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Ease of Doing Business in

Moldova

Moldova Download Profile (1781.1KB, pdf)
Region Europe & Central Asia
Income Category Lower middle income
Population 3,554,150
GNI Per Capita (US$) 2,220
City covered Chisinau

190

1

DB 2017 Rank

1

100

DB 2017 DTF (% points)

  • local_library
  • group
Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 44 47 up
3
72.75 71.64 down
1.11
Starting a Business 44 38 down
6
91.96 92.19 down
0.23
Dealing with Construction Permits 165 162 down
3
54.14 54.09 up
0.05
Getting Electricity 73 97 up
24
74.60 67.48 up
7.12
Registering Property 21 20 down
1
82.92 82.91 up
0.01
Getting Credit 32 29 down
3
70.00 70.00
-
Protecting Minority Investors 42 40 down
2
63.33 63.33
-
Paying Taxes 31 55 up
24
84.76 80.16 up
4.60
Trading across Borders 34 34
-
92.32 92.39 down
0.07
Enforcing Contracts 62 70 up
8
60.87 59.94 up
0.93
Resolving Insolvency 60 58 down
2
52.61 53.85 down
1.24

Positive=Doing Business reform making it easier to do business. Negative=Change making it more difficult to do business.

DB 2017 Rank: 44

DB 2016 Rank: 38

Change in Rank: down6

DB 2017 DTF (% points): 91.96

DB 2016 DTF (% points): 92.19

Change in DTF (% points): down0.23

Standardized Company
Legal form: Limited Liability Company
Paid-in minimum capital requirement: MDL 1
City: Chisinau
Indicator Moldova Europe & Central Asia OECD high income
Procedure – Men (number) info_outline 5.0 4.9 4.8
Time – Men (days) info_outline 6.0 10.2 8.3
Cost – Men (% of income per capita) info_outline 6.2 4.7 3.1
Procedure – Women (number) info_outline 5.0 4.9 4.8
Time – Women (days) info_outline 6.0 10.2 8.3
Cost – Women (% of income per capita) info_outline 6.2 4.7 3.1
Paid-in min. capital (% of income per capita) info_outline 0.0 4.0 9.2
  • No. Procedure Time to Complete Associated Costs
    1

    Reserve company name; file all the documents with the State Registration Chamber for the registration of the company and obtain IDNO number

    Agency: State Registration Chamber

    Under the Law on the State Registration of Legal Entities and Individual Entrepreneurs (No. 220 of 19.10.2007, in force from 30.05.2008) and amendments to it brought by virtue of Law No. 21 of March 4, 2016, the standard term for registration of the company is 24 hours (2 business days).

    The SRC provides options for expedited services in which company registration can be completed within 4 hours (same day).

    The fees for registering companies with the SRC under the expedited term are as follows:
    - State registration: MDL 1149 (24hours)/MDL 4596(4 hours);
    - Incorporation document preparation (editing): MDL 216 (24hours)/MDL 432 (4 hours);
    - Name verification: MDL 71 (24 hours)/MDL156 (4 hours) ;
    - Certification of signatures by the State Registrar: MDL 30 ;
    - Certification of the statutory documents-MDL 80 (constant);
    - Publication: MDL 131 (constant);
    - Extract (for permanent bank account): MDL 252 (constant);
    - Notary fees -MDL 11.

    Apart from the registration cost, the applicant shall order a stamp, the cost of which may vary between MDL 200 and MDL 450.

    In accordance with the Law, the following documents must be submitted to the State Registration Chamber (SRC) in order to register a limited liability company:
    (a) Filled application form (template provided by the SRC);
    (b) Decision on incorporation of the company approved by founder/s;
    (c) Incorporation documents;
    (d) Document confirming payment of applicable registration fees.

    In practice the SRC also requests submission of documents confirming the legal address of the company. Also as a matter of practice, the SRC drafts the incorporation documents and a founder decision in a special form that is supplementary to the decision provided by the founder.

    An unique state identification number is attributed to each legal entity at the date of its registration. It is inserted in the Registration Certificate and in the constitutive act.

    The Law on State Registration of Legal Entities and Individual Entrepreneurs No. 220 of 19.10.2007 allows the booking of the name, under which a person or entity intends to register a company, for a term up to 6 months. In such a way, no other third party will be allowed to register a company under the same name during the booking period.
    The expedited procedure of state registration of the legal entity is 4 hours (1 day), and the regular procedure 24 hours (2 days). MDL 1149 (regular registration cost)
    MDL 1149*4 (expedited, 4-hour registration)
    Stamp: between MDL 200 and MDL 450
    Other fees: see description in Procedure details
    2

    Register the company with the Social Security Fund

    Agency: Social Security Fund

    An entrepreneur needs to register as payer of the state social security contributions with the territorial subdivision of the Social Security Fund where his/her legal address is located.
    1 day no charge
    * 3

    Register with the Health Insurance Fund

    Agency: Health Insurance Fund

    This is another agency where an entrepreneur needs to register a newly created LLC. Representative of the new LLC has to fill out an application form, providing the registration number to the Fund. This is done in person as in practice the State Registration Chamber does not have the capacity to pass the information to the Health Insurance Fund in timely manner.

    The obligation of the LLC to register with the Health Insurance Fund has been excluded on 1 July 2013. However, under the law an LLC is obligated to notify the Health Insurance Fund on any employment/dismissal or other change in the list of employees by the 7th day of the month following the month in which the employment/dismissal or other change took place.
    1 day, simultaneous with previous procedure no charge
    * 4

    Register with the Statistical Agency

    Agency: Statistical Agency

    This is the last agency where the newly created LLC has to be registered. Representative of the new LLC has to go to the Statistical Agency in person to fill out an application form. The issuance of a statistical code at the moment of registration with the State Registration Chamber does not allow the company to be fully operational.
    1 day, simultaneous with previous procedure no charge
    * 5

    Register as a VAT taxpayer

    Agency: Tax Authority

    According to Article 2 of the Law No. 206 dated 07.07.2006 on Small and Medium-sized Enterprises, any legal entity carrying out business activity is required to register as a VAT payer if during any 12 consecutive months such legal entity performs taxable supplies of goods/services exceeding the threshold of MDL 600,000, with exception of VAT-free supplies.
    1 day, simultaneous with previous procedure no charge

    * Takes place simultaneously with previous procedure.