Company, firm, and enterprise registration in the Republic of Moldova is the prerogative of the Registration Chamber of the Republic of Moldova. The state monopolist, the Registration Chamber of Moldova, registers enterprises within one day and five days. An expedited registration procedure is also available. All documents are submitted in the state language – Moldovan (Romanian).
So, the stages of company registration in Moldova are:
1. Selection of types of economic activity.
What the enterprise will do. The choice of types of economic activity is not limited. The exception is licensed activities. For the company’s charter, 5 types will be sufficient.
2. Selection and reservation of the name.
As a rule, several names are required in case of matches with existing company names. The Registration Chamber reserves the name of the future company for one month or six months. Practically, you can reserve a company name indefinitely by paying the state fee for a new name reservation at the end of one of the specified periods.
After paying the state fee, the lawyer will issue you a confirmation of the name reservation.
The document indicates the fiscal code of the reserved name (essentially, of the future enterprise) and your details.
3. Legal address of the future LLC, company, or firm.
Here you will need either the Moldovan address of the future director, or you will need to use the address of one of the founders (a resident of Moldova), or you should order the Legal Address service, for example, from our company.
4. Determining the candidate for director. Appointment of the director.
As a rule, the director is appointed from among the founders. But you can also hire a third party. You should keep in mind that the director does not have the right to combine the position of director (administrator) with another position if they are not a co-founder of the enterprise being created.
5. Accounting services.
Arrange your accounting in advance, as an “urgent search for an accountant” can interfere with the normal operation of a newly opened enterprise.Here we recommend turning to an outsourcing company, such as our company, which provides accounting services. Why? First, you will not have to create working conditions for your future accountant (as required by law); second, you will not have to make social contributions to the state budget in the amount of about 45% of the accountant’s salary; third, the company servicing you bears higher responsibility, answering with its working capital and assets.
6. Preparation of constituent documents, the Charter in Romanian (Moldovan) language.
All client wishes are taken into account here. Whether he wants the shares in the company’s capital to be divisible or not, to expand the director’s powers or leave them standard as per the law, etc.
7. Preparation, if necessary (if the founders are legal entities or one of them), of the relevant decisions and minutes of the general meeting.
Preparation of the entire package of documents from the legal entity investor and verification of the “cleanliness” of the individual regarding debts to creditors or the state.
8. Determination of the authorized person. Issuance of a notarized power of attorney.
Our company can represent your interests in the Registration Chamber based on a corresponding power of attorney.
9. Submission of documents to the Registration Chamber of the Republic of Moldova.
The entire set of documents prepared for registration is submitted to the Registration Chamber, indicating the registration deadlines. The lawyer who accepts the documents sets the registration date.
10. Selection of a bank and opening a temporary account.
The authorized capital is deposited into the company’s account (in our case, an LLC) according to the shares and amount specified in the Charter, but not less than 5400 Moldovan lei. In some cases, the authorized capital must be several times, tens, or hundreds of times larger. This mainly applies to licensed types of activities.
11. Obtaining documents on the registration of a new legal entity in Moldova.
This procedure can also be carried out by power of attorney.
12. Opening a permanent current account in a bank.Here you need to decide right away what accounts you will have: in Moldovan lei, in foreign currency – in which one? There are banks that open multi-currency accounts. Also, immediately decide whether you will need internet or client-bank for remote account management. Also, immediately discuss and determine who will have the signature authority at the bank. This could be a trusted person. For example, a lawyer or the director of the company Business Liga.
13. Registration of the enterprise with all state authorities, including the tax inspectorate.
In Moldova, a program for automatic registration of an enterprise in the Moldovan tax database was launched. However, for unclear reasons, the tax office still requires the presence of the director, accountant, or a trusted person within a month after the enterprise’s registration with the relevant documents. To avoid red tape and wasting your time, you can also order this service from us.
14. Preparation of initial employment contracts.
This is a requirement of the labor legislation of the Republic of Moldova. All employees of the enterprise must have an employment contract and a personal employee card with a photo. Initially, accordingly, you need to immediately prepare an individual employment contract with the director (administrator) of the enterprise, and it is advisable to do this even before registering the enterprise.
This service will be free for you – as a bonus when ordering the enterprise registration service through our firm.
WE WISH YOU GOOD LUCK!