Recently, the Moldovan government announced a favorable new policy: Moldovans living abroad can now collect their pensions locally in their country of residence, provided there is a social insurance agreement in place! Worldway Group learned from the Moldova Migration Center that countries currently having social insurance agreements with Moldova include Romania, the Czech Republic, Portugal, and Bulgaria.
Valeriu Ghiletchi, Deputy Speaker of the Parliament of Moldova, noted that it is particularly important to verify that the recipient is still alive. To prove this, pensioners must maintain contact with the Moldovan embassy in their country of residence. So, do you know the truth behind this series of benefits introduced by Moldova?
Moldova Has a Sound Social Security System
Moldova attaches great importance to social security and is accelerating the establishment of a social security system that covers all residents to ensure the basic livelihood of its people. The government has passed and implemented various bills to ensure that all social strata reach a minimum standard of living, and it continuously adjusts wages and social subsidies based on inflation levels. "It is stipulated that all enterprises and units must pay wages and pensions on time every month; the government will impose heavy penalties on those that fail to do so."
Moldova has reformed its retirement system, simplifying procedures and lowering the retirement age. More pension benefits are provided to retirees without land. Moldova has also allocated significant funds to help vulnerable groups such as the elderly, women, and children, increasing subsidies for large families and people with disabilities. In short, the social security system established by Moldova is relatively comprehensive.
Moldova Actively Strengthens Livelihood Services
Moldova implements universal free healthcare and possesses multiple layers of medical service protection. By upgrading healthcare institutions at all levels, the country has expanded the coverage of medical services and improved service quality. The government continuously increases investment in the hardware and software facilities of medical institutions and attaches importance to the training and education of medical personnel.
Data obtained by Worldway Group from the Moldova Migration Center shows that in 2017, Moldova's total healthcare expenditure accounted for 11.9% of its GDP, ranking eighth in the world. The annual Moldova International Medical Exhibition is the most important event in the Moldovan medical sector, aimed at developing medical products and services for the local market.
Just last week, 36 new Mercedes-style ambulances arrived at the hospital in Chișinău and were unveiled at the Great National Assembly Square; the new ambulances are all equipped with modern equipment. Since the beginning of 2018, Moldova has purchased 74 new ambulances, and by the end of this year, another 30 new ambulances will arrive in the country. In 2019, Moldova will also utilize a credit line provided by the Council of Europe Development Bank, with plans to add another 170 new ambulances, said Prime Minister Pavel Filip.
By constantly focusing on national welfare and people's livelihoods, Moldova, located in Southeast Europe, has become a focal point of attention, evolving into a truly steadily developing civilized country and one of the preferred destinations for establishing a second home overseas!
Currently, the Moldova Citizenship by Investment Program, launched by Worldway Group and featuring numerous unique advantages, is in high demand! With an investment starting from only 100,000 Euros and approval in about 90 days, you can quickly obtain a European passport for your whole family of three generations. It meets your many needs such as asset allocation, identity planning, tax planning, and children's education planning, making it an excellent choice!
Obtain citizenship of an EU-associated country quickly from 100,000 Euros; the unique advantages of the Moldova Citizenship by Investment Program are not to be missed!
7 Major Features
1. High cost-performance rapid passport program: Caribbean island prices, continental European citizenship;
2. Tax-friendly European passport: Low tax system, no tax on foreign income, inheritance tax, or gift tax;
3. Moldova is a non-offshore financial country, highly recognized by financial institutions; the Moldovan passport is a preferred European passport for business people;
4. A European passport eligible to apply for the U.S. E-2 visa;
5. Travel convenience: Visa-free or visa-on-arrival 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 students;
7. A superior choice for identity planning regarding business, investment, shareholding, and asset allocation.
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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.