If you were innocently or maliciously deceived in to being told you must set up a company to buy/own property in Romania you currently have problems. These must be addressed as a matter of urgency if you are seeking to get finance on your purchase.
Finance to companies for purchase is only available where the company has been in existance for 1-2 years and can show income that will substantiate the loan sought. This is not applicable to shelf companies and potential purchasors must now take remedial action as time is of the essence.
David Howe LLB. LLM.
INVESTMENT ROMANIA - Investment in Romanaia, Property management, Due diligence, Renting in Romania