CHISINAU, Moldova, May 16, 2024
/CNW/ -- Moldova is positioning
itself as a rising tech hub with the release of the "IT Investment
Guide for Moldova", prepared by
Emerging Europe. This guide provides detailed insights into
Moldova's dynamic IT sector,
showcasing strategic advantages, opportunities, and incentives for
investors.
The Moldova Innovation Technology Park (MITP) is central to this
transformation, driving the nation's digital agenda and fostering a
robust innovation ecosystem. Hosting over 21,190 IT specialists,
MITP significantly contributes to Moldova's GDP and IT exports.
Key Advantages of MITP:
- Single Tax Rate: MITP residents enjoy a single tax rate
of 7%, replacing the entire tax burden for companies and
employees.
- Zero Corporate Income Tax: Resident companies are exempt
from corporate income tax, local taxes, real estate, and road
taxes.
- Work Permits: The IT Visa Programme offers four-year
work permits for top managers and two-year permits for IT
specialists and their families.
- Talent and Education: Moldova has a strong pool of IT graduates,
supported by leading universities and training programs.
Growth and Achievements:
Moldova's IT sector has shown
remarkable growth and resilience. Between 2016 and 2022, the sector
achieved a 37.1% annual revenue growth rate and a 40% annual growth
in IT exports. The IT sector now constitutes a significant part of
Moldova's economy, with MITP
accounting for about 80% of the sector and five percent of the
nation's exports.
The guide highlights success stories of international and local
companies thriving in Moldova's
business environment, including Amdaris, Endava, Bloomcoding, and
Crunchyroll. These companies have leveraged MITP's benefits to
expand and innovate in their respective fields.
Strategic Positioning:
Moldova's alignment with the
European Union's Digital Transformation Strategy enhances its
appeal to investors. The country's commitment to digitalization is
evident in its advanced public services and robust infrastructure.
Moldova ranks highly in the IT
Competitiveness Index, surpassing many regional peers in talent
availability, business environment, and economic impact.
A Promising Future:
Moldova's digital
transformation strategy aims for 100% digitalization of public
services, setting a high standard for tech-driven economic
development. For investors and businesses exploring opportunities
in Eastern Europe, Moldova offers a compelling proposition. The
"IT Investment Guide for Moldova"
showcases the country's achievements and serves as a roadmap to its
digital future.
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SOURCE Moldova Innovation Technology Park