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Registration of companies in Moldova

MAIN LAWS ON COMPANY REGISTRATION IN MODOVA:

The Civil Code of Republic of Moldova (June 6, 2002), the Law of Republic of Moldova “On the State Registration of Legal Entities and Sole Proprietors” (October 19, 2007), the Law of Republic of Moldova “On Limited Liability Companies” (June 14, 2007).

MAIN BUSINESS LEGAL STRUCTURES IN MOLDOVA:

• Limited Liability Company (SRL).
• Joint-Stock Company (S.A.).
• Representative Office/Branch.

To choose which legal structure of business in Moldova is best for you, you can order us to draw up a legal report, in which we compare pros and cons, as well as tax burden of a certain legal structure.

NAME OF AN LLC IN MOLDOVA:

To reserve a company name, one needs to turn to the Registration Chamber of Moldova. Before the reservation, you have to select at least five unique names for a future company. Approval, selection and reservation of a name take around 2 days.

MINIMUM AUTHORIZED CAPITAL OF AN LLC IN MOLDOVA:

The amount of the authorized capital is established by the founders in the company’s Articles of Association. The authorized capital may be paid up upon registration: the requirement to transfer money before registration of a company has been cancelled.

MAIN SERVICES OF REGISTRATION OF A COMPANY IN MOLDOVA:

1. Preparation of constituent documents of an LLC;
2. Registration of an LLC in tax authorities;
3. Ordering and receiving of a seal of an LLC;
4. Registration of data of an LLC in extra-budgetary funds;
5. Opening of current accounts for an LLC in Moldova and abroad.

BACKGROUND DATA REQUIRED FOR REGISTRATION OF AN LLC IN MOLDOVA*:

1. Company name;
2. Registered address (can be provided by us);
3. Participant’s data (name, citizenship, passport/company’s constituent documents);
4. Amount of the authorized capital;
5. Kinds of activities;
6. Chosen bank in Moldova and kinds of accounts to be opened therewith;
7. Selection of the taxation system (common, simplified);
8. Other documents and data at the request of the experts of ALPS & CHASE.*
9. *All of the documents must be provided in advance, so we have time to translate them into Moldavian.

All provided documents must be notarized and legalized in Moldavian Embassy of a participant’s (shareholder’s) country or apostilled according to Hague Convention of 1961 by the relevant authorities after notarization.

For the participants from CIS countries (Russia, Belarus, Uzbekistan, Tajikistan, Armenia, Ukraine, Kyrgyzstan, Moldova, Turkmenistan, Azerbaijan, and Georgia), no apostilization or legalization of the documents is required according to the Minsk Convention on Legal Assistance and Legal Relations in Civil, Family and Criminal Cases (dated January 23, 1993) (note – depending on the kind of legal actions, there can be some exceptions in the document apostilization rules).

PRESENCE OF THE PARTICIPANTS DURING REGISTRATION OF A COMPANY:

Presence of the founders during a company registration in Moldova is not necessary. The main registration activities will be performed by our experts under a Power of Attorney. The presence of the Director General is necessary only at the opening of bank accounts.

TERM OF REGISTRATION OF AN LLC IN MOLDOVA:

Registration of an LLC with foreign participation takes at least 1-3 business days, as well as the registration of a Representative Office or a Branch.

At the time of opening of an account, a bank may delay a process of unblocking of a permanent account for a term of 3-5 days (due to waiting for the tax inspectorate’s approval).

When planning the term of registration, please, take account of the time necessary for preparation, translation and sending of the documents.

APPOINTMENT OF THE GENERAL DIRECTOR IN MOLDOVA:

You can appoint either a citizen of Moldova or a foreign citizen to a position of the General Director . To appoint a foreign citizen to a position of  the director, one has to obtain a work permit.

If you have no time to obtain a work permit for the Director General or you need his/her permanent presence for settlement of administrative matters, our company will provide you with the service of temporary directors in Moldova. Such directors can perform various tasks, interact with the tax inspectorate, customs or the banks.

The main requirement to use this service is a complete legality of the client’s business.

OTHER SERVICES IN THE AREA OF REGISTRATION OF A BUSINESS PRESENCE IN MOLDOVA:

Registration of a Branch and a Representative Office in Moldova

Registration of a Permanent Establishment in Moldova