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					                         THINK WELL!




                   BUILD YOUR FUTURE
                            AT HOME




USEFUL INFORMATION
REGARDING BUSINESS
REGISTRATION AND FINANCING
Launching
AN ENTREPRENEURIAL ACTIVITY




         Chisinau 2009
Launching an entrepreneurial activity                                                                                                                           Launching an entrepreneurial activity

                             CONTENTS                                                                      Granting guarantees ......................................................................... 22
Registration of business .................................................................. 5
                                                                                                           Who deals with micro-funding?......................................................... 22
What documents should be submitted for registering a Limited
Liability Company, Joint Stock Company? .......................................... 6                       The most important micro-funding organizations .............................. 22

Information regarding fees and charges ........................................... 11                      Commercial banks............................................................................ 23

Useful addresses – State Registration Chamber .............................. 13                            Leasing............................................................................................ 25

Credits ............................................................................................. 15   What is leasing? ............................................................................... 25

What is a credit? ............................................................................... 15       Types of leasing ............................................................................... 25

Types of credits ................................................................................ 15       Advantages of leasing ...................................................................... 25

Interest rate ...................................................................................... 16    Costs of leasing ................................................................................ 26

Commissions .................................................................................... 16        Questions to be asked before concluding a leasing contract ............ 26

Penalties .......................................................................................... 16    The best-known leasing companies:................................................. 27

How do credits operate? ................................................................... 16

What is collateral and when is it needed? ......................................... 18

What does personal guarantee represent? ....................................... 18

Questions to be asked to a bank officer ............................................ 19

Micro-financing ............................................................................... 21

What is micro-financing? .................................................................. 21

Characteristic features ...................................................................... 21

Interest rate and commissions .......................................................... 21

2                                                                                                                                                                                                              3
                                                                                               Business registration

                                        Entrepreneurial activity in the Republic of Moldova may be practiced based
                                        on legal-organizational forms or on an entrepreneurship patent.

                                        In compliance with the Law on Entrepreneurship and Enterprises, the
                                        following legal-organizational forms exist:

                                               GENERAL PARTNERSHIP COMPANY;

                                               SLEEPING PARTNERS COMPANY;

                                               JOINT STOCK COMPANY;

                                               LIMITED LIABILITY COMPANY;


Registration                                

                                            
                                                PRODUCTION COOPERATIVE;

                                                LEASING ENTERPRISE;

OF A BUSINESS                                  MUNICIPALITY OT STATE ENTERPRISE
Launching an entrepreneurial activity
                                        Business registration is undertaken by the State Registration Chamber under
                                        the Ministry of Informational Development through its territorial offices.




                                                                                                                      5
Launching an entrepreneurial activity                                                                                                        Business registration

Common rules for registration of enterprises and organizations                     What documents are to be submitted and how much is to be paid for
                                                                                   registering a Limited Liability Company or a Joint Stock Company?
Enterprises and organizations, and their branch and representation offices,
are registered by the territorial offices of the State Registration Chamber in     For the state registration of an Ltd or JSC, the founders and the administrator
a period of up to 15 days from the date the application was submitted.             shall submit to the territorial office of the State Registration Chamber the ID
                                                                                   card or another document that contains the IDNP personal code (passport,
The following documents shall be submitted for the state registration of           drivers’ license).
enterprises and organizations:
                                                                                   Besides the registration application, the applicant shall present several names
       the ID card of the founders or their duly authorized representatives,      and five types of activity which shall be included in the document of the
        as well as of the main manager of the enterprise or organization           enterprise establishment.

       the proof of having paid the stamp tax and the registration fees           The territorial office of the State Registration Chamber concludes all
                                                                                   documents necessary for the state registration of the enterprise.
For registering enterprises set up through the reorganization of state
enterprises, or enterprises with a state share within their nominal share          The cost for registering an Ltd in a normal regime (15 days) is 565 lei plus
capital, it is necessary to present the authorization issued by the respective     the seal cost, and in case of an emergency (1 day) – 923 lei plus the seal cost.
central specialized entity.
                                                                                   The cost for registering a JSC in a normal regime (15 days) is 786 lei plus
What documents are to be submitted and how much is to be paid for                  the seal cost; and in case of an emergency (1 day) – 1342 lei plus the seal
registering an individual enterprise?                                              cost.

For state registration of an individual enterprise, the applicant shall submit     Unlike local enterprises, when registering enterprises with foreign capital,
his/her ID card or other document that contains the IDNP personal code             the following shall also be submitted:
(passport, drivers’ license) to the territorial office of the State Registration
Chamber.                                                                           For foreign natural persons:

The territorial office of the State Registration Chamber concludes all             - copy of the ID card;
documents necessary for state registration of the enterprise.                      - document confirming registration under the law enforcement body from the
                                                                                   place of residence in the RM;
The cost of individual enterprise registration in normal regime (15 days)
accounts for 234 lei plus the seal cost, and in an emergency case (1 day) –        For foreign legal entities:
342 lei plus the seal cost.
                                                                                   - excerpt from the Commercial Registry of the investor’s country of origin;
                                                                                   - copy of the registration certificate of the foreign company;

                                                                                                                                                                 7
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Launching an entrepreneurial activity                                                                                                         Business registration

    - copies of the establishment documents;                                            f.   for founders – natural persons: ID cards and documents confirming
                                                                                             lack of debt to the national public budget and no other enterprises
    - trustworthiness certificate of the foreign enterprise issued by the bank               previously registered, or do not operate and were not liquidated as
    institution (original copy);                                                             provided by law;

    - the decision of the founders to found the enterprise in the Republic of           g. for administrators – natural persons: ID cards and State Registry
    Moldova (indicating the high-ranking person authorized to sign the                     verification of the fact that the newly appointed administrator does
    establishment documents).                                                              not work through accumulation of labor for another business as
                                                                                           administrator, except in cases when the administrator (employer) is,
    For registering the enterprises with foreign investments, besides the                  at the same time, the owner of the business. An administrator with
    registration application, the following shall be submitted:                            foreign citizenship shall submit the work authorization, issued by the
                                                                                           Migration and Asylum Bureau, and the copy of the passport
      a. excerpt from the National Trade Registry from the investor’s country              translated into the state language and authenticated by the notary.
         of origin;                                                                        When a number of natural persons are appointed as administrator, it
                                                                                           shall be verified by the law and the establishment documents to
      b. registration certificate of the foreign enterprise;                               provide for collective administration.
      c. establishment documents of the foreign company;
                                                                                        h. for founders - legal entities: copies of establishment documents;
      d. trustworthiness certificate of the foreign company, issued from the
         serving bank.                                                                  i.   for authorized signatories – special and authenticated power of
                                                                                             attorney;
    The documents listed under letters a), b) and c) shall be submitted in copies
    authenticated by a notary and duly legalized by the consular offices of the         j.   for an object of activity – the “Classifier of Activities from the
    Republic of Moldova abroad, and translated into the state language.                      Moldovan Economy” and the Law on licensing some types of
                                                                                             activity shall be used to include up to five types of activity in the
    The date of submitting the documents for registration is deemed to be the                establishment document; the activity types set forth in art. 10, par. 3
    date when they were received by the territorial offices of the State                     of the Law 845/1992 are performed exclusively by state enterprises;
    Registration Chamber.
                                                                                        k. for the proof of depositing the nominal share capital – the bank
    The territorial offices of the State Registration Chamber cannot refuse a              certificate or the evaluation document, the audit document, as the
    registration application or request the submission of other documents other            case may be;
    than those provided by the legislation.
                                                                                        l.   proof of paying the registration fees and the stamp tax – cash
    The due diligence of the data registered in the establishment documents, as              voucher.
    well as of the corresponding proofs, is undertaken as follows:
                                                                                    After registration, the following shall be issued:
      e. name of the enterprise;

8                                                                                                                                                                 9
Launching an entrepreneurial activity                                                                                                                        Business registration

        the registration certificate confirming the state registration and fiscal   Registration Procedure
         registration of the enterprise and organization;
                                                                                                                                    State Registration Chamber
        the decision of the state registrar regarding the registration of the
         enterprise;                                                                                                   providing legal assistance; verifying identities;
                                                                                                                       verifying if there are any other enterprises registered in
        the establishment document;                                                                                    founders’ names – enterprises that do not operate and
                                                                                                                        were not liquidated as provided by law, or which have
        the seal of the enterprise.                                                                                    debts to the national public budget;
                                                                                                                       verifying the name;
  The unique state identification number (IDNO) issued to the                                                          verifying the name from a terminological perspective;
  enterprise and organization is serves as its fiscal code.                                                            attributing statistical codes;
                                                                                                                       providing fiscal registration;
  The enterprise and the organization are deemed to be established at                                                  concluding all necessary documents;




                                                                                             Maximum of 1-10 days
  the moment of state registration.                                                                                    issuing the certificate for opening the temporary account
                                                                                                                        in a banking institution;
                                                                                                                       receiving the order for concluding the seal;
                                                                                                                       paying the necessary fees (within Chamber premises);
                                                                                                                       acknowledging observance of the legal prohibition for the
                                                                                                                        administrator to be administrator of another company;
                                                                                                                       collecting notifications for the Official Gazette.
                                                                                                                                         Banking Institution

                                                                                                                    Opening the temporary account and depositing the subscribed
                                                                                                                                       nominal share capital
                                                                                                                                   State Registration Chamber

                                                                                                                    The founder comes to the state registry on the indicated day
                                                                                                                    and hour for authentication of the establishment documents,
                                                                                                                    issuance of the registration certificate (fiscal registration,
                                                                                                                    registration under the National House of Social Insurance, and
                                                                                                                    registration under the National House of Medical Insurance),
                                                                                                                    as well as issuance of the establishment documents and seal
                                                                                                                    of the enterprises.


10                                                                                                                                                                             11
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Launching an entrepreneurial activity
                                                                                                                                      Business registration
Information regarding fees and charges
                                                                                  The fees for manufacturing the seal are transferred to the account of
The tariffs for the paid-for services provided by the State Registration          the State Enterprise "Registru", and the applicant has to pay the
Chamber are approved via the Republic of Moldova Government Decision              respective amount of 145 lei (metallic holder) or 226 lei (color
No. 926, dated 12.07.2002.                                                        holder) (including 20% VAT) as desired by the applicant.
The fees for state registration of enterprises and organizations, supply of       In compliance with the provisions of the Decision of the Ministry of
information from the State Registry of Enterprises and Organizations, and the
                                                                                  Economy and Reforms and the Ministry of Finance No. 32P,
provision of the other services in the respective field are paid concomitantly
with the submission of the respective application at the territorial office       dated May 18, 1998, on establishment of fees and charges for
of the State Registration Chamber (http://www.mdi.gov.md/tarif_cis_en/)           issuing the authorization for manufacturing and destroying seals,
                                                                                  there is a fee of 9 lei for the seal license when manufacturing a seal.

No fees are charged for supplying information from the Registry of the
public administration authorities, control bodies, and state bodies.

The fees paid for provision of services are transferred to the State
Registration Chamber’s account.

In compliance with art.12, par. 1 from Law 1265-XIV, dated 05.10.2000,
the registration of an enterprise with nominal share capital is performed after
perceiving the stamp tax of 0.5% from the nominal share capital that is
transferred to the state budget.

In compliance with the provisions of the Law on State Fees and Charges,
No. 1216-XII, dated 03.12.1992, a charge of 10 lei (each) was established
for legalizing the signatures on the enterprise establishment documents and
for authenticating the establishment documents.

In compliance with the Classified of work performed and services provided
for payment by organizations and institutions from the science and
innovation field, under the Academy of Science of Moldova and the tariffs
set for such work and services, approved via Government Decision No. 724,
dated June 26, 2006, the payment for the charge for the linguistic and
terminological expertise of the name and the designs for the seal are to be
paid in the amount of 20 lei and 15 lei, respectively, for each.
                                                                      13

Launching an entrepreneurial activity

Useful addresses – State Registration Chamber:

     BALTI                              HANCESTI
     Balti municipality                 Hancesti municipality
     13 Moscow Street                   148A Mihalcea Hancu
                                        Street
                                        (269) 2 24 45
     CAHUL                              ORHEI
     Cahul municipality                 Orhei municipality
     11 August 31 Street
     (239) 2-94-02
     CHISINAU
                                        9 M. Eminescu Avenue
                                        (235) 2 76 66
                                        SOROCA
                                                                            Credit
     73, Stefan cel Mare Avenue         Soroca municipality                CREDIT                              .




     (22) 27-09-99                      16 Alexandru cel Bun Street        Launching an entrepreneurial activity

                                        (230) 2 36 86
     CAUSENI                            UNGHENI
     Causeni town                       Ungheni mun.
     3A A. Mateevici Street             7 Nationala Street
     (243) 2 39 97                      (236) 2 39 27
     EDINET                             GAGAUZIA ATU
     Edinet town                        Comrat municipality
     18 Stefan Voda Street              24 Comsomolscaia Street
     (246) 2-50-15                      (298) 2 58 281

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Launching an entrepreneurial activity                                                                                                                      Credits

What is a credit?                                                                  Interest rate

A credit represents a loan granted by a party (called a creditor; for instance,    The interest rate may be fixed (the same for the whole period of the credit)
a bank) to another party (called a borrower) for a determined period of time       or floating (may be changed by the bank depending on the market
and with a recovery schedule (reimbursement of the borrowed amount), by            situation). The interest may be calculated:
the end of which the borrower returns the borrowed amount plus a certain
interest (percentage).                                                             for the balance of the credit, meaning that you will pay the interest only for
                                                                                   the due amount after paying back the credit according to the
Moldovan banks offer credits in lei and in foreign currency. To obtain a           reimbursement schedule, or for the principal amount taken as the initial
credit, it is necessary to submit:                                                 loan

     -   an application – the application form offered by the bank;                Commissions
                                                                                   Besides the interest, the borrower also pays some commissions –
     -   the ID card;
                                                                                   additional charges. For instance, there is a commission when issuing the
                                                                                   credit, a commission for anticipated reimbursement (pay back of the credit
     -   other documents, depending on the chosen type of credit.
                                                                                   before its due time), etc.
Types of credit
                                                                                   Penalties
Consumption credits are granted for procuring domestic appliances,                 When the reimbursement schedule is not observed (delay of the payment),
computers, furniture, cars for personal use, etc.                                  the person is to pay rather large penalties. When the payment delay
                                                                                   exceeds 60 days, the bank shall send the case to the court for debt recovery.
Mortgage credits are meant for procuring real estate (flats, places of             Soon, the credit record bureau shall be set up. As soon as the person has
dwelling), land plots, or for repairing real estate already owned by the           debts for credit reimbursement, this fact will be easily verified, and thus
applicant.                                                                         the respective person will no longer benefit from credits from any other
                                                                                   bank in Moldova.
Investment or business credits are granted for procuring equipment, real
estate, etc., which are used subsequently by the enterprises in their operation.   How do credits operate?

What does a credit consist of?                                                     Consumption credits are of small amounts from 3,000 to 30,000 lei for
                                                                                   short periods of time (for instance, between 12 and 24 months) are issued
A credit consists of the principal amount (the amount that is actually             by banks without any collateral, with a minimum set of documents which
borrowed) and the interest (which is calculated as a percentage of the             includes the ID card and the certificate about salary or incomes.
principal amount).                                                                 Consumption credits for procurement of furniture, domestic appliances,
                                                                                   etc., may be obtained from many shops directly.



16                                                                                                                                                              17
Launching an entrepreneurial activity                                                                                                                        Credits

Recently, the banks started to offer credits to pay for education, organization      In case of credits taken for business or investments, the banks request
of weddings, vacations or excursions abroad, etc. The amounts may reach up           the following documents: financial statements of the company,
to 65,000 – 100,000 lei, depending on the banks and a person’s financial             meaning its profit and losses account, balance sheet, the cash flow for
situation.                                                                           a period of 1-3 years. In case of some new companies/business, the
                                                                                     bank will request for the business plan to justify the profitableness of
Overdraft credits allow taking a loan without going to the bank. This is             the business. The bank can also request guarantees, like collateral for
possible when the salary is paid on a credit card opened at one of the banks         the equipment or the goods, or the mortgage for the production
with which the employer of the respective person has a wage project. In this         premises, or guarantee letters from other banks or companies.
case, if there is no more money on the card, the person may spend an amount
of money equal to one or more wages. The wage is used as collateral.                 What is collateral and when is it needed?

Credit cards allow borrowing from the card an amount of money, for which             Depending on the credit amount and the goal, credits may be granted
there is a limit that is set depending on a number of factors: magnitude of the      with collateral or without collateral. The credits guaranteed through
wage, seniority at the working place, credit record, etc. It is very important to    collateral are usually granted for procurement of some goods of high
know the interest rate, commissions, and penalties applied by the bank.              value, like cars, real estate, or production equipment. The collateral is
                                                                                     used to guarantee the cases when the person cannot reimburse the
In case of car credits, it is possible to procure old and new cars which will be     credit – in such cases the creditor will sell the object which serves as
used by banks as collateral. Also, it is obligatory to obtain CASCO insurance        collateral, and use the obtained sum to reimburse the credit. Real
in the interest of the bank from which the credit was taken. The CASCO               estate, land plots, flats, cars, equipment, and other objects accepted by
insurance depends on the type of the car and may be rather expensive (this           the bank may serve as collateral.
insurance usually covers all risks from road accidents to theft).
                                                                                     It is important to note that banks take goods as collateral for a lower
Mortgage credits are meant for procuring real estate (flats, places of               cost than the value of the respective good on the market. As a rule,
dwelling), land plots or for repairing the real estate which is already owned        cars, equipment, and other goods are assessed at 30-50% of their
by the applicant. These credits are offered for long-term periods up to 20           market cost. Real estate is assessed at 70% of the market cost, and in
years. Usually the banks offer credits up to 70% of the value of the procured        this case, it is necessary to submit an evaluation report made by a
real estate, which will serve, at the same time, as collateral. If the person        specialized company. If the good serving as collateral is owned also by
offers additional collateral (for instance some other owned real estate), it is      other owners that it is needed to have their approval.
possible to obtain a credit of 100% of the real estate cost. With regard to
reparations, credit is offered for 100% of the cost of repair works.                 What does personal guarantee represent?

For credits in large amounts and long periods of time, besides the ID card           For all types of credit, the bank may request that the guarantee be
and the wage certificate, the banks will request some additional documents,          provided by another person. The guarantor is liable for paying back
such as the labor registration card, the proof of paying for utility services, the   the credit instead of the borrower, in case the borrower does not
wage certificates for the family members (most frequently the                        reimburse the credit. The guarantor shall submit the same documents
wife’s/husband’s wage), etc.                                                         as the borrower, including the ID card, the wage certificate, etc.

18
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Launching an entrepreneurial activity

Questions to be asked to a bank officer:

What is the interest rate, and is it fixed or floating?

What additional commissions are perceived by the bank: issuance
commission, anticipated reimbursement commissions, etc.?

What are the penalties in case you have a delay or do not observe the
reimbursement schedule?

Do I have enough documents to confirm my financial situation?

In case I am asked for a collateral, do I have enough goods to be used


                                                                            Micro-
as collateral?

If I use the real estate of the land plot as collateral, do I have the
approval of the other co-owners (in case there are other co-owners)?



                                                                         financing
                                                                         MICRO-FINANCING
                                                                          Launching an entrepreneurial activity




20
Launching an entrepreneurial activity                                                                                                     Micro-financing

What is micro-financing?                                                         Granting guarantees

Micro-financing represents the crediting of micro and small enterprises.         Some micro-financing organizations offer financial guarantees to
This is done to support these entrepreneurs.                                     small businesses so as to obtain a credit from a commercial bank.
                                                                                 The value of this guarantee cannot exceed 50% of the credit value
Characteristic features                                                          (70% in case of a business led by a woman).

These credits are granted to micro and small enterprises, individual             Who deals with micro-financing?
enterprises, and farms.
                                                                                 Micro-financing represents an activity performed by a number of
Micro-crediting aims to support this important business sector. Banks            categories of different institutions:
and micro-financing organizations offer more advantageous conditions
for credits, so as to ensure the profitability of micro and small                Micro-financing organizations
enterprises and to contribute to their prosperity if their business.
                                                                                 Commercial banks
As a rule, the credits are small. In case of small credits, there is no
need for collateral, as it is needed only for large loans. Real estate,          These institutions have branch offices in the entire territory of
land plots, equipment, and stocks of goods may serve as collateral. In           Moldova.
some cases, the persons applying for credits are requested to submit a
business plan which shall demonstrate the profitability of the business          The most important micro-financing organizations:
and the way to manage it.
                                                                                  Micro-financing                              Contact
The term for examining the credit application is shorter; sometimes it is only      organization           Address            telephone     Web page
1 day needed.                                                                    Prime Capital      7 Banulescu Bodoni St   Tel. 543043   www.primec
                                                                                                    Chisinau, MD-2009                     apital.md
The term of these credits may be different. Sometimes a grace period is          Microinvest        16 Puskin Street        Tel. 212764   www.microin
granted, during which no reimbursement of credit is made. The loans are                             Chisinau, MD-2012            212768   vest.md
granted for supporting the operating business, as well as to launch new                                                          229905
enterprises and businesses.                                                      Rural Funding      10/5 Ion Creanga St     Tel. 595559   www.microfi
                                                                                 Corporation        Chisinau, MD-2069                     nance.md
Interest rate and commissions

Credits are offered in Moldovan lei and foreign currency, the interest rate
(percentage) for the loans offered in lei being higher. Commissions are paid
for issuing the credit and the amount of the commission depends on the credit
period.

22                                                                                                                                                    23
Launching an entrepreneurial activity

Commercial banks

                                                  Contact
    Bank name                 Address            telephone      Web page
“Procredit Bank”     35 Eminescu St             Tel. 271707   www.procred
JSC                  Chişinău                                 itbank.md
“Social Bank” JSC    61 Banulescu Bodoni St     Tel. 221481   www.socban
                     Chisinau                        225169   k.md
                     MD-2006
“Mobiasbanca –       81-a Stefan cel Mare Av    Tel. 256456   www.mobias
Groupe Societe       Chisinau                                 banca.md
Generale” JSC        MD-2012
“Moldova-            9 Cosmonautilot St         Tel. 856565   www.maib.m
Agroindbank” JSC

                                                                            Leasing
                     Chisinau                                 d
                     MD-2006
“Banca de            115 Columna St             Tel. 218001   www.bem.m
Economii” JSC        Chisinau                        218005   d
                     MD-2012
“Eximbank –
Gruppo Veneto
                     171/1 Stefan cel Mare Av
                     Chisinau
                                                Tel. 301102   ww.eximban
                                                              k.md          LEASING                             .




Banca” JSC           MD-2004                                                Launching an entrepreneurial activity




24
Launching an entrepreneurial activity                                                                                                                Leasing

What is leasing?                                                                    Another advantage of leasing is the fact that it is obtained easier
                                                                                    than a credit. The person shall present the ID card, the wage
Leasing represents an agreement entered between two parties, when one of            certificate, and other documents that may confirm the financial
the parties gives to the other party an asset into use for an amount of money       situation. A drivers’ license shall be presented for cars.
and for a long period of time; the amount is paid on monthly basis, usually in
equal monthly installments. When the leasing term comes to an end, the user
                                                                                    In case of the operational leasing, the advantage is the fact that
of the asset has the possibility to take over the asset into ownership. Usually,
cars, equipment or real estate serve as assets for which leasing is used.           there is no need to buy expensive equipment that is necessary only
                                                                                    for one project/construction job.
Types of leasing
                                                                                    Costs of leasing
There are various types of leasing. The financial leasing of cars is the most
widespread type of leasing in Moldova; it is like a contract for a credit           Generally speaking, leasing is very much like credit, as there is also
purchase. In this case, an amount of 10% - 30% of the car price is paid in          an interest to be paid; but the main difference is that money is not
advance; the car is taken in lease for a period of up to six years; and after the   given directly, as with credit; the asset is given and for its use the
last installment is paid (the residual value) the car becomes the property of       person pays an installment on a monthly basis according to a
the respective person.                                                              schedule and an interest rate. The interest rate may be fixed
                                                                                    (constant for the whole period) or floating (which varies depending
To lease a car, the person may go directly to one of the leasing companies in
Moldova, or to the car vendor who will propose the concluding of the                on the market situation).
contract on the spot (as with consumption credits obtained directly in the
shops).                                                                             Leasing companies also require different commissions for the
                                                                                    analysis of the file, annual commissions, etc. Cars should have
Another type of leasing is operational leasing when a person or a company           CASCO insurance and sometimes it might be required to have them
leases some professional or industrial equipment for a relative short period of     mechanically tested at certain car service centers.
time, which by the end of the leasing period is returned back to the company
from which it was leased. This type of leasing is the most frequently used in       Questions to be asked before concluding a leasing contract
case of construction equipment (for instance, derricks or other equipment).
                                                                                    What is the interest rate? Is it fixed or floating?
Advantages of leasing

The most important advantage of leasing is the fact that it is not necessary to     What are the other commissions and how are they paid (issuance
provide collateral, because the property of the object taken into rent is not       commissions, commission for cancelation, annual commissions,
transferred, the ownership stays with the leasing company, and when                 etc.)?
monthly payments are not made, the asset may be repossessed by the
company.                                                                            What is the initial amount (advance) and what is the final amount
                                                                                    (the residual value of the asset) for taking the asset into ownership?
26                                                                                                                                                     27
Launching an entrepreneurial activity

How to conclude a CASCO insurance contract?

Is it necessary to have the car technically tested within a certain car service center?

                                     MAIB Leasing            www.leasing.md
                                     IMC Leasing             www.imcleasing.md
                                     Top Leasing             www.topleasing.md
                                     Raiffeisen Leasing      www.raiffeisen-leasing.md
                                     Total Leasing           www.total-easing.md
                                     Euro Leasing            www.euroleasing.md
                                     BS Leasing              21 Moscova Av, Chisinau
                                     Status Leasing          83 Bucuresti St, Chisinau




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