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Subscribe to this list via RSS Blog posts tagged in Moldovan Law

Posted by on in Stories From The Field
Of LLCs and SRLs Part #1

Note 1: This post is an update to our first post about organizing a company in Moldova. While that post was pretty general and explained our initial reasoning this one will attempt to explain the results of that reasoning over the last few months and a few preliminary recommendations for other entrepreneurs (ok, this got long. Conclusions Recommendations will be in Part 2 [COMING SOON]). We will be writing a further update on this topic later on with more solid recommendations. (small update below)

Note 2: This post is covering quite a lot of experience had over a long period of time. The topic is dense and often technical. Please comment if things are unclear and I will add more information. Also, as usual, please feel free to tell us how stupid we are. Everyone can learn from that. 

 

Jump to... (note to use these section links open up the full version of the post by clicking the title or on "Continue Reading" below)

Section 1
Basic Organization 

Section 2
Selling Shares vs Adding a Founder: 
Section 3
The Necessary Documents for Adding a Founder
Section 4
Notarizations, Apostilles, Translations and DHL 

 

 

So Begins a Tale of SRLs and LLCs...

 

 

b2ap3_thumbnail_tumbling_blocks.png

The path to success is almost self evident!

 

 

Section 1: Basic Organization


 

I'll begin where the last post ended which was with a discussion of the process that we decided to embark upon. That was to organize the companies basically as follows:

 

b2ap3_thumbnail_SRL-Ownership.jpg

I'll let you all guess which silhouette represents which manager...

  

So to describe what you're seeing there we founded a Moldovan SRL called "Smoke House SLR" (they refused to believe it was one word and we didn't fight it). Additionally we founded an American LLC called "The Moldova Company LLC" in Virginia. The purpose of the LLC, as described briefly in the previous post, is to escape from some of the more challenging bureaucratic differences between a Moldovan SRL and an American LLC. These all...

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Location Search Part 1: Moldovan Law on Food Service Establishments

This is the first of a number of entries I'll be making dedicated to the process we're going through searching for a location.

Have you found a location yet?

...is a question that I hear literally every day (many times) and so this series of posts is designed to shed some light on the process of searching for and vetting a restaurant / cafe location in Moldova. Upcoming posts in this series will talk about the real estate market (or lack thereof) and our team's critical analysis of "where exactly is most desireable" in Chisinau. For now though we will start at the beginning. What is required of the location? 

On that note team, we're in for a wild ride. 

First off here is the text of the applicable Law (in Russian - much better for google translate than Romanian). I'm not going to hit all the points of that massive and far ranging document here but it's provided as reference. I want to first add a disclaimer that I have never owned, opened, run or worked in a restaurant in the states. I'm a first-timer. I mention that because while it seems to me that there is an incredible level of detail put into where I can or can't store tea vs. flour vs whatever I am sure that other countries have lots of requirements as well. In the interest of sanitation I understand this to be ok. What confuses me is an obsured level of detail in various other aspects that govern your location and the facilities required. The first bit of this is...

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