Liquidation of companies
II. REALISTIC TIMEFRAMES FOR LIQUIDATION
III. CLASSIFICATION OF LIQUIDATION AND CRITICAL RISKS
IV. STEP-BY-STEP ALGORITHM OF VOLUNTARY LIQUIDATION
V. FINANCIAL AND TAX ASPECTS: CRITICAL NUANCES
VI. ALTERNATIVE APPROACHES: LIQUIDATION vs. SALE OF SHARE
VII. MAIN CRITICAL POINTS REQUIRING PROFESSIONAL SUPPORT
VIII. RISKS AND LIABILITY
IX. BULR SERVICES: COMPREHENSIVE SUPPORT FOR LIQUIDATION
Expert guide on the legal procedure, financial planning and minimisation of tax risks
Why is the liquidation procedure more complex than registration?
Despite Moldova’s reputation as an attractive place for fast company registration, the process of liquidation of an SRL (limited liability company) remains a multi-stage and lengthy procedure, lasting 6–9 months and requiring interaction with numerous state authorities. The main danger of improper performance of the company liquidation procedure in Moldova is not only administrative fines and debts, but also the possibility of bringing the founders to criminal liability for non-compliance with tax legislation.
The company BULR offers comprehensive support for all stages of liquidation, ensuring full compliance with the law, minimisation of financial and legal risks, as well as timely removal of the company from the register without claims from the tax authorities, archives and local authorities, providing legal support for company liquidation in Moldova.
I. LEGAL FRAMEWORK AND CURRENT SIMPLIFICATIONS
Main legislative acts
Civil Code of the Republic of Moldova No. 1107/2002 – regulates the procedure for satisfying creditors’ claims (Article 233)
Law on Entrepreneurship and Enterprises No. 845/1992 – grounds for voluntary and compulsory liquidation, including liquidation of branches
Law on Limited Liability Companies No. 135/2007 – specific requirements for archiving personnel documents
Law on State Registration No. 220/2007 – registration of dissolution, removal from the register, mechanism of automatic verification of debts through the interoperability platform
Tax Code No. 1163/1997 – critically important for tax aspects (VAT, tax control, transfer pricing, foreign currency revaluation, tax losses, taxation of non-residents)
Insolvency Law No. 149/2012 – applied in case of insufficiency of assets
Key simplifications (2024–2025)
Reduction of the term for creditors’ claims – from 6 months to 2–4 months
Single publication – in Monitorul Oficial and on the website of the registration authority (free of charge)
Accelerated tax control – no later than 20 working days from the date of the preliminary report
II. REALISTIC TIMEFRAMES FOR LIQUIDATION
Minimum term: 4–5 months
In case of perfect performance of all procedures in ideal conditions.
Real term: 6–9 months
Factors increasing the duration:
- Tax control – practically 1.5–2 months instead of the established 20 working days
- Setting a longer term for creditors – 3–4 months instead of the minimum 2 months
- Archiving of documents – 2–8 weeks for systematisation, stitching, preparation of inventories and the Transfer Act
- Delays of state authorities – workload, approvals, verification of local fees
- Creditors’ claims – satisfaction of claims may take additional time
III. CLASSIFICATION OF LIQUIDATION AND CRITICAL RISKS
Voluntary liquidation
The participants independently take the decision on dissolution (unprofitability, achievement of goals, change of direction).
Compulsory liquidation (by court decision)
Initiated by the court in case of systematic violations of legislation or if the company does not submit reports for more than one year.
Liquidation through insolvency (bankruptcy)
If the assets are insufficient to satisfy creditors, the procedure passes into simplified bankruptcy with an administrator appointed by the court.
IV. STEP-BY-STEP ALGORITHM OF VOLUNTARY LIQUIDATION
Stage 1: Adoption of the decision on dissolution
Competent body: General Meeting of Participants (or decision of the sole participant).
The decision must contain:
- The intention to dissolve the company
- Appointment of the liquidator (a critically honest and competent person)
- Setting the term for creditors’ claims (not less than 2 and not more than 4 months from the date of publication)
Requirements for the liquidator:
- An adult person with full legal capacity
- Not under judicial protection
- May be a founder, external specialist or member of management
Stage 1.1: CLOSURE OF BRANCHES (SUBSIDIARIES) – CRITICAL PRELIMINARY STEP
If the SRL had branches or foreign subsidiaries:
- Draw up a full list of all registered branches
- Notify the registration authorities about the start of liquidation of branches
- Register the removal of all branches from the records BEFORE the main SRL is removed
- For foreign branches – notify the registry holder of the Republic of Moldova within 14 days
- Obtain confirmation of removal of branches from the records from ASP
- Include the confirmations in the documents transferred to the archive
Possible delays: If branches are registered in other countries, the process may take weeks or months, delaying removal of the main SRL.
Recommendation: Start the process of removal of branches simultaneously with registration of dissolution of the main SRL.
Stage 2: Registration of dissolution with ASP
Submission of documents:
- Copy of the decision on dissolution
- Application for registration of dissolution
- Data on the liquidator
After registration:
- The wording “in the process of liquidation” is added to the company name
- All documents must contain this note
- The liquidator bears individual responsibility for violation of this requirement
Stage 3: Publication and notification of creditors
Mandatory publication:
- On the website of the registration authority (free of charge)
- In Monitorul Oficial
Written notification of all known creditors within 15 days from the date of publication with information on the term for filing claims.
Stage 4: INTERACTION WITH THE STATE TAX SERVICE – CRITICALLY IMPORTANT FINANCIAL STAGE
This is the most complex and risky stage, requiring an exact sequence of actions and careful tax planning.
4.1. MANDATORY DEREGISTRATION AS VAT PAYER – ABSOLUTE PRIORITY (days 2–7)
⚠️ CRITICALLY IMPORTANT: The application for cancellation of registration as VAT payer must be submitted BEFORE SUBMISSION OF THE CORPORATE INCOME TAX RETURN and, consequently, BEFORE THE START OF TAX CONTROL.
Correct chronological sequence:
- Day 1: Registration of dissolution with ASP
- Days 2–7: ⚠️ Submission of the application for cancellation of VAT (PRIORITY!)
- Days 10–15: Receipt of confirmation of VAT cancellation
- After that: Submission of the corporate income tax report
Consequences of untimely VAT deregistration:
According to Article 115 of the Tax Code, if the liquidator does not submit the application for VAT cancellation BEFORE the beginning of tax control:
- Registration may be forcibly cancelled by the State Tax Service
- CRITICAL TAX CONSEQUENCE: The company is treated as having made a taxable supply of all inventories and fixed assets at their market value
- FINANCIAL BURDEN: The company is obliged to calculate and pay VAT (usually 20%) on the entire value of the remaining assets
- EXAMPLE: If inventories and fixed assets amount to 50,000 lei, the company must pay VAT of 10,000 lei, even though these assets may be distributed to participants
- CREATION OF DEBT: This prevents removal of the company from the register and may stretch the procedure for months
Correct VAT deregistration procedure:
- Submit to the State Tax Service an application for cancellation of registration
- The application is submitted no later than the 25th day of the month preceding the month from which registration must be terminated
- Submit the last VAT return with all operations up to cancellation
- Obtain confirmation of cancellation
- Make sure to receive confirmation before preparing any tax return
BULR recommendation: Submit the VAT cancellation application immediately after registration of dissolution and obtain confirmation before preparing the tax reporting. This ensures avoidance of forced VAT assessment on remaining assets.
4.2. Submission of tax reports
The company is obliged to submit the corporate income tax report no later than 5 months from the date of registration of dissolution, in electronic form through the State Tax Service.
4.3. Tax control
It is carried out no later than 20 working days from the date of submission of the report. The State Tax Service applies risk criteria, checking:
- Consistency of indicators with the type of activity
- Presence of unjustified losses
- Correct application of tax benefits
- Absence of the company in the VAT payers’ register (at the time of control start)
In practice: 1–2 months instead of 20 working days due to additional requests from the State Tax Service.
Stage 5: COMPLETION OF UNFINISHED OPERATIONS AND RECOVERY OF RECEIVABLES – CRITICAL RESPONSIBILITY OF THE LIQUIDATOR
Why this is critical:
- The liquidator cannot “freeze” assets – he is obliged to take all reasonable measures to convert assets into cash
- Unfinished operations create risk – if there are unfinished contracts, they must either be completed or properly terminated
- Receivables must be collected – all debtors must be notified and payment demanded
Procedure:
- Draw up a register of all current contracts, orders and operations in progress
- Notify counterparties about liquidation and the need to complete/terminate contracts
- Complete possible operations and receive income into the company’s account
- Properly terminate impossible operations, paying penalties if provided by contracts
- Recover receivables by letters to debtors (with a demand for payment within 30 days) and, if necessary, through court proceedings
Tax consequences:
- Partially performed and unpaid operations are recognised as a loss
- Penalties for termination – business expenses and deductible from the base
- Bad debts are recognised as a loss for tax purposes
BULR recommendation: Send letters to all known debtors with a demand for payment within 30 days. After the expiry of the term, the debt may be recognised as bad.
Stage 6: Preparation of liquidation balance sheets
Interim balance sheet: Within 15 days after expiry of the term for creditors. Must reflect assets (book and market value), liabilities and the results of inventory.
Final balance sheet: After satisfaction of creditors’ claims and confirmation of absence of debt to the budget. Signed by the liquidator and approved by the competent body.
Stage 7: Satisfaction of creditors’ claims in the established order
According to the Civil Code (Article 233), claims are satisfied in the following order:- I) claims for compensation for damage caused to health or in connection with a person’s death – by capitalisation of the corresponding periodic payments;
- II) claims for payment of wages to employees and remuneration for copyright;
- III) claims for loans granted by the Ministry of Finance (principal, interest, commissions, risk fund), for domestic and foreign loans granted under state guarantee, for taxes and other mandatory payments to the national public budget;
- IV) other creditors’ claims.
Stage 8: Distribution of assets among participants
Plan for distribution of remaining assets among participants in proportion to their share in the charter capital.
Critical rule: Property cannot be distributed before 30 days have passed after approval of the final balance sheet. This allows time for objections.
Stage 9: REMOVAL FROM THE STATE REGISTER – FINAL STAGE WITH AUTOMATIC CONTROL
9.1. Submission of documents
The liquidator submits to ASP:
- Final liquidation balance sheet
- Plan for distribution of assets
- Application for removal
9.2. AUTOMATIC CHECK OF DEBTS THROUGH THE INTEROPERABILITY PLATFORM – “STOP FACTOR”
⚠️ CRITICALLY IMPORTANT: Removal is carried out only in the absence of debts to the national public budget. Verification is performed automatically and without the applicant’s participation.
Mechanism:
- Information is obtained from the automated system of the State Tax Service
- Through the interoperability platform in real time
- Fully automated – no manual intervention
What this means:
- Fully automatic blocking: If any debt is recorded in the database of the State Tax Service or local authorities, the system automatically blocks removal
- Impossible to bypass: The liquidator cannot provide alternative documents or certificates
- The system believes only itself: Verification is carried out exclusively based on information in the databases
- Need for full repayment before submission: Before the application, all debts (both to the State Tax Service and to local authorities) must be fully repaid
Most frequent reasons for refusal:
Republic-level taxes:
- Unpaid taxes (income tax, VAT, profit tax)
- Unpaid social contributions
- Fines and penalties
⚠️ LOCAL FEES (often overlooked “hidden risk”):
- Fees for trade objects – if the company owned a trade premises, even if the shop was closed, fees may remain for previous periods
- Fees for advertising devices – if the company ever placed a sign or advertisement
- Fees for sanitary cleaning – charges for sanitary programmes
- Fees for landscaping – greening and improvement of territories
- Other local fees – depending on local legislation
Danger of hidden debts:
- The company closed a shop years ago, but the premises remain in ownership – the mayor’s office continues to accrue fees
- The company stopped advertising but forgot to notify the mayor’s office – fees continue to accrue
- The company previously placed signs but forgot to remove them – the mayor’s office charges fees
Verification through the interoperability platform will reveal all debts (both to the State Tax Service and to local authorities), and removal will be blocked.
9.3. BULR RECOMMENDATION: Proactive comprehensive check before submission
Before submitting documents for removal:
- Request from the State Tax Service a certificate on the status of settlements with the budget (2–5 working days)
- Request from the mayor’s office/municipality a certificate on the presence of debts at the company’s location, including:
- Fees for trade objects
- Fees for advertising devices
- Other local fees
- Make sure that all debts (to the State Tax Service and to local authorities) are fully repaid
- Wait for the information to be updated on the interoperability platform (usually 1–3 working days)
- Only after that submit the application for removal
This allows you to avoid refusal and additional delays for several months.
9.4. Time limits for removal
The registrar takes the decision on removal within 24 hours (calculated from the working day following the day of receipt of the application), provided there are no debts to the budget.
Legal consequences: The company is considered liquidated from the moment of adoption of the decision on removal.
V. FINANCIAL AND TAX ASPECTS: CRITICAL NUANCES
5.1. Foreign currency obligations revaluation – CRITICAL FINANCIAL NUANCE
When drawing up the liquidation balance sheet, the company is obliged to revaluate all foreign currency debts and receivables at the official exchange rate of the National Bank of Moldova on the balance sheet date.
Revaluation mechanism and tax consequences:
- All foreign currency obligations are recalculated into national currency at the official NBM rate on the liquidation balance sheet date
- Exchange differences arise – the difference between the amount on the date of dissolution registration and the amount on the balance sheet date
- Exchange differences are recognised as income or loss:
- Positive difference (exchange rate increased) → company income → increases the tax base
- Negative difference (exchange rate decreased) → company loss → reduces the tax base
Practical example:
On the date of dissolution registration (1 January 2025):
- Debt to supplier: 10,000 USD
- Exchange rate USD/MDL: 18 lei/dollar = 180,000 lei
On the date of the liquidation balance sheet (1 September 2025):
- Same debt: 10,000 USD
- Exchange rate USD/MDL: 19 lei/dollar = 190,000 lei
Exchange difference: 190,000 – 180,000 = 10,000 lei (positive)
→ This is recognised as company income for tax purposes
→ The company must pay tax on this amount!
Tax consequences:
- Positive differences increase the tax burden even if it is only “on paper” revaluation
- Negative differences reduce the tax burden as a loss
- This may significantly affect the final corporate income tax
Responsibilities of the liquidator:
- Identify all foreign currency obligations
- Perform revaluation at the official rate
- Calculate exchange differences
- Reflect them in tax returns with explanations
- Take into account when determining the final corporate income tax
BULR recommendation: In the presence of foreign currency obligations:
- Carry out a comprehensive audit of all foreign currency positions
- Obtain a statement from NBM with official rates
- Make calculations of exchange differences
- Make sure they are correctly reflected in the liquidation balance sheet
5.2. Carry-forward of tax losses in liquidation – CRITICAL LOSS OF TAX RIGHTS
According to the Tax Code, a company may carry forward tax losses to future periods (up to 4 years).
HOWEVER, in liquidation a SPECIAL RULE applies:
Unrealised tax losses (not used in previous periods) are considered finally lost and:
- Cannot be transferred to participants – even if a participant creates a new company
- Cannot be used to reduce tax on liquidation payments
- Cannot be transferred to a successor (in the absence of succession)
Practical example:
Company ABC:
- 2022: loss 50,000 lei (carried forward to 2023)
- 2023: income 30,000 lei (loss used 30,000), remaining 20,000 carried forward
- 2024: loss 10,000 lei + carried forward 20,000 = 30,000 losses carry-forward to 2025
- 2025: company is liquidated
RESULT:
- 30,000 lei unrealised loss are LOST FINALLY
- They CANNOT be used in tax calculation
- They CANNOT be transferred to participants
Financial consequences for participants:
- Increase of the tax base of liquidation payments
- Additional tax for participants
- Loss of value of the company – losses that had value if the company continued become useless
Difference between liquidation and reorganisation:
- Liquidation: losses are lost
- Reorganisation with succession: losses pass to the successor
BULR recommendation:
- Perform an audit of unrealised losses
- Calculate the financial consequences of liquidation
- Consider alternatives (reorganisation instead of liquidation may be more advantageous!)
- Inform participants about the loss of losses
5.3. Distribution of assets in kind and transfer pricing
Critical tax point:
If the company distributes assets in kind (not in cash), this is considered a sale of property at market value.
The company must:
- Calculate corporate income tax on the difference between market and book value
- If market price > book value → the company receives taxable income
Example:
- Book value of transport: 20,000 lei
- Market price: 30,000 lei
- Taxable income: 10,000 lei
- Corporate income tax (12%): 1,200 lei
Transfer pricing and State Tax Service audits:
- The State Tax Service may verify correctness of transfer pricing (arm’s length principle) and adjust prices for tax purposes.
- The final tax audit often includes verification of the justification of market prices.
BULR recommendation:
- Carry out an independent valuation of assets
- Document the justification of prices
- Correctly reflect them in tax returns
- Inform the liquidator about tax consequences
5.4. Special tax rules for non-residents
Taxation of non-residents’ income:
- Liquidation payments to non-residents are taxed as income received in the Republic of Moldova.
- The liquidator acts as tax agent and is obliged to withhold tax.
Double Taxation Avoidance Treaties (DTAT) – CRITICALLY IMPORTANT:
- DTAT may provide a lower tax rate. For example, instead of 12% in Moldova, there may be 5% for capital gains.
It is necessary to:
- Request a certificate of tax residency status of the participant
- Check the existence of DTAT between Moldova and the participant’s country
- Determine the most favourable rate
- Apply this rate, otherwise the company may be held liable
BULR recommendation: Before payment to non-residents, ensure correct taxation taking into account DTAT.
5.5. Liquidation payments: Taxation and calculations
Definition: Cash and/or non-cash payments to participants after satisfaction of creditors’ and state claims.
Tax base:
Tax base = Payment amount – Nominal value of the share in the charter capital
Example:
- Participant contributed: 10,000 lei
- Upon liquidation received: 15,000 lei
- Tax base: 5,000 lei
- Tax (12% for an individual): 600 lei
5.6. Deduction of liquidation expenses
The company may deduct expenses:
- Remuneration of the liquidator
- Services of auditors and consultants
- Publication of notices
- Inventory and valuation of assets
- Archiving and transfer of documents
- Other direct expenses
Excluded expenses:
- Revaluation of non-liquidated assets
- Provisioning of doubtful debts (if not collected)
- Unrealised tax losses (finally lost)
5.7. ARCHIVING AND PRESERVATION OF DOCUMENTS – CRITICAL FINAL STAGE
Mandatory requirement:
- The liquidator is obliged to transfer documents to the state archive BEFORE removal from the register.
- This is one of the most often overlooked stages, which may lead to ASP refusal to remove the company.
Types of documents
Documents of the Archive Fund:
- Decisions on registration and amendments to the charter
- Minutes of meetings and sessions of management bodies
- Property title documents
- Accounting registers and primary documents
- Audit reports and acts of tax inspections
- Tax and social reports
Personnel documents (HIGHEST PRIORITY):
- Orders on hiring and dismissal
- Employment contracts
- Timesheets (all years)
- Vacation documents
- Payroll and payment lists
- Personal files of employees
- Documents on social contributions
Practical archiving procedure (5–10 weeks)
Step 1: Preparation (2–4 weeks)
- Systematisation of documents by category
- Bringing them into proper condition
- Removal of metal parts
Step 2: Stitching and sealing (1–2 weeks)
- Stitching with special archive thread in 3–4 points
- Sealing with archive seal
- Compliance with technical standards
Step 3: Creation of inventory (1–2 weeks)
- Detailed inventory of all documents in standardised format
- Indication of title, period, number of sheets, condition
- Signing by both parties
Step 4: Packing and labelling (1 week)
- Packing into archive boxes
- Labelling indicating company name, period, number
- Compiling a control list
Step 5: Drawing up the Act of transfer of documents (key document!)
The Act must contain:
- Details of the company and the archive
- Detailed list of documents
- Number of storage units and sheets
- Condition of documents
- Signatures and seals of both parties
⚠️ The Act of transfer of documents is a CRITICAL DOCUMENT: ASP verifies its existence upon removal. If the document is missing or improperly drawn up, ASP will reject the application for removal. This may lead to an endless cycle of refusals.
Step 6: Obtaining a copy of the Act
- The liquidator is obliged to obtain a certified copy – this is key proof for ASP.
Step 7: Submission upon removal
- When submitting the application for removal, provide the Act and possibly a certificate from the archive.
BULR recommendation:
- Start archiving in parallel with preparation of the final balance sheet
- Contact the archive well before the end of liquidation
- In case of large volumes, use the services of a specialised company
- Make sure that the Act is properly drawn up and signed
VI. ALTERNATIVE APPROACHES: LIQUIDATION vs. SALE OF SHARE
Tax comparison of liquidation and share sale
Option 1: Liquidation – Taxation of liquidation payments
- Contributed to charter capital: 50,000 lei
- Upon liquidation, assets distributed: 120,000 lei
- Tax base: 70,000 lei
- Tax (12%): 8,400 lei
- NET INCOME: 111,600 lei
Option 2: Sale of share – Taxation of capital gain
- Cost basis of the share: 50,000 lei
- Share sold for: 120,000 lei
- Tax base (capital gain): 70,000 lei
- Tax (12%): 8,400 lei
- NET INCOME: 111,600 lei
Conclusion: Financial comparison
In the basic case, the tax consequences are almost identical.
When share sale is more advantageous:
- Speed – weeks vs. months
- Higher valuation – if the company operates, the price may be higher than assets
- Avoidance of expenses – no expenses for publication, notification, archiving
- Reduction of tax risk – no automatic tax control
When liquidation is more advantageous:
- Loss-making company – losses are absorbed at company level
- No buyers – the company has no market value
- Need to close a non-operating company – more honest approach
BULR recommendation: Carry out an analysis of both options before choosing.
Suspension of activity
The company may suspend its activity for up to 3 years:
- Without debts to the budget
- With publication in Monitorul Oficial
- Without entrepreneurial activity during this period
After expiry it may resume or be liquidated.
VII. MAIN CRITICAL POINTS REQUIRING PROFESSIONAL SUPPORT
- Completion of unfinished operations and recovery of receivables → Must be done BEFORE drawing up the liquidation balance sheet
- Revaluation of foreign currency obligations → Positive differences may significantly increase the tax burden
- Verification of unrealised tax losses → Consider reorganisation (instead of liquidation) to preserve them
- Closure of branches (subsidiaries) → Must be done BEFORE removal of the main SRL
- IMMEDIATE VAT DEREGISTRATION (days 2–7) → BEFORE tax report submission – avoid forced VAT accrual on remaining assets!
- Proper archiving with the Transfer Act → ASP may reject removal if the document is not properly drawn up
- Verification and repayment of local fees through the interoperability system → Often overlooked, but automatically blocks removal
- Tax control and transfer pricing → When distributing non-cash assets
- Correct taxation of non-residents with application of DTAT → Incorrect withholding may lead to liability
- Correct order of satisfaction of creditors’ claims → According to the Civil Code
VIII. RISKS AND LIABILITY
Administrative liability
- Fines for non-compliance with registration requirements
- Fines for failure to publish a notice in Monitorul Oficial
- Fines for failure to notify creditors
- Fines for non-compliance with archiving requirements
- Fines for non-compliance with liquidation procedures for branches
Tax fines and sanctions
- Fines for late submission of reports + penalties 0.03% per day
- Fines for incorrect reflection of exchange differences
- Fines for incorrect application of tax losses
- Fines for incorrect transfer pricing
- Forced VAT accrual on remaining assets (20%) in case of untimely deregistration – may amount to tens of thousands of lei!
- Fines for non-payment of local fees
- Fines for improper taxation of non-residents (without application of DTAT)
Civil liability
- Compensation of losses to creditors for hidden assets or improper distribution
- Joint liability of several liquidators
- Liability of the liquidator for improper completion of operations or failure to recover receivables
Criminal liability (most serious)
- Non-payment of taxes – intentional concealment of income (2–5 years of imprisonment)
- Falsification of accounting documents – false reports, overstatement of assets, understatement of market prices
- Non-execution of a court decision – continuation of activity under compulsory liquidation
Intentional creation of impossibility to satisfy creditors’ claims – concealment of assets or sale at understated prices
IX. BULR SERVICES: COMPREHENSIVE SUPPORT FOR LIQUIDATION
Legal support:
- Consulting at all stages with analysis of tax consequences
- Preparation of all necessary documents
- Representation in ASP, State Tax Service, mayor’s offices, archive
Operational support:
- Inventory and management of unfinished operations
- Recovery of receivables
- Closure of accounts and operations
- Management of current contracts
Tax planning:
- Audit of unrealised tax losses – determination of the optimal strategy (liquidation vs. reorganisation)
- Revaluation of foreign currency obligations – calculation of exchange differences
- PRIORITY VAT deregistration in days 2–7
- Preparation of tax reports
- Interaction with the State Tax Service during tax control
- Verification of transfer pricing
- Verification and repayment of local fees
- Minimisation of tax obligations
- Correct taxation of non-residents with application of DTAT
- Proactive comprehensive verification of all debts
Financial support:
- Inventory and independent valuation of assets
- Preparation of liquidation balance sheets
- Satisfaction of creditors’ claims in the correct order
- Preparation of the asset distribution plan
- Financial consulting (liquidation vs. sale of share)
Administrative and archiving support:
- Publication of notices in Monitorul Oficial
- Notification of creditors
- Closure of branches (subsidiaries) and registration of their removal
- Control of compliance with all deadlines
- PROPER ARCHIVING with all formalities
- Preparation of the Transfer Act of documents
- Ensuring timely removal from the register
The multidisciplinary expert team of BULR – Brodsky Uskov Looper Reed & Partners is ready to provide qualified support for the entire company liquidation procedure in Moldova, in order to close the business correctly, minimising risks and financial losses.
Contact the specialists of BULR, and we will help you to complete your company’s entrepreneurial activity smoothly, complying with all legal requirements and protecting your interests.
