Company Incorporation in Moldova

1.    What is the minimum share capital for a limited liability company in Moldova?
Those who want to establish a Limited Liability Company in Moldova must provide a minumum share capital of 5.400 MDL (the equivalent of approximately 325 EUR). Before registration, a minimum of 40% of this sum must be deposited in cash in the company’s account if the company is founded by several members. In case there is only one person that establishes the LLC, the whole sum has to be deposited in the temporary bank account.

2.    What is the minimum share capital for a joint stock corporation in Moldova?
A Moldavian joint stock corporation requires a minimum share capital of 20,000 MDL (equivalent of approximately 950 EUR), which can be divided between several founders, money that goes into the temporary bank account.

3.    Are there any special requirements for establishing a LLC in Moldova?
A company is considered created after it has been registered. In order to do this, a number of documents are necessary, together with the proof of paying the tax of registration of approximately 30 EUR. The name of the company must be checked so that it is unique. The documents have to be translated into Romanian. On the other hand, the presence of the founders during the entire process of registration is not necessary, as they can send a POA (power of attorney).

4.    How can I register for VAT in Moldova?
A company has to be registered to the local tax authorities as a VAT payer if its sales exceed 18.000 EUR during one year. The procedure consists of obtaining a VAT identification number from the Fiscal Inspectorate of the Ministry of Finance and can be performed electronically by the Chamber of Registration after all the registration steps are completed. This number will appear on all invoices.

5.    How can I open a bank account in Moldova?
A temporary bank account is necessary for starting a company. In this account, at least 40% of the minimum capital share must be deposited and after that, the bank has to confirm the transfer. In order to open a temporary account, the bank usually requires to fill in an application and to bring a copy of the incorporation contract, a decision with regard to additional issuance, together with notarized signatures specimen.

6.    How can I recruit personnel in Moldova?
There are several recruitment companies and websites for finding the appropriate employees in Moldova. Companies may also find interested people in the field by advertising in local media (newspapers, local television or radio).

7.    What is the average salary in Moldova?
The average sum of money paid to workers in Moldova is approximately 2,985 MDL, which is less than 150 EUR.

8.    What is the overall economical situation in Moldova?
The current economical situation in Moldova has been affected by the changes in the political area, but the agricultural segment or transportation seem appropriate to explore, since their incomes have raised since last year.