Setting up a company in Romania can be done relatively easily. The most common legal forms are SRL (limited liability company) and SA (public limited company). An SRL can be wholly foreign owned and directed. Reserving the company name is the first step and is done by checking availability and validity for up to 3 months. During the initial visit after incorporation, the service provider will open bank accounts, arrange phone and internet services, and appoint an accountant to activate the new company.