The law which governs the registration of branches in Moldova is the Law no. 1265-XIV “on state registration of enterprises and organizations” adopted on the 5th of October, 2000.
The law specifies exactly the documents that must be registered. The registration must be performed at one of the territorial offices of the State Chamber of Registration (situated in Chisinau, Edinet, Hincesti, Cahul, Causeni, Orhei, Soroca and Ungheni, Balti, Comrat).
An entrepreneur must present a dossier containing the standard application, the certificate of registration and an extract from the register where the foreign company is registered, the memorandum of association, the articles of association or any other constitutive document, the minute of the meeting when the decision of opening a branch was taken, the passport copies of the representatives, the criminal record of the representative, proof of payment of the registration fee and the stamp duty.
The extract from the foreign register, the constitutive documents and the criminal record of the branch’s representative must be presented in original or in copies approved by notary and legalized at a consular office of the Republic of Moldova from the foreign country.
If the company’s representatives are represented by an attorney he must also present the power of attorney.
As a result, the State Registration Chamber will issue a registration number (IDNO number). Also the certificate of registration and the constitutive acts are released and the Ministry of Information, Technologies and Communication is releasing an official stamp. The statistical codes are also obtained from the State Registration Chamber.
The process of registration the branch at the State Chamber in Moldova doesn’t take longer than five working days after depositing all the relevant documents. The registration can also be performed in 24 hours or in 4 hours if there is a request for this and special fee is paid.
A bank account must be opened then, in order to perform any financial transactions.
The last actions that a Mondavian branch must take before starting business are registering at the Social Security Fund and the National Medical Insurance Company.
All the changes that interfere in the status of the branch or in the status of the foreign parent company must be reported immediately at the State Chamber of Commerce, if not, penalties may be applied.