A company registered in Romania answers to Romanian rules, regardless of where its shareholders sit. The filing calendar, the electronic reporting platforms and the employment paperwork are all built around the Romanian language and around deadlines that move for nobody. For a subsidiary whose finance director works from Vienna, Milan or Amsterdam, that creates a practical difficulty which has less to do with accounting technique and more to do with translation, timing and the ability to ask a question and get back an answer that can be forwarded to a parent company without further editing.
This is the audience addressed by the English-language section of REALCONT®, the commercial brand of REALCONT BH SRL, a Bucharest accounting firm active since April 2004. The Romanian side of the site speaks to local entrepreneurs and administrators of small and medium-sized companies; the English side, according to the presentation published by the firm, is oriented towards companies with foreign shareholders and towards local subsidiaries of international groups that need to stay compliant in Romania. The firm also mentions clients based outside the country and monthly reporting delivered in English.
Who the English pages are built for
The structure of the English section is deliberately narrow. Instead of reproducing the full Romanian catalogue of thirteen services, it groups the offer into a handful of pages: accounting and tax compliance, payroll and HR administration, tax consulting with ANAF support, and company formation for non-residents, alongside a contact page. Visitors who open REALCONT® find the same operational model described on the Romanian pages, restated for a reader who does not follow Romanian legislation on a daily basis and who usually reports upwards to a group finance function.
The company is registered under CUI 16304499 and Trade Register number J2004005427402, with its office on Calea Floreasca no. 169, Sector 1, Bucharest. The working programme published on the site runs Monday to Friday, 09:00 to 17:00, in the EET/EEST time zone, which is a detail that matters more than it sounds for a group whose headquarters sits one or two hours to the west.
Compliance work that follows the local calendar
The core of the offer is ordinary, and the firm does not pretend otherwise. Bookkeeping is handled for companies registered for VAT and for those that are not, with document entry, monthly trial balances and the recurring set of fiscal declarations. The forms named explicitly on the site are D100, D300, D394, D112 and the Single Return. Annual and semi-annual financial statements are prepared separately, with explanatory notes and a verification of correlations before submission.
To that layer the firm adds the electronic reporting obligations that have reshaped Romanian accounting practice in recent years:
- RO e-Factura, the national electronic invoicing system
- e-TVA, including the pre-filled VAT return
- SAF-T reporting through form D406
For a subsidiary, these systems are often the point where a foreign parent loses visibility. Enrolment in the tax authority’s virtual private space and the activation of RO e-Factura appear on the site among the setup steps included in the package for newly registered companies, next to fiscal classification and the single control register. For a group finance function, these are the operations that decide whether Romanian reporting arrives on time or turns into a recurring escalation.
Payroll and personnel files under Romanian labour rules
Payroll is described as a distinct service line: gross-to-net calculation, contributions, overtime, bonuses, deductions and garnishments, payroll registers and payslips, the monthly D112 declaration, holiday and medical leave including the recovery of amounts from the national health fund, and meal, gift or holiday vouchers. Cost reports per employee and per department are also listed, which is usually what a group controller asks for first.
Alongside payroll sits personnel administration: individual employment contracts, addenda, internal decisions, personnel files, job descriptions, internal regulations and the transmission of employment events into REGES-ONLINE within the legal deadlines. Assistance during labour inspectorate controls is mentioned as part of the same package. Written legal opinions on employment matters, minimum wage classification, working time, disciplinary procedures, dismissals and restructuring, telework policies and confidentiality or non-compete clauses are covered by a separate advisory service.
Tax consulting and the exchanges with ANAF
Foreign shareholders tend to arrive with structural questions rather than bookkeeping ones. The tax consulting page addresses exactly those: the choice between the micro-enterprise regime and corporate profit tax, registration for VAT purposes, the balance between salary and dividend remuneration, written tax opinions with legal grounding, and legislative monitoring. According to the information published by the firm, this consultancy is available on a stand-alone basis, without a bookkeeping contract, which allows a group that already has an internal accounting function to buy only the local expertise it lacks.
Support during tax inspections is treated as its own service. It includes an internal review of the audited period before the inspection begins, communication with the inspectors, written answers to compliance notices and formal demands, written fiscal positions, appeals against administrative-fiscal acts and post-control regularisations.
Where the accountant stops and the lawyer begins
One boundary is stated repeatedly across the site and it is worth noting. Legal documentation, including incorporation files and subsequent Trade Register filings, is drafted and assumed exclusively by a collaborating law office whose practitioner is registered with the Bucharest Bar, in accordance with Law no. 51/1995. The role of REALCONT® is limited to administrative coordination, while the registration itself is ordered by the Trade Register. For a non-resident founder, this means the company formation service is a coordinated file rather than a promise that one provider does everything.
Published fees and the people behind the files
Starting fees are displayed openly rather than quoted on request. The published thresholds begin at 70 euro per month for sole traders and independent professionals, 145 euro per month for a company without a VAT code and 170 euro per month for a company registered for VAT. Annual financial statements start at 250 euro, and the Single Return with annual reporting starts at 120 euro. Prices are expressed in euro, exclusive of VAT, and invoiced in lei at the exchange rate agreed in the contract, a mechanism that removes one currency conversation from the negotiation with a foreign parent.
The management team is presented by name. Florin Mihalcea, Chief Executive Officer and Administrator, coordinates strategy, tax consulting for key clients and the relationship with the tax authorities, and writes the articles on the company blog. Luiza Mantu, Chief Financial Officer, is responsible for the organisation of bookkeeping and reporting, the internal double-check procedures, audit assignments and the fiscal calendar. The firm was founded by Reasilvia Mihalcea, an economist who served as General Manager for close to two decades and to whom the site dedicates a memorial page. The team includes chartered accountants who are members of CECCAR, the Romanian professional body, and the activity is covered by professional indemnity insurance. REALCONT® is registered as a trademark with the Romanian State Office for Inventions and Trademarks, filing M 2023 06702 of 11 July 2023.
The working method is described in similar terms. The site refers to an internal double verification of the records before each submission and to centralised tracking of the fiscal calendar, presented as the provider’s responsibility rather than something the client is expected to chase. Statutory audit assignments are contracted separately from current bookkeeping, on grounds of professional independence, so the same team does not review its own work. Each client is assigned a dedicated consultant who answers directly by telephone, e-mail or WhatsApp, which for a subsidiary means a named contact rather than a shared inbox. Collaboration is described as fully online across Romania, at the same fees applied to clients based in Bucharest.
How a first contact usually starts
Enquiries are handled through a contact form, e-mail at office@realcont.ro, telephone on 0765.210.910 and 021.796.59.06, or WhatsApp, and the firm states that a personalised offer is sent within the same working day. Groups evaluating a Romanian provider generally begin with a scoping exchange, and the page for reaching the firm’s English-speaking accountants is built for precisely that first message rather than for a full onboarding.
What the English section ultimately describes is a local practice that has chosen to make its compliance work legible to readers who do not operate in Romanian. For a subsidiary, that legibility is often the difference between a reporting line that functions quietly and one that produces surprises at year end.
