1. Contact a Romanian Law Firm to help you decide upon the type of company you would like to set up, shareholder structure, management of the Romanian company, information on taxation matters etc. For more details please visit:

http://www.romanianlawoffice.com/company_formation_romania.htm

2. Choose a name for the Romanian company, specify the list of activities (including of course the purchase of Real Estate) and provide details such as passport copies, full name and address etc.

3. The lawyers will draft the Articles of Incorporation (and other similar documents) and will provide them to you to be reviewed and signed, either in Romania if visiting the country or abroad in front of a local Public Notary.

4. After having all the needed documents, your lawyers will file them with the local Trade Registry and you will require a judge's approval for the actual formation of the Romanian company. From this point the Trade Registry will require from 3 to 5 business days to issue the Certificate of Incorporation.

Some other useful information:

1. The Social Capital for a SRL (LLC) is around 70 Euros;

2. There is no need to appoint a Romanian Director (Administrator) or a Romanian shareholder;

3. There is also the possibility of establishing 3 different types of branches/subsidiaries of your existing foreign company, each with its own limitations;

4. You can incorporate the company even without visiting Romania;

5. Your Romanian lawyers will be able to provide a temporary registered office (www.RomanianLawOffice.com).