Currently, there are 14 banks in Moldova. In our opinion, the most democratic, reliable, and suitable bank for conducting business remotely is OTP Bank (formerly MOBIASBANCA Group Societe Generale S.A.). The loyalty of the bank employees is commendable, as is the ability to have personal contact for urgent issues. It is also convenient to work with a power of attorney from the account holder (the owner or director of the enterprise).
Recently, banks have allowed one signature to process payments. You do not need to specify an accountant, especially if you are served by an accounting firm.
The processing time for a temporary bank account for depositing the authorized capital is between half an hour to one hour. Opening permanent accounts occurs within the same time frames. However, current accounts are not activated immediately, but only after confirmation from the tax authority. This usually takes from 2 to 5 days.