Great news! WorldWay has received the latest information from the Moldova Migration Center: the Moldovan government has reformed its personal income tax, abolishing the previous 7% and 18% brackets and unifying them into a 12% tax rate! As a result, Moldova's maximum comprehensive personal income tax rate is now lower than Hong Kong's maximum personal income tax rate of 17%, making it a continental European country with even lower taxes than Hong Kong!
How advantageous is Moldova in terms of personal income tax? Let us take Japan, South Korea, the United States, Russia, and Ukraine as examples. Japan uses a progressive tax system with different rates for different income levels, with a top rate of 40%; South Korea uses a comprehensive progressive system with a top rate of 40%; the United States uses a progressive system with seven brackets, the highest being 37%; Ukraine's rate is 18%; Russia has two categories, 13% for residents and 30% for non-residents.
Hong Kong is a well-known low-tax region. The latest report from the World Bank states that among 190 tax jurisdictions globally, Hong Kong is one of the preferred locations for doing business. Currently, Hong Kong follows a low-tax and simple tax system, with corporate profits over HKD 2 million taxed at a maximum standard rate of 16.5%. However, Moldova, a continental European country located on the Balkan Peninsula in Southeast Europe, holds an advantage, with a maximum comprehensive corporate income tax rate of only 12%, which is even lower than that of Hong Kong!
WorldWay experts believe that for many companies "going global" to invest, merge, and expand overseas businesses, the question of whether they can legally save money requires attention not only to tax rates but also to other factors, such as preferential policies. Eligible companies in the Moldova Free Trade Zone and the "Giurgiuleşti" International Free Port can enjoy even more favorable corporate income tax policies (such as a 50% reduction in corporate tax). It can be said that Moldova is very conducive to business and tax planning.
The series of reforms in Moldova is due to the government's continuous improvement of the investment environment and its gradual alignment with the European Union! A fundamental point of Moldova's foreign policy is to prioritize integration into Europe and to attach importance to developing relations with Europe and the United States. With Moldova officially signing the Association Agreement with the EU and formally obtaining the status of an EU associated country, the Moldovan economy is flourishing.
In 2018, Moldova's economy was particularly closely linked to the EU. From January to September, exports to the EU (EU-28) increased by 27.9% compared to the same period in 2017, accounting for 69.6% of total exports. Data shows that the Moldovan economy continues to maintain a stable and good development momentum, with GDP growing by 4.5% year-on-year for two consecutive years, and the prospects are promising.
Following the successful global launch events of the WorldWay Moldova Citizenship by Investment Program in Beijing, Qingdao, Shanghai, Shenzhen, Guangzhou, and Hong Kong, the rapid spread of the Moldova Citizenship by Investment Program in China has made Moldova a well-known and desirable country! As a continental European country with lower taxes than Hong Kong, Moldova is attracting more and more overseas companies and individual investors. Many Chinese companies have already gone to Moldova to invest and build factories, and a wave of investment in Moldova is rising rapidly!
Currently, the Moldova Citizenship by Investment Program, promoted by WorldWay Group, which combines numerous unique advantages, is in high demand! With an investment starting from only EUR 100,000 and approval in about 90 days, you can quickly obtain a European country's passport for three generations of your family, meeting your many needs such as asset allocation, identity planning, tax planning, and children's education planning. It is one of the excellent choices!
Quickly obtain citizenship of an EU associated country starting from EUR 100,000. The unique advantages of the Moldova Citizenship by Investment Program are not to be missed!
7 Major Features
1. High cost-performance, fast passport program: Caribbean island nation price, continental European citizenship;
2. Tax-friendly European country passport: low tax system, no tax on overseas income, inheritance tax, or gift tax;
3. Moldova is a non-offshore financial country, highly recognized by financial institutions; a Moldovan passport is a preferred European passport for business people;
4. A European country passport eligible to apply for the U.S. E-2 visa;
5. Travel convenience: visa-free access to 122 countries and regions, including Schengen countries, Russia, Turkey, etc.;
6. Those who meet the relevant requirements can enjoy admission to prestigious domestic universities without written exams as overseas Chinese;
7. A superior choice for identity planning for business, investment, shareholding, and asset allocation.
Seize the opportunity of the golden decade of European investment! Choose the Moldova passport program, choose WorldWay, one step ahead, leading all the way! Consultation Hotline: 400-138-2929
Copyright Notice: Some content and viewpoints in this article are reprinted from the KOSDROMOS Moldova Migration Center. The copyright of this article belongs to KOSDROMOS.