Hi everyone,
I have been researching quite a bit about Romania. Here is my idea, though still have one issue that is not clear to me.
- I plan to setup a company in Romania. I will be director initially.
- I will hire at least one employee (might hire more later) and also make her/him director in the future so that effective place of management remains in RO.
- The company will have a small office (economic substance) but employees can work from home.
I will be UBO in another EU country. So far, so good. Problem is, as far as I understand, to comply with tax authorities in my home country, the local director needs to be single signatory for the bank account. So I can't ask bank to put myself as co-signatory.
In this situation, is there any way to secure company funds from misuse?
I asked this to company formation service and their answer was not satisfactory (basically said not to give access to him/her). I would really appreciate your thoughts/inputs.
I have been researching quite a bit about Romania. Here is my idea, though still have one issue that is not clear to me.
- I plan to setup a company in Romania. I will be director initially.
- I will hire at least one employee (might hire more later) and also make her/him director in the future so that effective place of management remains in RO.
- The company will have a small office (economic substance) but employees can work from home.
I will be UBO in another EU country. So far, so good. Problem is, as far as I understand, to comply with tax authorities in my home country, the local director needs to be single signatory for the bank account. So I can't ask bank to put myself as co-signatory.
In this situation, is there any way to secure company funds from misuse?
I asked this to company formation service and their answer was not satisfactory (basically said not to give access to him/her). I would really appreciate your thoughts/inputs.