Property - Doing Business in Moldova

Property - Doing Business in Moldova

Property

The property right is declared and guaranteed in the Republic of Moldova based on the Constitution and international acts the Republic of Moldova is a party to.

Property is public and private. It consists of intellectual and material assets. The public property right, as well as state bonds is guaranteed.

Nobody can be expropriated solely for the cause of public utility established under the law with fair preliminary compensation. Legally obtained property cannot be confiscated. The legal nature of the obtained property is presumed.

The right of private property inheritance is guaranteed.

The only restriction refers to the right of inheritance of agricultural lands or forest funds. Thus, foreign citizens or economic entities/foreign or mixed companies cannot own agricultural lands.

The legislation implicitly stipulates that the right to purchase and sell agricultural lands belongs to the state, individuals, citizens of the Republic of Moldova, as well as legal entities whose statutory fund does not contain foreign capital.

If foreign nationals or stateless persons become agricultural land or forest fund owners through legal or testimonial inheritance, they are entitled to alienate them through legal acts only between living citizens of the Republic of Moldova.
Nevertheless, there are a number of legal means, through which a foreign company or a foreign national can own agricultural lands.