Starting a Business (SRL – DEBUTANT): Up to 10,000 EUR in State Support for New Entrepreneurs)

Encouraging entrepreneurship and supporting the creation of new businesses is essential for economic growth and increasing employment. One tool to achieve this is promoting start-ups through the legal framework provided by Emergency Government Ordinance No. 6 of 2011.

According to the legislation, a beginner entrepreneur is defined as an adult, competent individual who has not previously owned or held shares in another business. This person must establish their first limited liability company (LLC) and declare, under their responsibility, compliance with the legal requirements.

Only microenterprises organized as LLCs with indefinite duration, founded by one or more beginner shareholders (up to five) who also act as managing directors, are eligible to apply for the program. The company’s articles of association can include up to five business activities, excluding financial and insurance brokerage, real estate activities, gambling, trade in weapons, alcohol, tobacco, or any activities excluded from state aid under European regulations.

The start-up is officially established as an LLC upon registration with the Trade Registry, and its name must include the term “debutant.”

Why Is Starting a New Business So Appealing?

As a debut LLC, we are eligible for a non-repayable state grant covering up to 50% of our business plan, up to a maximum of 10,000 EUR, provided we can demonstrate co-financing sources.

Additionally, there is a guarantee of up to 80,000 EUR to cover potential loans taken to fulfill the business plan.

Cost-saving provisions include full exemption from Trade Registry fees for company registration and exemption from social security contributions for up to four full-time employees.

To qualify for these benefits, the start-up must employ at least two people on indefinite, full-time contracts while maintaining its microenterprise status.

Under the law, the start-up status expires three years after the company’s registration, if tax obligations are not met within 45 days of their due date, or if turnover reaches 500,000 EUR.

Starting a new business is both exciting and challenging, and the cost-effective solutions provided by law can offer significant support for achieving successful outcomes.