Business Reforms in Moldova

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

DB2013:

Positive Protecting Investors:

Moldova strengthened investor protections by allowing the rescission of prejudicial related-party transactions.


Negative Paying Taxes:

Moldova made paying taxes more costly for companies by reintroducing the corporate income tax—but also made tax compliance easier by encouraging electronic filing and payment.


Negative Enforcing Contracts:

Moldova made the process of enforcing a contract more difficult by abolishing the specialized economic court.


Positive Resolving Insolvency:

Moldova strengthened its insolvency process by extending the duration of the reorganization proceeding and refining the qualification requirements for insolvency administrators.


DB2012:

Positive Starting a Business:

Moldova made starting a business easier by implementing a one-stop shop.


Positive Getting Credit:

Moldova improved its credit information system by establishing its first private credit bureau.


Positive Enforcing Contracts:

Moldova made enforcement of judgments more efficient by introducing private bailiffs.


Positive Resolving Insolvency:

Moldova amended its insolvency law to grant priority to secured creditors.


DB2011:

Positive Paying Taxes:

Moldova reduced employer contribution rates for social security.


DB2010:

Positive Starting a Business:

Moldova eased the business start up process by implementing an expedited company registration service and made the process of authentication of specimens of signatures when opening a corporate bank account optional.


Positive Registering Property:

Moldova made it easier to register property by removing the requirement of cadastral sketch leading to a reduction in procedures and time.


Positive Paying Taxes:

Moldova has eased the burden of taxes on business reducing the social security taxes as paid by the employer.


DB2009:

Positive Starting a Business:

New laws on LLC and registration simplified the business registration requirement, resulting in time being reduced by half.


Positive Getting Credit:

Moldova approved a new credit bureau law to facilitate the creation of a private credit bureau. The bureau will distribute credit information that banks can use to evaluate the creditworthiness of potential borrowers.


DB2008:

Positive Starting a Business:

Moldova made starting a business simpler by eliminating the requirement to obtain permission from the State Inspectorate of Labor before starting a business. The State Registration Chamber has started to receive on-line applications on (www.mdi.gov.md) for reservation of enterprises names and issue of Extracts from the State Register.


Positive Paying Taxes:

Moldova reduced the tax burden for companies by reducing the corporate income tax rate.


Positive Enforcing Contracts:

Moldova updated its civil procedure law to make it compliant with international standards and took measures to reduce corruption.


Subnational Reforms

See subnational business reforms in South East Europe

Reform Summaries


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