Corporate · Capital
Increasing or reducing an SRL’s share capital
Share capital may be increased for financing, admission of a shareholder or compliance with a statutory threshold, and reduced where permitted by law. The transaction must show the source of value, its effect on shareholdings and compliance with creditor-protection procedures.
Why share capital changes
An increase may finance the company, admit an investor, convert certain resources into capital or meet a statutory obligation. A reduction may reflect losses, capital restructuring or a repayment permitted by law.
Capital must not be confused with cash permanently held in the account. Once contributed, funds belong to the company and may be used for its operations subject to accounting and corporate rules.
Increase: contribution, valuation and dilution
The resolution must specify the amount, source, contributors, new shares and contribution deadline. Effects on ownership percentages are calculated before approval.
- Cash contribution: amount, deadline and proof of payment.
- Contribution in kind: property, owner, valuation and transfer to the company.
- Permitted internal sources: checking the accounting basis and legal conditions.
- Shareholder rights: pre-emption, waiver, dilution and majorities.
- Articles of association: new capital, number and value of shares.
- New investor: alignment with transfers, shareholders’ agreement and beneficial ownership.
New capital thresholds applicable in 2026
Law No. 239/2025 established minimum share capital of RON 500 for newly formed SRLs, applicable from 18 December 2025. For SRLs reporting net turnover above RON 400,000, the law establishes a RON 5,000 minimum and a compliance deadline linked to the relevant financial year.
Existing companies must check their financial statements, registered capital and applicable statutory deadline. Where an increase is made exclusively to comply with the new threshold by 31 December 2026, the law provides a 50% reduction in the Official Gazette publication fee.
Reduction and creditor protection
Reducing capital is not merely an accounting operation. The resolution must state the reason and method, while disclosure formalities and statutory periods protect company creditors.
Payments to shareholders cannot be made before the transaction can lawfully take effect. Objections, the asset position and compliance with the company’s applicable minimum capital after reduction must be checked.
- Economic reasons and legal basis for reduction.
- Method: reducing nominal value, share number or another permitted procedure.
- Effect on each shareholder and voting rights.
- Publication of the resolution and creditor-protection period.
- Updated articles and ONRC documents.
- Accounting and tax treatment confirmed by specialists.
How we work together
- 01Assessment of the situation
We clarify the company structure, transaction objective, deadlines and any conditions in the articles of association.
- 02Document review
We check corporate documents, trade-register information and supporting documents relevant to the transaction.
- 03Drafting and alignment
We prepare and align the necessary resolutions, documents and declarations for the share capital change.
- 04Filing and follow-up
Documentation is prepared for signing and filing; we follow requests for additional documents through determination, within the scope of the engagement.
Frequently asked questions
Must every SRL now have RON 5,000 capital?+
No. A new SRL’s minimum is RON 500. The RON 5,000 threshold concerns SRLs exceeding the statutory RON 400,000 net-turnover condition.
Can an investor join through a capital increase?+
Yes, where approval, contribution, shareholder-rights and document-update rules are met. Investment terms are usually also regulated through an investment agreement and shareholders’ agreement.
Can capital be reduced and money returned immediately?+
Not automatically. Reduction follows the statutory procedure, including publication and creditor protection, and repayment occurs only when the transaction can take effect.
Need to increase or reduce share capital?
Send your documents for a legal assessment and a solution tailored to your commercial objective.
Aveți nevoie de asistență juridică urgentă sau de consultanță de specialitate?
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Linkuri utile și legislație