TATIANA ONUFREIHEAD OF THE ECONOMIC POLICY DIVISION,MINISTRY OF ECONOMY AND
INFRASTRUCTURE OF THE REPUBLIC OF
MOLDOVA

BUSINESS ENVIRONMENT AND
INVESTMENT OPPORTUNITIESOF THE REPUBLIC OF
MOLDOVATOP REASONS TO INVEST IN
MOLDOVA

Easy access to major
markets and to OEMs andTier 1&2 suppliers.
Moldova’s exports arelargely liberalized to boththe European Union and
the Commonwealth of
Independent Statesmarkets.

#GROWINMOLDOVA

Skilled & multilingual
workforce(e.g. Romanian, Russian,Turkish, Ukrainian, English,French, German, Italian,etc.).
Lowest labor andproduction costs in theregion.

The regular corporate tax
rate is of only 12% and
20% of the VAT isreimbursed for exports(competitive rates
compared to the region).

Investors can tap an
extensive industrial
tradition covering
numerous manufacturingsectors (e.g. electronics,metal, assembly ofelectronic devices,machine building, etc.).

YOUR BRIDGE TO WEST AND EASTMOLDOVA –the newest emerging
investment
destination#GROWINMOLDOVAMOLDOVA – OPEN ECONOMY
The most important achievements:- Membership in the World Trade Organization(2001);- Membership in the Central European Free
TradeAgreement (2007);- Membership in the Community ofIndependentStates (2012);- The European Union–Moldova Association
Agreement, DCFTA, (2014);- Free Trade Agreement with Turkey (2017);- Free Trade Agreements with the People’s
Republicof China (in progress);#GROWINMOLDOVAMOLDOVA – INTERNATIONAL RANKINGSGLOBAL COMPETITIVENESSINDEX 2017-2018
88 out of 137 (11 positionsup)
remarked ascountry with the strongest
evolution in the EurasianregionEase of Doing Business2018 –Work Bank Group47 out of 190#GROWINMOLDOVA

#GROWINMOLDOVAEXPORT COMPETITIVENESST H E

N A T I O N A L S T R A T E G Y F O R I N V E S T M E N T A N D E X P O R T
P R O M O T I O N F O R T H E P E R I O D 2 0 1 6 - 2 0 2 0#GROWINMOLDOVAINVESTMENT FRIENDLY FISCAL SYSTEM

UkraineRussianFederation

SlovakRepublic

Italy

16%

18%

20%

21%

24%

20%

20%

20%

18%

20%

21%

18%

27.75%

49.7%

30%

35.2%

23.81%

Republic ofMoldova

Romania

12%#GROWINMOLDOVATRADE STRUCTURE– EXPORTS 2018

ROMANIA
792.3 mln. USD(29.27%)
TURKEY
106,.6 mln. USD(3.9%)

Total volume of Moldovan exports
2,706 mln. USD+11.6%RUSSIA
218.6 mln. USD(8%)
POLAND
98.1 mln. USD(3.6%)
ITALY
309.6 mln. USD(11.4%)

Switzerland
61.1 mln. US(2.2%)GERMANY
219.9 mln. USD(8,1%)

European Union

Commonwealthof Independent States

1862.1 mln. USD(68.8%)

415.9 mln. USD(15.3%)+16.6%-10.1%#GROWINMOLDOVA

UK
78.8 mln. USD(2.9%)UKRAINE
80.3 mln. USD(3.0%)BELARUS87.2 mln. USD(3,2 %)EXPORT STRUCTURE – 2018
EXPORT STRUCTURE BY GROUPSTOP GOODS EXPORTED BY THE REPUBLICOF

MOLDOVA

alimentary products
23%
various manufactured articles
24%

beverages and tobacco
8%non-edible raw materials
11%
machinery and transport
equipment
21%

oils and fats2%
manufactured goods
6%chemical products
5%#GROWINMOLDOVAMOLDOVAN TRADESTRUCTURE IMPORTS 2018
Total volume of Moldovan
imports

TURKEY
339.9 mln. USD(5,9 %)ROMANIA
838.2 mln. USD(14,5%)POLAND202.4 mln. USD(3.5%)RUSSIA
720.8 mln. USD(12.5%)5764 mln. USD
19.3%

European Union
2851.7 mln. USD(49.4%)+19.3%

Commonwealthof Independent
States1449.2 mln. USD(25.1%)+20.1%

rce: National Bureau of Statistics#S oGu R
OWINMOLDOVA#GROWINMOLDOVABELARUS128 mln. USD(2.2%)UKRAINE
577.1 mln. USD(10 %)FRANCE
132.3 mln. USD(2,3%)
CHINA
600.3 mln. USD(10.4%)GERMANY484.1 mln. USD(8,4 %)

ITALY
389.4 mln. USD(6.7%)

TRADE STRUCTURE – IMPORTS
2018machinery and transport
equipment
24%

various manufactured articles
11%alimentary products
10%
beverages and tobacco
2%
non-edible raw materials
2%

mineral fuels
17%

manufactured goods
20%chemical products
14%#GROWINMOLDOVAFOREIGN DIRECT INVESTMENTS – OVERVIEW 2018

#GROWINMOLDOVAF O R E I G N D I R E C T
I N V E S T M E N T S

Foreign Direct Investments
by TOP group of goods – stock at
30.09.2018

Construction
1.2%

Accomodation and public

Agriculture
1.5%

catering

Investments in the social capital of theRepublic of Moldova
By top group of countries – 2017 (stock)mln. USD

Transportation andstorageReal estate

5.5%

transactions Others
4.3%
0.9%

1.3%

Manufacturing

information and23.9%

comunications
9.0%

Wholesale andretail trade; repairof motor vehicles
16.7%

Financial activities
23.5%
Electricity, gas andwater
12.2%

1

THE NETHERLANDS

326.652SPAIN

272.403

FRANCE

254.194CYPRUS

180.85

5ROMANIA

144.516

ITALY

126.62

7

GERMANY

94.66

8USA

62.97

9

GREAT BRITAIN

56.73

10

SWITZERLAND

36.25

Source:National Bank of Moldova#GROWINMOLDOVAINCENTIVES FOR FREE ECONOMICZONES’ RESIDENTS
Airport ”Marculesti”

No VAT and excise duties
3 and 5 years income tax
exemption
if investing 1 and 5 million USD

6% corporate income tax insteadof 12%
10 years state warranty in caseof change of legislation#GROWINMOLDOVAInternational
Free Port”Giurgiulesti”

MAIN INDICATORS OF FREE ECONOMIC ZONESTHE VOLUME OF INVESTMENTS(MLN.USD)

500

391.4

450

348.6

400

285.3

350
300
250
200

#GROWINMOLDOVA

124.7

128.7

144.5

169.4

197.9

2010

2011

2012

2013

212.0

230.1

150
100
5002009

2014

2015

2016

20172018 (9 months)#GROWINMOLDOVAMAIN INDICATORS OF FREE ECONOMIC ZONES#GROWINMOLDOVAVOLUME OF SALES&INDUSTRIAL PRODUCTION, MLN. MDL

7,000.0
6,000.0
5,000.0
4,000.0

6,603.8

6,525.020172018 (9 months

3,000.0
2,000.0

3,651.3
2,009.0

1,000.0

983.9

1,409.6

2009

2010

0.0

2011

Source: Free Economic Zones’ reports#GROWINMOLDOVA

2,366.4

2012

4,458.8

4,040.4

2,859.4

2013

2014

2015

2016

51715875

6512 6896

6620.06502

8024 11926 13981

2010

2011

2012

2014

2016

2013

2015

THE NUMBER OF JOB CREATED

20172018 (9months)

GIURGIULESTI INTERNATIONAL
FREE PORTThe volume of investments from the beginning of the activity (mln. USD)

8070

port operations

60
50

GIFPinlandtransportation
forwarding#GROWINMOLDOVA

30

59.8

2012

2013

63.7

2014

2015

69.3

2016

2017

71.5

51.4
4540

short sea;river shipping

57.8

62.5

68.9

33.1

38.6

26.8

20
100
2007

2008

2009

2010

2011

2018

INCENTIVES FOR INDUSTRIAL
PARKS

changing the destination of agriculturalland is for free

Airport ”Marculesti”
the right to privatize the state-owned landfor construction at normative pricefree allocation of public property tocreate parks at owner’s decision
decreasing up to 70% the annual fee
regarding land lease or space rent

285

1229.0

1917

2605

28663122International Free
Port ”Giurgiulesti”#2013
G R O W I N2014
M O L D O V2015
A2016

THE NUMBER OF JOB CREATED

20172018 (9months)#GROWINMOLDOVAMAIN INDICATORS OF INDUSTRIAL PARKS#GROWINMOLDOVA

THE VOLUME OF INVESTMENTS (thousands MDL)
800,000.00

708,339.00

582,435.80

700,000.00
600,000.00
500,000.00
400,000.00

141088.0

300,000.00
200,000.00

171,055.50

115,129.00

30,469.80

54,348.10

100,000.00
0.00

2013

2014

2015201620172017 (62018 (6months)

months)INFORMATION AND COMMUNICATION TECHNOLOGY SECTORINFORMATION TECHNOLOGY PARKS IN THE REPUBLIC OF
MOLDOVA

Eligible activities in the information technology parks
customized software development activities
computer game editing activities

Unique tax charged byresidents of IT Parks
7% of the sales income

editing of other software products
management activities (management and operation) of computing
meansdata processing, web pages management and related activities
web portal activities
research-development in other natural sciences and engineering#GROWINMOLDOVA

manufacture of electronic components

INSTRUMENTS FOR ATTRACTING FOREIGN INVESTMENTS
Public Private Partnership

Moldovan strategic privatization assets• Law no. 179 of 10.07.2008 on
public private partnership;• Law no. 121 of 04.05.2007 on
administration andprivatization of publicproperty;• Law no 534/13.07.95 on
concessions/ Law no. 121 of05.06.18 on work concessions
and services concesions (willenter into force in 17.02.19).

#GROWINMOLDOVA#GROWINMOLDOVAFINANCIAL REPORTING
REFORM

removing the duplicate data and lowering reporting volume byapprox. 40%
reducing the time and cost of drafting and reporting to publicauthoritiesSECTION TITLE

the interaction of economic agents with a single publicauthority
concentrating the data as well as establishing a unique
reporting and payment period (day 25/monthly)

The State Tax Inspectorate, the National
Social Insurance House, the National
Insurance Company in Medicine and theNational Bureau of Statistics#GROWINMOLDOVA

combating the phenomenon of “wage in the envelope”#GROWINMOLDOVAINVESTMENT FRIENDLY ENVIRONMENTJOB SUBSIDY REGULATION
Purpose: to stimulate businesses for job creation
Beneficiary - any legal entity practicing entrepreneurial activity in theRepublic of Moldova.
The amount of the subsidy for a job created - 2 000 EUR for 2018.

MOLDOVAN CITIZENSHIP BY INVESTMENTS PROGRAM
The minimum amount of the contribution to the Public Investment Fundfor Sustainable Development is the equivalent of 100,000 euros.
http://cbi.gov.md/#GROWINMOLDOVA#GROWINMOLDOVAINVEST IN
MOLDOVA – PLACETO GROW YOUR
BUSINESS!