Hundreds of thousands of private companies in Romania, whose owners or associates are only individuals, will be exempted from the bureaucratic obligation to submit the annual declaration on the real beneficiary to the Trade Register, according to a law promulgated by President Iohannis. New Law no. 108/2020 amends Law 129/2019 on preventing and combating money laundering.

https://www.startupcafe.ro/taxe/lege-scutire-declaratie-firme-spalarea-banilor-onrc.htm