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September 28, 2021

ONRC’s Mihalcea: We hope on-line business name reservation service becomes active by year end

An on-line service for 90-day business name reservations for start-ups could become operational by the end of the year, Director General of the National Companies Registry Office (ONRC) Silvia Calin-Mihalcea said Saturday, adding that after 90 days a fee would have to be paid by card for the name.
‘On-line name reservation is currently possible but we are talking about on-line application only while behind the operation there is still the human factor at the counter. Our new service will exclude human presence. The reservation will be available on line 24/7 and payments will be made by card. If a name is available, a 90-day reservation can be made, after which a fee is paid,’ said Mihalcea.
She explained that generally speaking the applicants for a new company come to the ONRC with three names in mind, but when they reach the counter they are told that none of the three names are available. She said the new service will cut off waiting times.
State Secretary with the Justice Ministry Alin Lucian Antochi said one of the projects being worked out aims to cut the time between a person comes to register a new company with the ONRC and the company registration documents are issued, estimated at 24 hours.
‘For instance, if someone shows up at the counter today trying to set up a commercial company, the documents needed for the set up will be ready in 24 hours, that is the next day. The time it currently takes for the documents to be issued is not long either, I guess it is three days, but I hope the new measure will send a positive signal to the private sector and an invitation to those who contemplate starting up in business. We are currently assessing the project at the Justice Ministry and if things go on according to plan, corroborated with other initiatives regarding on-line name reservation, we hope to implement toe initiative this year,’ said Antochi.
The ONRC on Saturday held an open house event to inform visitors about its business.
Visitors could tour the building and visit and exhibition of file documents from the 18th to the 20th centuries, the coat of arms of 18th century trade guilds, an exhibition mounted in partnership with the National Archives of Romania and the National Museum of Romanian History. Access for the first time was granted to the archives of the Bucharest and Ilfov Companies Registry Offices with 1,606,257 volumes that provide recordings of more than 500,000 individual and legal traders.
The National Companies Registry Office is a public organisation with a legal personality that operates under the authority of the Justice Ministry. It is hundred percent funded from the national budget and its business is regulated under Law 26/1990 concerning the companies registry, as subsequently supplemented and recast.


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