Tiraspol, June, 12. /Novosti Pridnestrovya/. The Supreme Council adopted in the first reading a legislative initiative of the Government simplifying the procedure for registering legal entities for foreigners.
In particular, the law excludes the requirement that the head of a company can only be a person who has a permanent residence in the territory of Pridnestrovie.
The conceptual questions establish that "the head of a legal entity is a capable person who is a citizen of the Pridnestrovian Moldavian Republic, a foreign citizen, a stateless person who is registered at the place of residence or at the place of stay in the republic and has the right without power of attorney to act on behalf of the legal entity."
“The initiative is designed to help attract foreign investors to the republic. Today, an investor, coming here, unexpectedly faces a problem when he has to look for the person who will lead the business here. This is a significant problem; it slows down the process of investors entering here; fraudsters appear, offering their services as a director. This is the right of the investor and corresponds to common sense when he gives money and resources for managing the business to someone he knows,” Deputy Chairman of the Government, Minister of Economic Development Sergey Obolonik said in an interview with the Novosti Pridnestrovya news agency.
Last year, the Law “On State Support of Investment Activities” came into force. The document provides unprecedented tax breaks and state guarantees to protect the interests of investors, as well as the legal entities of Pridnestrovie that they have created, which carry out investment projects.
During the period of the new investment legislation, four investment agreements were concluded with investors from Romania, Ukraine, Moldova and Italy for a total amount of more than 4.7 million euros, as well as three agreements of intent with representatives of Austria, Bulgaria and Estonia.
Currently, there are 26 projects in the work of the Investment Agency, 12 of which can be implemented in the near future. The total investment in the announced proposals is about 45 million euros.
Some projects concern the development of the agro-industrial sector (freezing berries, growing hazelnuts, producing oil), others include the creation of new enterprises for the production of footwear, building materials, medical goods, automotive components, etc.
