Registration of companies, firms, enterprises in the Republic of Moldova is the prerogative of the Registration Chamber of the Republic of Moldova. The state monopoly, the Registration Chamber of Moldova, registers enterprises within one and five days. An urgent registration procedure is also provided. All documents are submitted in the state language – in Moldovan (Romanian) language.

So, the stages of company registration in Moldova:

1. Choice of types of economic activity.
What will the company do. The choice of types of economic activity is not limited. The exception is licensed activities. For the charter of the enterprise, 5 types will be enough.

2. Selection and reservation of the name.
Typically, multiple names are required to match existing business names. Registration Chamber reserves the name of the future company for a month or six months. In practice, it is possible to reserve the name of the company forever by paying at the end of one of the indicated periods the state fee for a new name reservation.
After paying the state fee, the lawyer will give you a confirmation of the title reservation.
The document indicates the fiscal code of the reserved name (in fact, the future enterprise) and your data.

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 (resident of Moldova), or you should order the Legal address service, for example, in our company.

4. Determination of the director’s candidacy. 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 has no right to combine the position of director (administrator) and another position, if he is not a co-founder of the company being created.

5. Accounting services.
Decide in advance with the accounting department, as an “urgent search for an accountant” can interfere with the normal operation of a newly opened enterprise.
Here we recommend contacting an outsourcing company, for example, our company that provides accounting services. Why? Firstly, you will not have to create working conditions for your future accountant (as required by law), secondly, you will not have to make social contributions to the state budget in the amount of about 45% of the accountant’s salary, and thirdly, the company serving you bears a higher responsibility – responding with its working capital and property.

6. Preparation of constituent documents, Articles of Association in Romanian (Moldavian) language.
All the wishes of the client are taken into account here. Does he want the shares in the capital of the company to be divisible or not, to expand the powers of the director or to keep them standard by law, etc.

7. Preparation, if necessary (if the founders are legal entities or one of them), the relevant decisions and minutes of the general meeting.
Preparation of the entire package of documents from the investor of a legal entity and verification of the “purity” of an individual for 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 Companies House on the basis of an appropriate 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 terms of Registration. The lawyer who accepted the documents appoints the registration date.

10. Choosing a bank and opening a temporary account.
The authorized capital is deposited to the account of the enterprise (in our case, LLC) according to the shares and the amount specified in the Charter, but not less than 5400 Moldovan lei In some cases, the authorized capital must be several times, tens and hundreds of times more. This mainly applies to licensed activities.

11. Obtaining documents on registration of a new legal entity in Moldova.
This procedure can also be carried out by proxy.

12. Opening a permanent bank account.
Here you need to immediately decide what accounts you will have: in Moldovan lei, in foreign currency – in what? There are banks that open multicurrency accounts. Also, immediately decide whether you need the Internet or a client-bank to manage your account remotely. Also, immediately stipulate and determine who will have a signature in the bank. It can also be a confidant. For example, a lawyer or director of the Business Liga company.

13. Registration of the enterprise with all government agencies, including the tax office.
A program of automatic registration of an enterprise in the tax base of Moldova was launched in Moldova. However, for some unknown reason, the tax office still requires the presence of a director or an accountant or a trustee after registering an enterprise within a month with the relevant documents. In order to avoid red tape and waste of your time, you can also order this service from us.