According to information from the Moldova Immigration Center, the World Bank's "2019 Doing Business Report" shows that Moldova ranks 47th globally in terms of economic freedom, marking the third consecutive year it has entered the top 50! This year, Moldova scored 73.54 in business freedom, an increase of 0.38 from the previous year! The World Bank report highlights Moldova's progress in starting a business and emphasizes effective solutions to address the issue of bad asset restructuring.
As a country associated with the European Union, Moldova's business environment is highly competitive among 190 countries and regions, ranking 47th this year, outperforming other EU member states and neighboring countries! For instance, EU member states Italy (51st), Hungary (53rd), and Bulgaria (59th); Moldova's neighbors, Romania and Ukraine, rank 52nd and 71st respectively.
What are the criteria for measuring the business environment? The "2019 Doing Business Report" measures the processes of starting a business, obtaining construction permits, getting electricity, registering property, obtaining credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, and resolving insolvency. The ease of doing business ranking is based on the average ease of doing business scores across the 10 indicators included in the report (indicating an overall improvement in the business environment), with negative scores indicating a deterioration in the business environment, and 0.00 indicating no change in score.
Source: Doing Business Database
Experts from the WorldWay Center indicate that the report shows improvements in Moldova's business environment in key areas such as "starting a business" and "getting electricity," which has contributed to Moldova's high global ranking! This year, Moldova has passed a series of reforms in the area of "starting a business," such as simplifying the social security registration process, making it easier to start a business!
Recently, the Moldovan government announced that it will continue to stimulate the business environment in 2019! For example, the social insurance budget tax rate, which was reduced from 23% to 18% in 2018, is expected to drop to 12% or 14% in 2019.
Additionally, companies that reinvest their profits into business development will have the 12% corporate income tax waived. This announcement was made by Vlad Plahotniuc, President of the Moldovan Chamber of Commerce, at the AOAM gala. "Reducing social security contributions will allow entrepreneurs to save, encouraging them to develop their businesses and create jobs."
Previously, the WorldWay Center learned from the Moldova Immigration Center that the Moldovan government reformed personal income tax, eliminating the previous brackets of 7% and 18%, and unifying it to a 12% tax rate, with the highest corporate income tax rate in Moldova also being only 12%! Thus, Moldova has become a European country with a tax rate lower than that of Hong Kong!
At the same time, Moldova is a tax-friendly country, exempting not only inheritance and gift taxes but also exempting citizens who reside in Moldova for less than 183 days from foreign income tax, facilitating low-cost wealth transfer. In regions such as Moldova's free trade zone and the "Giurgiuleşti" International Free Port, qualifying enterprises can enjoy even more favorable corporate income tax policies (such as a 50% reduction in corporate tax), making Moldova very advantageous for business and tax planning.
In recent years, the Moldovan government has continuously improved the investment environment and gradually aligned itself with the European Union! The cornerstone of Moldova's foreign policy is to prioritize integration into Europe and to emphasize the development of relations with Europe and the United States. To date, Moldova has signed free trade agreements with multiple countries and regions, including the EU, Russia, and Turkey, ensuring that Moldova enjoys relevant tax benefits in trade with these countries! Additionally, Moldova has signed tax agreements with 48 countries, including China, Greece, Malta, and Spain! This marks a significant advantage for investors in avoiding double taxation when doing business and investing in Moldova!
Experts from the WorldWay Center indicate that Moldova has just opened its immigration policy, and as a high-potential investment destination in Europe, the investment citizenship program in Moldova has relatively lenient application conditions, making this an excellent time to invest. One day, if the Moldovan passport is upgraded to an EU passport, it will be the best return!
The Moldova investment citizenship program, which combines numerous unique advantages, was recently selected as one of the "Top 10 Immigration Events of 2018," attracting widespread attention from the industry and domestic media! As the first fast passport program from a European continental country, it requires only an investment starting from €100,000, with approval in about 90 days, allowing three generations of the family to quickly obtain passports from European countries, meeting various needs such as asset allocation, identity planning, tax planning, and children's education planning, making it one of the very good choices!
Since Moldova opened its immigration policy to the outside world in November 2018, the WorldWay Center has actively introduced the "Moldova Investment Citizenship Program" to China, becoming one of the immigration agencies promoting this program in China! With the Moldova investment citizenship program landing in China and rapidly gaining popularity, Moldova has become a coveted investment destination for many!
The unique advantages of the Moldova investment citizenship program are not to be missed!
1. High cost-performance fast passport program: Caribbean island prices, European continental citizenship;
2. Tax-friendly European continental country passport: low tax system, no foreign income tax, inheritance tax, or gift tax;
3. Moldova is a non-offshore financial country, highly recognized by financial institutions, and the Moldova passport is a preferred passport for business people in European continental countries;
4. A European continental country passport eligible 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 relevant regulations can enjoy admission to domestic prestigious schools without a written test for overseas Chinese;
7. An excellent choice for business, investment, shareholding, and asset allocation identity planning.
Seize the opportunity of the golden decade of European investment! For inquiries about the Moldova investment citizenship program, call: 400-138-2929
