Amendments have come into force in Moldova regarding the simplification of the procedure for buying, selling, registering immovable property and formalizing its pledge

Amendments have come into force in Moldova regarding the simplification of the procedure for buying, selling, registering immovable property and formalizing its pledge

As reported by the State Tax Service, in particular, in accordance with the amendments to the Notary Act adopted earlier by the parliament, to certify alienation contracts and pledge of property subject to registration, individuals and legal entities no longer need to submit to the notary a certificate of the State Tax Service on the absence or availability of debt to the budget for this property. As noted in the STS, since June 22 this year, notaries are no longer obliged to ask the taxpayers relevant certificates from the State Tax Service on the absence of debts to the budget. As previously reported by InfoMarket agency, in accordance with the changes introduced, in particular, for the certification of alienation contracts and the pledge of property subject to registration, it will be sufficient to present documents confirming the ownership of this property and extracts from the register of pledges that there is no pledge regarding this property. The exclusion of the need to present to the notary certificates from the STS on the absence or presence of debt to the budget for this property in order to certify the alienation contracts and the pledge of the property will reduce the citizens’ time and costs for the purchase and sale transactions and property registration. According to statistical data, about 400 thousand persons annually carry out transactions with real estate in Moldova. //11.07.2018 - InfoMarket.

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