About Board of Investment (BOI) Law in Chisinau, Republic of Moldova
The Board of Investment (BOI) in Chisinau, Republic of Moldova is a governmental entity designed to promote and facilitate local and foreign investments in the region. It provides a comprehensive range of services to investors, including provision of information on the local economy, industry opportunities, laws and regulations. The BOI also offers meaningful assistance during the investment evaluation process, application and approval phase,and throughout the implementation stage.
Why You May Need a Lawyer
Investment laws, regulations, and procedures can be complex. Consequently, you may require the service of a lawyer experienced in BOI dealings, especially when drafting and reviewing contracts, ensuring compliance with local laws, regulations and customary business practices, and obtaining the necessary permits and licenses. Lawyers can also assist with dispute resolution in a business-to-business or business-to-government context.
Local Laws Overview
In Chisinau, Republic of Moldova, local laws and regulations grant and protect the rights and obligations of foreign investors. They provide guarantees against expropriation and nationalisation without just compensation, guarantee the transferability of repatriation of profits, revenues and capital, and protect intellectual property rights. Moldova also has laws underlining the need for environmental protection, adhering to labor standards and ensuring social responsibility.
Frequently Asked Questions
1. Can foreigners invest in Chisinau, Republic of Moldova?
Yes, Chisinau and the greater region of the Republic of Moldova encourages foreign investment and offers various incentives and protections to foreign investors.
2. Are there sectors where foreign investment is not allowed?
Most sectors are open to foreign investment, however certain fields like defence and others specific to national security and public health could have restrictions.
3. What is the taxation system for enterprises in Chisinau, Republic of Moldova?
Moldova offers competitive taxation for enterprises in various sectors, subject to certain conditions. Corporate income, payroll, VAT and other taxes are prevalent, and can sometimes be reduced under certain conditions.
4. How can disputes be resolved?
Disputes can be resolved through negotiated settlement, arbitration or courts depending on the situation and in accordance with Moldovan laws.
5. Can I repatriate profits?
Yes, the laws in the Republic of Moldova allow investors to repatriate profits, dividends, and capital upon fulfilment of financial obligations.
Additional Resources
The official website of the Board of Investment (BOI) in the Republic of Moldova provides information and resources related to the investment climate, opportunities, laws and regulations. The Moldovan Chamber of Commerce and Industry and other related governmental bodies also offer investor resources.
Next Steps
If you need legal assistance with regard to Board of Investment (BOI) in Chisinau, Republic of Moldova, you should preferably consult with a legal expert familiar with Moldovan laws. This includes contacting a Moldovan law firm, or a local agency that offers such services. It is also recommended to seek advice from the BOI itself, as they can provide guidance on investment procedures and regulations while providing contacts to other support services.
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Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation.
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