Before paying the first invoice to a Romanian company

Due diligence is a must: I need to do my homework or I risk having surprises. The supplier might be inactive, or with its VAT code cancelled

BEFORE PAYING AN INVOICE

• if it’s made in Word/Excel it's a risk

PUBLIC TOOLS

• Tax Agency ANAF

  • https://www.anaf.ro/inactivi/ - check if the company is active

  • https://www.anaf.ro/RegistruTVA/ - check if the company has a valid VAT code

  • https://www.anaf.ro/restante/ - check if the company has tax debts above EUR 20 000

• Ministry of Finance

  • https://mfinante.gov.ro/domenii/informatii-contribuabili/persoane-juridice/info-pj-selectie-dupa-cui - check if the company has positive equity // companies with negative equity are a risk

• Trade Registry

  • https://portal.onrc.ro/ONRCPortalWeb/appmanager/myONRC/signup?p=infoCert obtain a Certificat Constatator - a snapshot of the information as of the date of request // automatic, instant, for a fee of EUR 9

  • https://portal.onrc.ro/ONRCPortalWeb/appmanager/myONRC/public?_nfpb=true&_pageLabel=login#wlp_login obtain a full company history // takes up to one week because the Trade Registry does it manually, for a fee of EUR 50