Moldova

Ease of Doing Business in

Moldova

This page summarizes Doing Business 2014 data for Moldova. The first table lists the overall "Ease of Doing Business" rank (out of 189 economies) and the rankings by each topic. It also lists the economy's distance to frontier (DTF)** measure. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Region Europe & Central Asia
Income Category Lower middle income
Population 3,559,541
GNI Per Capita (US$) 2,070
City covered Chisinau
Doing Business 2014 Rank Doing Business 2013 Rank*** Change in Rank
78 86 down 8

Doing Business 2014 DTF** (% points) Doing Business 2013 DTF** (% points) Improvement in DTF** (% points)
64.51 62.30 down 2.21
Positive=Doing Business reform making it easier to do business. Negative=Doing Business reform making it more difficult to do business.
 

Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2014 Rank 81 DB 2013 Rank*** 93 Change in Rank up12
DB 2014 DTF** (% points) 88.61 DB 2013 DTF** (% points) 86.32 Improvement in DTF** (% points) up2.29

Information on new business density and number of newly created firms with limited liability can be found at Entrepreneurship Database.

Indicator Moldova Europe & Central Asia OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

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Procedures (number)
6 5 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

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Time (days)
7.0 12.8 11.1

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

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Cost (% of income per capita)
5.4 6.7 3.6

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

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Paid-in Min. Capital (% of income per capita)
8.1 3.5 10.4
No. Procedure Time to Complete Associated Costs
1 File all the documents with the State Registration Chamber for the registration of the company; obtain IDNO number; reserve company name 2 days about MDL 1,424 (registration cost + stamp fee)
* 2 Open a temporary bank account and deposit at least 40% of the registered capital of the company; pay the registration fee 1 day, simultaneous with previous procedure no charge
* 3 Obtain an official stamp from the Ministry of Information Technologies and Communication; and obtain statistical codes 1 day, simultaneous with previous procedure no additional charge the costs are covered by the charges listed in Procedure 1
4 Register with the Territorial State Fiscal Inspectorate 1-3 days no charge
5 Convert the company’s temporary bank account to a permanent one 1 day no charge
6 Register the company with the Social Security Fund 1 day no charge
* Takes place simultaneously with another procedure.

** The distance to frontier (DTF) measure shows the distance of each economy to the "frontier," which represents the highest performance observed on each of the topics including Getting Electricity across all economies included in Doing Business. An economy’s distance to frontier is indicated on a scale from 0 to 100, where 0 represents the lowest performance and 100 the frontier. Read more...

***Last year's rankings are adjusted: they are based on 10 topics and reflect data corrections.

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