Opening of the company in Moldova

GLS Law Company Services: Opening a Company in Moldova

Businessmen who decide to register a company abroad often consider the Republic of Moldova. This wonderful country can be an excellent option for expanding your business. Its advantageous geographical location, the presence of free economic zones, and developed infrastructure are just a few of the advantages for businessmen.

If you decide to open a company in Chisinau or another city in Moldova, turn to the lawyers of GLS Law Company. You can count on comprehensive services at democratic prices.

Advantages of Registering Enterprises in Moldova

The main reasons why businessmen decide to open a company in the Republic of Moldova:

• The state is interested in integration with the European Union and actively strives for it. The legislative base is close to the European one: various bureaucratic processes that hindered business in this country are absent.
• Thanks to its geographical position, Moldova is at the crossroads of trade routes from Europe to Asia. This opens up many conditions for trade with neighboring countries.
• The authorities are interested in attracting foreign businessmen, therefore, they offer them a multitude of attractive opportunities. For example, the registration of a company in Moldova with foreign capital is allowed.
• The country’s legislation does not require companies to submit reports to state bodies and conduct audit checks.
• The profit tax rate is 12% and is considered quite attractive for foreign businessmen.
• There are 7 free economic zones within the state, and entrepreneurs can open a business in Moldova in any of them. It is enough to register as a business entity, but selection is carried out on a competitive basis.

Opening a Company in Moldova: Legal Forms

In the territory of the Republic of Moldova, the two most common legal forms are:

Limited Liability Company (LLC)

Entrepreneurs planning to open a company in Moldova often choose this form of business. It is suitable for many types of activities, and its key advantage is the simple conditions for opening and further management.

To register an LLC company:

• You need one director and one participant (both can be of any residency).
• You need a statutory capital of 300 USD. Of this, 40% (120 USD) must be contributed at the company’s opening, and the remaining 60% (180 USD) within six months of registration.

It’s important to note that organizations of this legal form cannot have more than 50 participants.

Joint Stock Company (JSC)

If you are interested in registering a company in Moldova without a limit on the number of shareholders, consider the JSC legal form. Requirements for opening such a legal entity:

• One director and one participant. There are no residency requirements.
• Statutory capital – from 1100 USD.

An important requirement for a JSC is that the company must undergo an audit annually and report on its financial activities.

How Company Registration in Moldova Happens

The process of opening a company includes many stages, starting from the preparation of documents and ending with the submission of requests to Moldovan state structures. If you are interested in registering a company in Moldova at democratic prices, turn to the experts of GLS Law Company. Use the contact phones for this purpose or leave a request on the website.