Establishment of a company in the Republic of Moldova
In Moldova, you can register 3 types of enterprises:
1. Individual enterprise – individual entrepreneur – for individuals, citizens of Moldova
2. Limited liability company – LLC or in Moldavian abbreviated as SRL
3. Joint stock company – JSC (Romanian – SA)
Private Limited Company in Moldova have not been registered for some time now
In Moldova, you can register an enterprise within 1 hour to 3 days. The first instance, where the future businessman applies, is the Department of Registration of Enterprises under the Public Services Agency of the Republic of Moldova. When applying to this government agency, you need to be well prepared.
At the Registration Chamber you will need the necessary list of documents:
– passports of the founders,
– 5 names for your company or company (we advise you to choose a lot more names, as often good, sonorous company names are already taken),
– the legal address of the future enterprise (by the way, in Moldova it is not at all necessary that this be the address of residence of one of the founders),
– the necessary amount to pay for the registration of the enterprise and the payment of state fees.
Having reserved the name for the company, you are obliged to open a temporary bank account, which, after the finalization of the documents, will become the permanent account of your company.
To do this, of course, you must have an amount to contribute to the authorized capital.
You can deposit money into the account of the company after its registration. If there is only one founder, the full amount required by law is paid – the authorized capital. When there are more founders, the amount can be paid in installments. If not the entire amount was initially paid, then within six months the rest of the authorized capital.
Bank selection (which bank is better and more suitable).
Our firm prefers to cooperate with only a few reliable banks in the Republic of Moldova. These are reliable banks that have been successfully operating in Moldova for over 20 years. Unfortunately, we cannot disclose on the pages of this site the names of banks that are good in terms of business, so as not to offend competitors or novice banks, some of which, by the way, have recently begun to earn a good reputation.
Registration with the tax office
Within a few days after the registration of the enterprise, it is required to register with the tax office. Here you will be required to provide much more documents. For the first time in the tax office, it is desirable to have both a director and an accountant or an authorized competent lawyer. Because the most unexpected situations and questions can arise.
Registration of enterprises in Moldova. Pitfalls
Unfortunately, when the Moldovan legislators came to the conclusion that, since the propiska institution was withdrawn in Moldova, they allowed the Registration Chamber not to take decisions from the founders of the law-abiding legal address of the future enterprise. This body will simply tell you that you are responsible for the information provided.
Here lies a serious trick. Having already registered a company at the address where, for example, you simply live, but are not registered, you run the risk of starting all over again, that is, amending the company’s charter, but in fact, re-registering it.
The fact is that when registering with the tax office, you will be required not only to provide documents received at the registration chamber, but also a notarized lease agreement or a letter from the owner of the apartment or rented office, stating that it allows you to use the address as legal address of the company.
This is just one example, when an entrepreneur, not fully knowing the rules for registration and registration with the tax office, the rules for maintaining accounting, falls into a stalemate. There are many such examples and only good lawyers with good experience in business consulting can deal with them.
Ready made (shelf) companies
What is a shelf company? This is a real-life, operating enterprise. Even if the firm does nothing, it acts as a subject of tax law. For its maintenance, an accountant and a director are specially hired for further sale, who can lead more than one similar company. Why hire people and maintain such a firm. In order for the client to have the opportunity to buy the company in the shortest possible time – one day. You will never see a ready-made company for sale with a bad name, because the name is one of the most important factors in the purchase of this particular company by a client.
A ready-made company is also a guarantee that you do not have to look for a legal address for a future enterprise.
Unfortunately, in Moldova, only a few serious law firms can offer clients a ready-made enterprise. This is explained by the fact that the demand for ready-made firms has arisen here quite recently and the market has not yet had time to offer businessmen the required number of ready-made firms.
Re-registration of an enterprise
When re-registering an enterprise, many founders face such difficulties as a lack of time to resolve minor in content, but long-term issues. Here it is always convenient to turn to lawyers who have connections and are able to resolve issues in a shorter time.