Import and Export of Cash in Foreign Currency and National Currency and of Traveller’s Cheques in Foreign Currency by Legal Entities.

The import into /export from the Republic of Moldova of cash in foreign and national currency and traveller’s cheques in foreign currency shall be allowed to legal entities in cases, as follows:
a) the National Bank of Moldova – for the purpose of exercising the attributions
thereof;
b) licensed banks and non-resident banks – for the purpose of carrying out financial activities;
c) resident legal entities – for the purposes /cases provided under items listed below:
• payment in cash of business trip expenses, provided for by the legislation of the Republic of Moldova, to employees on business trip abroad, as well as the return by employees of unused funds mentioned above;
• payment in cash by resident legal entities, who carry out their activity in the field of civil aviation, of expenses related to aircrafts servicing in foreign airports in case of charter flights, special flights (for state’s or government’s leaders aboard) or landing for technical reasons;
• reception of cash by the resident legal entities, which carry out their activity in transport means engaged in international traffic, from passengers for the sold goods /or rendered services thereof;
• reception of cash imported into the Republic of Moldova due to closing of their accounts abroad – in case the balance of the account is insignificant and the transfer thereof into the Republic of Moldova is irrational due to transfer costs;
• reception of cash in case of inheritance /legacy or in cases of legal succession provided for by the legislation of the Republic of Moldova;
• as well as in cases when the funds previously imported into /exported from the Republic of Moldova were totally or partially unused;

d) non-resident legal entities – for the purposes /cases provided under items listed below:
• reception of cash as payment from non-residents according to the contracts that provide for export of goods (including lease objects) and services against financial means;
• reception of cash from non-residents due to the return of funds transferred in advance according to the contracts that provide for import of goods (including lease objects) and services against financial means;
• reception by resident legal entities, who carry out their activity in the field of civil aviation, of cash from foreign flight operators for the services rendered to them in case of charter flights, of special flights (for state’s or government’s leaders aboard), of foreign air force flights or landing for technical reasons;
• reception of cash by diplomatic missions, consular offices and other official representative offices of foreign states, representations of international organizations accredited in the Republic of Moldova and international organizations within their activity on the territory of the Republic of Moldova;
• use of cash by non-resident legal entities, who are responsible for the implementation of technical assistance projects /of foreign financing projects for the Republic of Moldova, for purposes relevant to the implementation of the mentioned projects, only in relation to individuals;
• reception of cash in case of inheritance /legacy or in cases of legal succession provided for by the legislation of the Republic of Moldova;
• reception of cash due to closing of their accounts opened with licensed banks – in case when the balance of the respective account is insignificant and the transfer thereof from the Republic of Moldova is irrational due to the transfer costs;
• reception of cash by non-resident legal entities, which carry out their activity in transport means engaged in international traffic, from passengers for sold goods /or rendered services thereof;
• as well as in cases when the funds previously imported into /exported from the Republic of Moldova were totally or partially unused.

Resident legal entities shall have the right to export from the Republic of Moldova cash in national currency with the purpose of testing the automated processing machines of banknotes and coins in national currency. After the testing, but not later than 6 months from the date of export, the exported cash shall be reimported into the Republic of Moldova.
The import into /export from the Republic of Moldova of cash in national currency and foreign currency and of traveller’s cheques in foreign currency by the legal entities, mentioned above shall be made by individuals-official representatives of
these legal entities.
The import into /export from the Republic of Moldova of cash in foreign currency by the licensed banks shall be made without the authorization of the National Bank of Moldova.
The import into /export from the Republic of Moldova of cash in foreign currency by non-resident banks shall be made with the authorization of the National Bank of Moldova.
The import into /export from the Republic of Moldova of cash in national currency by licensed banks and non-resident banks shall be made with the authorization of the National Bank of Moldova. The export from / import into the Republic of Moldova of cash in national currency by licensed banks with the purpose of testing the automated processing machines of banknotes and coins in national currency shall be made without the authorization of the National Bank of Moldova.
The import into /export from the Republic of Moldova of traveller’s cheques in
foreign currency by licensed banks and non-resident banks shall be made without the authorization of the National Bank of Moldova.

The National Bank of Moldova, in consent with the Customs Service, shall have the right to establish:
a) the conditions related to the import into /export from the Republic of Moldova of cash in foreign currency and national currency and of traveller’s cheques in foreign currency by legal entities, mentioned above;
b) the documents that shall be submitted by legal entities to customs authorities of the Republic of Moldova while importing into /exporting from the Republic of Moldova of cash in foreign currency and national currency and in traveller’s cheques in foreign currency.

The above is intended to provide a brief guide only. It is essential that appropriate professional advice is obtained. Our office will be glad to assist you in this respect. Please do not hesitate to contact us.

Related posts