDB guarantees balances in lei, euro, dollars, sterling and Swiss francs alike. Any compensation, though, would be paid in lei at the central bank’s rate on the day of failure.
The FGDB covers the lei equivalent of €100,000 per depositor per bank, and it confirms that company deposits are guaranteed apart from the exceptions in Annex 1 of Law 311/2015. It covers only banks that are Romanian legal persons; deposits at a branch of a bank from another EU state fall under that state’s scheme, and electronic money is not covered.