Recent content by Ssrn

Yes in Malta they offer directors for hire. In Romania I haven't found that. My info talking to a lawyer is that in Malta the hired directors soon need a license and will be registered in a publicly available way. So your local tax office might call it a Bluff when they see your director works...

Thanks a lot. I find different opinions regarding the effective management. In Malta and Cyprus you can hire managers (though in Malta I heardthey need a license soon and will be registered, publicly available data. This might undermine the purpose when local tax offices can easily see your...

I'd also be very interested in recommendations about Romanian lawyers/ tax advisors. It looks like all Google searches always lead to the same one company - finding this already a bit dubious.

I could not find anybody who would offer a local director service as they'd be liable from an accounting perspective and it seems to be a risk not many a willing to take? If I'm the director but I live abroad, there's nothing won in regards to local substance, even if I'd pass myself a salary in...

I've found the same situation. It looks great but nobody seems to use it. I have not found any real reason, mostly just 'corruption risk' but very unspecified... Do you have more insides?

Do you have any further reading about the fact that pt doesn't check the effective management of a Romanian company or is this based on experience/ professional advice?

So after a lot a lot of research, what I see as two opposing opinions is: Does there place of effective Mgmt matter or is it enough to have some kind of substance in Romania.