Types of Companies in Romania in 2026: SRL, SA, PFA, Branch — Which One Should You Choose?

Romania offers several legal structures for doing business — SRL, SA, PFA, branch office — and choosing the wrong one can cost you thousands in taxes, expose you to unlimited personal liability, or block you from the 1% microenterprise regime entirely. This guide compares every entity type available in 2026, updated for the new share capital rules under Law 239/2025, the simplified micro tax regime, and the revised dividend tax rate. Includes a side-by-side comparison and practical recommendations for foreign founders.