Closing authorised natural persons (PFA), individual undertakings (II) and family businesses (IF)

In accordance with Emergency Order No 44 of 16 April 2008 on the pursuit of economic activities by authorised natural persons, individual undertakings and family businesses, as subsequently amended and supplemented, authorised natural persons cease trading and are removed from the trade register in the following cases:

• on the death of the authorised natural person;
• at the wishes of the authorised natural person;
• pursuant to Article 25 of Law No 26/1990, republished, as subsequently amended and supplemented. An application for removal from the register, accompanied by a certified copy of the supporting documents, where applicable, must be submitted by any interested person to the trade register office attached to the court with jurisdiction in the area where their registered office is based.

The documents required to remove authorised natural persons, individual undertakings and family businesses from the trade register can be found here. Other supporting documents may be ordered to be produced by means of a reasoned resolution.

The application for registration and the documents required by law, filed and numbered, must be submitted by the applicant directly to the National Trade Register Office, by post with a note declaring the value and acknowledgment of receipt, or electronically. Applications sent electronically via the online services portal or by e-mail must have a qualified electronic signature integrated, attached or logically associated. If the documents are sent by post, a photocopy of the applicant’s identity card, duly certified by the holder and bearing the original signature, must be enclosed therewith.

A certificate of removal from the register, accompanied by the decision, will be issued as a result of the procedure.

You can find more information on the removal of natural persons (PFA, II and IF) from the register on this page of the National Trade Register Office.

Closing a business for legal persons

A company is dissolved:

1. on expiry of the business operating period;
2. when the purpose of the business can no longer be pursued or the purpose has been achieved;
3. by the company being deemed invalid;
4. by decision of the general assembly;
5. by a court decision, at the request of any partner, for a good reason, such as serious disagreements between the partners that prevent the operation of the business;
6. when the company goes bankrupt;
7. for other reasons provided for by law or the company’s memorandum of association.

The assistance services of the trade register office attached to the court may, in return for payment, draw up documents, have documents authenticated or, where applicable, record documents with a certain date or provide guidance on how to correctly complete the application for registration.

You can find more information on dissolution, liquidation and removal of legal persons here.